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authorGregory Maxwell <gmaxwell@gmail.com>2013-04-09 20:58:40 -0700
committerbitcoindev <bitcoindev@gnusha.org>2013-04-10 03:58:53 +0000
commited2bedf009f839a3011c3a2b997c11b61f956ecf (patch)
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parent4e7c9a2c4d10e63f043b01a5b55b8f167be6379e (diff)
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Re: [Bitcoin-development] To prevent arbitrary data storage in txouts — The Ultimate Solution
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+Cc: Bitcoin Development <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development]
+ =?utf-8?q?To_prevent_arbitrary_data_storage?=
+ =?utf-8?q?_in_txouts_=E2=80=94_The_Ultimate_Solution?=
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+On Tue, Apr 9, 2013 at 8:52 PM, Robert Backhaus <robbak@robbak.com> wrote:
+> That sounds workable. I take it that the P2SH address is not stored? I li=
+ke
+> it that this denies the possibility of storing data in the block chain, b=
+ut
+> does not block interesting uses like creating date stamps - You can still
+> store the 'fake P2SH' value whose checksum is secured by the blockchain.
+
+Correct. It doesn't prevent value commitment (which is actually what
+we need for our currency use), just data storage.
+
+And as Peter points out=E2=80=94 you could try to store a little data, but
+that has a computational cost which is exponential in the amount of
+data stored per output. ... like storing data in values, thats awkward
+enough to not be especially problematic, I expect.
+
+