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Date: Mon, 8 Jun 2015 18:28:16 -0400
From: Peter Todd <pete@petertodd.org>
To: Bob McElrath <bob_bitcoin@mcelrath.org>
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Cc: "Patrick Mccorry \(PGR\)" <patrick.mccorry@newcastle.ac.uk>,
Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] New attack identified and potential
solution described: Dropped-transaction spam attack against the block size
limit
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On Mon, Jun 08, 2015 at 06:06:00PM -0400, Bob McElrath wrote:
> There was this wonderful technology invented a few years ago to deal with=
spam. It's called Hashcash. All these hacky heuristics like block size are=
just dancing around the problem, and the natural solution is already prese=
nt in bitcoin: smaller blocks, (down to the point of individual transaction=
s) each mined. Don't relay things that haven't been mined. As spam or trans=
action levels go up, mining targets for submission go up too.
You know, you can think of Bitcoin as a system that maintains a ledger
for transferrable hashcash... Which means transaction fees *are* paid in
hashcash.
--=20
'peter'[:-1]@petertodd.org
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