[Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks
jgarzik at bitpay.com
Sun Jun 2 17:35:10 UTC 2013
On Sun, Jun 2, 2013 at 2:13 AM, Peter Todd <pete at petertodd.org> wrote:
> I'd say we tell people to sacrifice to (provably) unspendable for now
> and do a soft-fork later if there is real demand for this stuff in the
That seems fair.
In general, people are actively bloating the UTXO set with unspendable
outputs (that cannot be 100% proven unspendable). Provably
unspendable seems like an improvement on long term UTXO health.
It is a fair criticism that this inches the incentives, a bit, towards
timestamping and other non-currency uses. But those uses (a) cannot
be prevented and (b) have already been automated anyway (e.g. the
python upload/download tools stored in-chain).
I do think the overwhelming majority of users are invested in
bitcoin-the-currency (or bitcoin-the-commodity, take your pick), i.e.
the value proposition. That's our 98% use case. Given the relative
volumes of traffic, timestamping/data storage/messaging is essentially
getting a free ride. So IMO it is worth continuing to explore
/disincentives/ for use of the blockchain for data storage and
messaging, for the rare times where a clear currency-or-data-storage
incentive is available.
Senior Software Engineer and open source evangelist
BitPay, Inc. https://bitpay.com/
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