[Bitcoin-development] On OP_RETURN in upcoming 0.9 release

Warren Togami Jr. wtogami at gmail.com
Fri Feb 28 14:42:14 UTC 2014

On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes <hozer at hozed.org> wrote:

> Either the transaction fees are sufficient to pay the cost for whatever
> random junk anyone wants to put there, or they are not, and if they are
> not, then I suggest you re-think the fee structure rather than trying
> to pre-regulate me putting 80 character pithy quotes in the blockhain.

In one way in particular, the transaction fees per kilobyte completely
failed to account for the actual cost to the network.  If Bitcoin had
adopted a common-sense rule like this, I would have had no reason to join
Litecoin development last year.  This is one of the few economic design
flaws that Satoshi overlooked in the original design.

As much as I personally hate the idea of data storage in the blockchain,
this at least discourages the creation of permanent UTXO.

Warren Togami
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