[Bitcoin-development] On OP_RETURN in upcoming 0.9 release

[Justus Ranvier]

On 02/28/2014 07:25 PM, Mark Friedenbach wrote:
> Transaction fees are a DoS mitigating cost to the person making the
> transaction, but they are generally not paid to the people who
> actually incur costs in validating the blockchain. Actual transaction
> processing costs are an externality that is completely unpaid for.

What that means is the network layer is broken and needs to be fixed.

Bitcoin is the blockchain, not the P2P network. If the existing network
is not incentive compatible, then that's the root cause which should be
addressed.

There's no reason to enshrine the broken behavior and use it as a
roadblock to stop progress.


-- 
Support online privacy by using email encryption whenever possible.
Learn how here: http://www.youtube.com/watch?v=bakOKJFtB-k
-------------- next part --------------
A non-text attachment was scrubbed...
Name: 0x1B438BF4.asc
Type: application/pgp-keys
Size: 21191 bytes
Desc: not available
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140228/28259854/attachment.bin>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: signature.asc
Type: application/pgp-signature
Size: 555 bytes
Desc: OpenPGP digital signature
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140228/28259854/attachment.sig>