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authorMichael Gronager <gronager@ceptacle.com>2012-12-03 14:04:22 +0100
committerbitcoindev <bitcoindev@gnusha.org>2012-12-03 13:04:35 +0000
commitdd70a845d841d2ccbaa4c93f9dfc01cfb1d5f691 (patch)
tree57d3531f8798aaf09b3f878c64b28b95c00e9686
parent96ed3f2d95d7180a658dff90657166119c38d8a1 (diff)
downloadpi-bitcoindev-dd70a845d841d2ccbaa4c93f9dfc01cfb1d5f691.tar.gz
pi-bitcoindev-dd70a845d841d2ccbaa4c93f9dfc01cfb1d5f691.zip
Re: [Bitcoin-development] Chain dust mitigation: Demurrage based Chain Vacuuming
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+Subject: Re: [Bitcoin-development] Chain dust mitigation: Demurrage based
+ Chain Vacuuming
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+
+> 1) Wouldn't the need to re-transact your coins to keep them safe from =
+"vultures", result in people frantically sending coins to themselves, =
+and thus expand the block chain, instead of reduce growth?
+
+Not at the rate suggested
+
+> 2) putting those hard limits in passes a value judgement that IMO =
+should not be present in the protocol. <1BTC may be worth a lot some =
+day, or it could go the other way around, with dust spam of 10+ BTC. =
+Either way the limits will have to be changed again, with yet another =
+fork.
+
+Well, retransmitting 1BTC ones every 4 years isn't that bad. So I don't =
+see a need for another fork for this reason.
+
+> 3) The (normal) user does not have a view of his balance consisting of =
+inputs and outputs of various sizes. He just sees his balance as one =
+number. And somehow, inexplicably (except through a very difficult =
+explanation), it's going down... what if he has 10000 BTC in 0.9999999 =
+BTC units? Annnnnd it's gone after 210000 blocks.
+
+Agree to this - and also to the fact that it will be hard to introduce - =
+it would be changing the protocol quite a lot (perhaps too much).
+
+A better set of relay fee rules rewarding a decrease in # UTXOs is =
+probably the (easiest) way forward.
+
+/M
+>=20
+
+
+