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Date: Sun, 19 Jun 2022 07:04:50 -0400
From: Peter Todd <pete@petertodd.org>
To: "Undiscussed Horrific Abuse, One Victim of Many" <gmkarl@gmail.com>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Message-ID: <Yq8C0ngC8XhMHb3y@petertodd.org>
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Subject: Re: [bitcoin-dev] Why OpenTimestamps does not "linearize" its
transactions
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On Tue, Jun 14, 2022 at 09:16:55PM -0400, Undiscussed Horrific Abuse, One V=
ictim of Many via bitcoin-dev wrote:
> I worry that this form of "rfc timestamping" misleads its users into
> believing the timestamps of their documents are preserved. These kinds
> of user interaction issues can be very dangerous.
>=20
> I would recommend uploading .ots files to chains with cheap storage,
> such as arweave or bitcoin sv.
According to Coingeek, Bitcoin SV's transaction fees are currently
0.1sats/byte. With BSV's price at $60, that works out to $644/GB.
Meanwhile, Amazon Glacier Deep Archive costs $0.012/GB/year.
Assuming a 25 year data lifetime, Bitcoin SV is still 2000x more expensive =
than
Amazon. And with the number of BSV nodes quickly dwindling, I'd be inclined=
to
trust Amazon more for long term storage.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
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