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From: Peter Todd <pete@petertodd.org>
Date: Wed, 06 Aug 2014 10:34:21 -0700
To: Mark Friedenbach <mark@monetize.io>, Tom Harding <tomh@thinlink.com>,
Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
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Subject: Re: [Bitcoin-development] deterministic transaction expiration
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-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
On 6 August 2014 10:21:56 GMT-07:00, Mark Friedenbach <mark@monetize.io> wrote:
>On 08/06/2014 01:02 PM, Tom Harding wrote:
>> With first-eligible-height and last-eligible-height, creator could
>> choose a lifetime shorter than the max, and in addition, lock the
>whole
>> thing until some point in the future.
>
>Note that this would be a massive, *massive* change that would
>completely break bitcoin output frangibility. Merchants would have to
>start demanding input history back to a certain depth in order to
>ensure
>they are not exposing themselves to undue reorg-expiry risk.
Bitcoin is already "broken" in that regard due to malleability, and more fundamentally, the existence of anyone-can-spend outputs, known private keys, SIGHASH_ANYONECANPAY, etc.
In any case, reorg-doublespend risk is no different than reorg-expiry risk.
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