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Date: Thu, 10 Sep 2015 14:32:37 -0700
Message-ID: <CAOG=w-vsp6Oxx3WsjVoQ9xO41SqgUMw97h0Ba1jSd9s=KZL6wQ@mail.gmail.com>
From: Mark Friedenbach <mark@friedenbach.org>
To: "essofluffy ." <d.dehueck@gmail.com>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Named Bitcoin Addresses
Precedence: list

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Are you aware of the payment protocol?
On Sep 10, 2015 2:12 PM, "essofluffy . via bitcoin-dev" <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Hi Everyone,
>
> An issue I'm sure everyone here is familiar with is the problem concernin=
g
> the fact that Bitcoin addresses are too complex to memorize and share.
> Current Bitcoin addresses can be very intimidating to new users. As Bitco=
in
> grows it's necessary to provide a much more user friendly experience to t=
he
> end user. I think that having the capability to assign a unique name to a
> Bitcoin address is in the best interest of Bitcoin and it's users.
> I've recently come up with a method for assigning a unique name to a
> specific Bitcoin address. I'm looking to get some feedback/criticism on
> this method that I have detailed below.
>
> Let=E2=80=99s run through Bob and Alice transacting with a Named Bitcoin =
Address.
> Bob wants to collect a payment from Alice for a service/good he is
> selling, but Alice wants to pay from her home computer where she securely
> keeps all her Bitcoin. So now Bob needs to give Alice his Bitcoin address
> and because Bob is using a Named Bitcoin Address and a supported wallet h=
e
> can give her an easy to memorize and hard to mess up address. Bob=E2=80=
=99s address
> is simply =E2=80=98SendBitcoinsToBob=E2=80=99 which can easily be written=
 down or
> memorized. Now Alice can go home send the Bitcoin from her own supported
> wallet and be positive that she sent it to Bob.
>
> Let=E2=80=99s look at how Bob=E2=80=99s supported wallet made that addres=
s.
>
> First Bob let=E2=80=99s his wallet know that he wants to create a new add=
ress. In
> response, his wallet simply asks him what he wants that address to be
> named. Bob then enters =E2=80=98SendBitcoinsToBob=E2=80=99 as his preferr=
ed address name.
> The wallet then let=E2=80=99s Bob know if his preferred address name is a=
vailable.
> If it=E2=80=99s available the name is broadcasted to the network and read=
y to use.
>
> Now let=E2=80=99s get a little more technical.
>
> When Bob inputs his preferred address name the client has to make sure
> this name hasn=E2=80=99t been taken or else who knows where Alice will be=
 sending
> her Bitcoins. The client does this by referencing a downloaded =E2=80=9Cd=
irectory=E2=80=9D
> of names chosen by people using this system. This directory of names are
> transactions sent to an address without a private key (but still viewable
> on the blockchain) with the name appended to the transactions as an
> OP_RETURN output. These transactions are downloaded or indexed, depending
> on whether or not the wallet contains the full Blockchain or is an SPV
> wallet. Because of such a large amount of possible address names a binary
> search method is used to search through all this data efficiently. The
> names could be sorted in two ways, the first being the first character an=
d
> the second being the total length of the name (I will being exploring
> additional methods to make this process more efficient). So now that Bob=
=E2=80=99s
> client has verified that the name has not been taken and is valid (valid
> meaning it's under 35 bytes long and only using chars 0-9 and a-z) it sen=
ds
> a transaction of 1 satoshi and a small fee to the address without a priva=
te
> key as talked about earlier. The transaction's OP_RETURN output consists =
of
> two parts. The implementation version of this method (up to 8 characters)
> and the name itself (up to 32 characters). Once the transaction is
> broadcasted to the network and confirmed the name is ready to be used.
>
> Let=E2=80=99s look at how Alice=E2=80=99s supported wallet sends her Bitc=
oin to Bob=E2=80=99s
> Named Bitcoin Address.
>
> When Alice enters in Bob=E2=80=99s address, =E2=80=98SendBitcoinsToBob=E2=
=80=99 Alice=E2=80=99s client
> references the same =E2=80=9Cdirectory=E2=80=9D as Bob only on her device=
 and searches for
> the OP_RETURN output of =E2=80=98SendBitcoinsToBob=E2=80=99 using a very =
similar binary
> search method as used for the verification of the availability of an
> address name. If a name isn=E2=80=99t found the client would simply retur=
n an
> error. If the name is found then the client will pull the information of
> that transaction and use the address it was sent from as the address to
> send the Bitcoin to.
>
> Essentially what this idea describes is a method to assign a name to a
> Bitcoin address in a way that is completely verifiable and independent of=
 a
> third party.
>
> Please ask your questions and provide feedback.
>
> - Devin
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>

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<p dir=3D"ltr">Are you aware of the payment protocol?</p>
<div class=3D"gmail_quote">On Sep 10, 2015 2:12 PM, &quot;essofluffy . via =
bitcoin-dev&quot; &lt;<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.o=
rg">bitcoin-dev@lists.linuxfoundation.org</a>&gt; wrote:<br type=3D"attribu=
tion"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-l=
eft:1px #ccc solid;padding-left:1ex"><font size=3D"2"><span style=3D"backgr=
ound-color:rgba(255,255,255,0)">Hi Everyone,=C2=A0</span></font><div><font =
size=3D"2"><span style=3D"background-color:rgba(255,255,255,0)"><br></span>=
</font></div><div><font size=3D"2"><span style=3D"background-color:rgba(255=
,255,255,0)">An issue I&#39;m sure everyone here is familiar with is the pr=
oblem concerning the fact that=C2=A0Bitcoin addresses are too complex=C2=A0=
to memorize and share. Current Bitcoin addresses can be very intimidating t=
o new users. As Bitcoin grows it&#39;s necessary to provide a much more use=
r friendly experience to the end user. I think that having the capability t=
o assign a unique=C2=A0name to a Bitcoin address is in the best interest of=
 Bitcoin and it&#39;s users.<br></span></font></div><div><font size=3D"2"><=
span style=3D"background-color:rgba(255,255,255,0)">I&#39;ve recently come =
up with a method for assigning a unique name to a specific Bitcoin address.=
 I&#39;m looking to get some feedback/criticism on this method that I have =
detailed below.</span></font></div><div><font size=3D"2"><span style=3D"bac=
kground-color:rgba(255,255,255,0)"><br></span></font></div><div><font size=
=3D"2"><span style=3D"background-color:rgba(255,255,255,0)">Let=E2=80=99s r=
un through Bob and Alice transacting with a=C2=A0Named Bitcoin Address.</sp=
an></font></div><div><font size=3D"2"><span style=3D"background-color:rgba(=
255,255,255,0)">Bob wants to collect a payment from Alice for a service/goo=
d he is selling, but Alice wants to pay from her home computer where she se=
curely keeps all her Bitcoin. So now Bob needs to give Alice his Bitcoin ad=
dress and because Bob is using a Named Bitcoin Address and a=C2=A0supported=
 wallet he can give her an easy to memorize and hard to mess up address. Bo=
b=E2=80=99s address is simply =E2=80=98SendBitcoinsToBob=E2=80=99 which can=
 easily be written down or memorized. Now Alice can go home send the Bitcoi=
n from her own supported wallet and be positive that she sent it to Bob.</s=
pan></font></div><div><font size=3D"2"><span style=3D"background-color:rgba=
(255,255,255,0)"><br></span></font></div><div><font size=3D"2"><span style=
=3D"background-color:rgba(255,255,255,0)">Let=E2=80=99s look at how Bob=E2=
=80=99s supported wallet made that address.</span></font></div><div><font s=
ize=3D"2"><span style=3D"background-color:rgba(255,255,255,0)"><br></span><=
/font></div><div><font size=3D"2"><span style=3D"background-color:rgba(255,=
255,255,0)">First Bob let=E2=80=99s his wallet know that he wants to create=
 a new address. In response, his wallet simply asks him what he wants that =
address to be named. Bob then enters =E2=80=98SendBitcoinsToBob=E2=80=99 as=
 his preferred address name. The wallet then let=E2=80=99s Bob know if his =
preferred address name is available. If it=E2=80=99s available the name is =
broadcasted to the network and ready to use.</span></font></div><div><font =
size=3D"2"><span style=3D"background-color:rgba(255,255,255,0)"><br></span>=
</font></div><div><font size=3D"2"><span style=3D"background-color:rgba(255=
,255,255,0)">Now let=E2=80=99s get a little more technical.</span></font></=
div><div><font size=3D"2"><span style=3D"background-color:rgba(255,255,255,=
0)"><br></span></font></div><div><font size=3D"2"><span style=3D"background=
-color:rgba(255,255,255,0)">When Bob inputs his preferred address name the =
client has to make sure this name hasn=E2=80=99t been taken or else who kno=
ws where Alice will be sending her Bitcoins. The client does this by refere=
ncing a downloaded =E2=80=9Cdirectory=E2=80=9D of names chosen by people us=
ing this system. This directory of names are transactions sent to an addres=
s without a private key (but still viewable on the blockchain) with the nam=
e appended to the transactions as an OP_RETURN output. These transactions=
=C2=A0are=C2=A0downloaded or indexed, depending on whether or not the walle=
t contains the full Blockchain or is an SPV wallet. Because of such a large=
 amount of possible address names a binary search method is used to search =
through all this data efficiently. The names could be sorted in two ways, t=
he first being the first character and the second being the total length of=
 the name (I will being exploring additional methods to make this process m=
ore efficient). So now that Bob=E2=80=99s client has verified that the name=
 has not been taken and is valid (valid meaning it&#39;s under 35 bytes lon=
g and only using chars 0-9 and a-z) it sends a transaction of 1 satoshi=C2=
=A0and a small fee to the address without a private key as talked about ear=
lier. The transaction&#39;s=C2=A0OP_RETURN output=C2=A0consists=C2=A0of two=
 parts. The implementation version of this method=C2=A0(up to 8=C2=A0charac=
ters) and the name itself (up to 32=C2=A0characters). Once the transaction =
is broadcasted to the network and confirmed the name is=C2=A0ready to be us=
ed.</span></font></div><div><font size=3D"2"><span style=3D"background-colo=
r:rgba(255,255,255,0)"><br></span></font></div><div><font size=3D"2"><span =
style=3D"background-color:rgba(255,255,255,0)">Let=E2=80=99s look at how Al=
ice=E2=80=99s supported wallet sends her Bitcoin to Bob=E2=80=99s Named Bit=
coin Address.=C2=A0</span></font></div><div><font size=3D"2"><span style=3D=
"background-color:rgba(255,255,255,0)"><br></span></font></div><div><font s=
ize=3D"2"><span style=3D"background-color:rgba(255,255,255,0)">When Alice e=
nters in Bob=E2=80=99s address, =E2=80=98SendBitcoinsToBob=E2=80=99 Alice=
=E2=80=99s client references the same =E2=80=9Cdirectory=E2=80=9D as Bob on=
ly on her device and searches for the OP_RETURN output of =E2=80=98SendBitc=
oinsToBob=E2=80=99 using a very similar binary search method as used for th=
e verification of the availability of an address name. If a name isn=E2=80=
=99t found the client would simply return an error. If the name is found th=
en the client will pull the information of that transaction and use the add=
ress it was sent from as the address to send the Bitcoin to.</span></font><=
/div><div><font size=3D"2"><span style=3D"background-color:rgba(255,255,255=
,0)"><br></span></font></div><div><font size=3D"2"><span style=3D"backgroun=
d-color:rgba(255,255,255,0)">Essentially what this idea=C2=A0describes=C2=
=A0is a method to assign a name to a Bitcoin address in a way that is compl=
etely verifiable and independent of a third party.</span></font></div><div>=
<font size=3D"2"><span style=3D"background-color:rgba(255,255,255,0)"><br><=
/span></font></div><div><font size=3D"2"><span style=3D"background-color:rg=
ba(255,255,255,0)">Please ask your questions and provide feedback.</span></=
font></div><div><font size=3D"2"><span style=3D"background-color:rgba(255,2=
55,255,0)"><br></span></font></div><div><font size=3D"2"><span style=3D"bac=
kground-color:rgba(255,255,255,0)">- Devin</span></font></div><div><font si=
ze=3D"2"><span style=3D"background-color:rgba(255,255,255,0)">=C2=A0</span>=
</font></div>
<br>_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.=
linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
man/listinfo/bitcoin-dev</a><br>
<br></blockquote></div>

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