diff options
| author | Mark Friedenbach <mark@monetize.io> | 2013-03-11 11:59:14 -0700 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2013-03-11 19:30:56 +0000 |
| commit | c069ebf42620c90299fd8ba6d862323ac2a4dede (patch) | |
| tree | 1027eaf233915ca1ee4171a1bfb4ca30ae55f418 | |
| parent | a956cf2fe2662f1d8220542e8c892cc0aa49b2e9 (diff) | |
| download | pi-bitcoindev-c069ebf42620c90299fd8ba6d862323ac2a4dede.tar.gz pi-bitcoindev-c069ebf42620c90299fd8ba6d862323ac2a4dede.zip | |
Re: [Bitcoin-development] Blocking uneconomical UTXO creation
| -rw-r--r-- | 2b/b34d95d7de588e130766ae0a0b5362b9deafd6 | 137 |
1 files changed, 137 insertions, 0 deletions
diff --git a/2b/b34d95d7de588e130766ae0a0b5362b9deafd6 b/2b/b34d95d7de588e130766ae0a0b5362b9deafd6 new file mode 100644 index 000000000..614e31958 --- /dev/null +++ b/2b/b34d95d7de588e130766ae0a0b5362b9deafd6 @@ -0,0 +1,137 @@ +Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191] + helo=mx.sourceforge.net) + by sfs-ml-4.v29.ch3.sourceforge.com with esmtp (Exim 4.76) + (envelope-from <mark@monetize.io>) id 1UF8Qx-0007Wk-Vz + for bitcoin-development@lists.sourceforge.net; + Mon, 11 Mar 2013 19:30:56 +0000 +Received: from mail-wg0-f47.google.com ([74.125.82.47]) + by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) + (Exim 4.76) id 1UF8Qw-0003Fm-5x + for bitcoin-development@lists.sourceforge.net; + Mon, 11 Mar 2013 19:30:55 +0000 +Received: by mail-wg0-f47.google.com with SMTP id dr13so5200112wgb.2 + for <bitcoin-development@lists.sourceforge.net>; + Mon, 11 Mar 2013 12:30:47 -0700 (PDT) +X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; + d=google.com; s=20120113; + h=mime-version:x-received:x-originating-ip:in-reply-to:references + :date:message-id:subject:from:to:cc:content-type:x-gm-message-state; + bh=xja67DEALz0z6VsweY1IqRMQZ83pEza3sP2WhuqIoOg=; + b=KGiFU8vzlpUZz4tsG9GsqBisrqif1PLl1d+Ws/N3byjy5o3NVYGIOkM9ISAo9uJQJp + InKtdSMQk7MytMjCTofI/EP6WBpB7e453kpnWBY4PZdBTTvIgB1hJuh6mPcxE1ZWG7uq + njzHHO/BPLtaiWSgsu9YFnYe761LdVz5tbT8NV5/lUgI9KVTdFKoTlNxE5uLVPIIuINw + uP0ouk7iWewtKQxOO/7GvVz8vGOCW/pZbxlo6O4UAGUnnD/SwV3qatHm9m/37x4H4T6F + jNluCmBHhatP7J96/FDZ9fuH5UVC9B+BJf26FDMFoP49RiFzav+3vm9ndDL/sQFUawyL + +g9A== +MIME-Version: 1.0 +X-Received: by 10.180.108.3 with SMTP id hg3mr14639695wib.33.1363028354342; + Mon, 11 Mar 2013 11:59:14 -0700 (PDT) +Received: by 10.194.165.195 with HTTP; Mon, 11 Mar 2013 11:59:14 -0700 (PDT) +X-Originating-IP: [128.102.239.63] +In-Reply-To: <75F78378-7580-4D69-A5EA-E943AF7CEB0C@benlabs.net> +References: <20130310043155.GA20020@savin> + <CABOyFfp9Kd+y=SofWfq6TiR4+xeOhFL7VVHWjtrRn83HMsmPBA@mail.gmail.com> + <CABsx9T1rt+7BQHz1S=NVtL_YV7kfCapQ+3MEf+xyXT7pZOfq7w@mail.gmail.com> + <CABOyFfrO9Xpc=Pdh_6AM1yoHRCeuHxzqL02F-ALkimmsGbheiA@mail.gmail.com> + <CABOyFfqh_VixG7SQMaQUkxU40MGY1f9JO3=OqwitHa1YoT4chQ@mail.gmail.com> + <CANEZrP0gsrd2W3ODfQRSc2k5V7GotJ0vzEAxcAjnaMtDHZ9_JA@mail.gmail.com> + <75F78378-7580-4D69-A5EA-E943AF7CEB0C@benlabs.net> +Date: Mon, 11 Mar 2013 11:59:14 -0700 +Message-ID: <CACh7GpHnAc8JBce4uvtU9Qw+1Th9R9_6ySc83ZEBGC-tX+y_9A@mail.gmail.com> +From: Mark Friedenbach <mark@monetize.io> +To: Benjamin Lindner <ben@benlabs.net> +Content-Type: multipart/alternative; boundary=e89a8f3ba6e3e135e204d7aac43a +X-Gm-Message-State: ALoCoQnBT02L9en8f+n9Kzi2OTzONaTk4byythSRIkJKOKKpiohObtJqDRr9pp+7lCI2XmEvpepQ +X-Spam-Score: 1.0 (+) +X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. + See http://spamassassin.org/tag/ for more details. + 1.0 HTML_MESSAGE BODY: HTML included in message +X-Headers-End: 1UF8Qw-0003Fm-5x +Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net> +Subject: Re: [Bitcoin-development] Blocking uneconomical UTXO creation +X-BeenThere: bitcoin-development@lists.sourceforge.net +X-Mailman-Version: 2.1.9 +Precedence: list +List-Id: <bitcoin-development.lists.sourceforge.net> +List-Unsubscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>, + <mailto:bitcoin-development-request@lists.sourceforge.net?subject=unsubscribe> +List-Archive: <http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development> +List-Post: <mailto:bitcoin-development@lists.sourceforge.net> +List-Help: <mailto:bitcoin-development-request@lists.sourceforge.net?subject=help> +List-Subscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>, + <mailto:bitcoin-development-request@lists.sourceforge.net?subject=subscribe> +X-List-Received-Date: Mon, 11 Mar 2013 19:30:56 -0000 + +--e89a8f3ba6e3e135e204d7aac43a +Content-Type: text/plain; charset=UTF-8 + +On Mon, Mar 11, 2013 at 11:17 AM, Benjamin Lindner <ben@benlabs.net> wrote: + +> > Just activate a non-proportional +> > demurrage (well, I won't complain if you just turn bitcoin into +> > freicoin, just think that non-proportional would be more acceptable by +> > most bitcoiners) that incentives old transactions to be moved +> +> You could delegate the decision to the user with a rule like: +> +> if (output<fee): +> limit lifetime of the UTXO to 10 years. +> if (output>fee): +> unlimited lifetime +> +> Then, when a user creates a transaction, he can decide whether he wants to +> have limited or unlimited lifetime. The rationale for limiting the lifetime +> for (output<fee) transactions is that they may have no inherent economic +> incentive to be spend. +> + +If you think demurrage has a bad rep, wait until you see the response to +escheatment (which is what's really being proposed here). + +UTXO growth over time is worst-case linear, while computational resources +increase exponentially. Mike nailed it on the head: all of this is a +solution in search of a problem. + +Mark + +--e89a8f3ba6e3e135e204d7aac43a +Content-Type: text/html; charset=UTF-8 +Content-Transfer-Encoding: quoted-printable + +<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On M= +on, Mar 11, 2013 at 11:17 AM, Benjamin Lindner <span dir=3D"ltr"><<a hre= +f=3D"mailto:ben@benlabs.net" target=3D"_blank">ben@benlabs.net</a>></spa= +n> wrote:<br> +<blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-= +left:1px solid rgb(204,204,204);padding-left:1ex"><div class=3D"im">> Ju= +st activate a non-proportional<br> +</div><div class=3D"im">> demurrage (well, I won't complain if you j= +ust turn bitcoin into<br> +> freicoin, just think that non-proportional would be more acceptable by= +<br> +> most bitcoiners) that incentives old transactions to be moved<br> +<br> +</div>You could delegate the decision to the user with a rule like:<br> +<br> +if (output<fee):<br> +=C2=A0limit lifetime of the UTXO to 10 years.<br> +if (output>fee):<br> +=C2=A0unlimited lifetime<br> +<br> +Then, when a user creates a transaction, he can decide whether he wants to = +have limited or unlimited lifetime. The rationale for limiting the lifetime= + for (output<fee) transactions is that they may have no inherent economi= +c incentive to be spend.<br> +</blockquote></div><br></div><div class=3D"gmail_extra"></div><div class=3D= +"gmail_extra">If you think demurrage has a bad rep, wait until you see the = +response to escheatment (which is what's really being proposed here).<b= +r> +<br>UTXO growth over time is worst-case linear, while computational resourc= +es increase exponentially. Mike nailed it on the head: all of this is a sol= +ution in search of a problem.<br><br></div><div class=3D"gmail_extra">Mark<= +br> +</div></div> + +--e89a8f3ba6e3e135e204d7aac43a-- + + |