[bitcoin-dev] How to preserve the value of coins after a fork.

Emin Gün Sirer el33th4x0r at gmail.com
Wed Dec 30 20:22:43 UTC 2015

On Wed, Dec 30, 2015 at 3:16 PM, Peter Todd <pete at petertodd.org> wrote:

> Note how transaction malleability can quickly sabotage naive notions of
> this idea.

Bitcoin-United relies on a notion of transaction equivalence that doesn't
involve the transaction hash at all, so it should be immune to malleability
issues and compatible with segwit.

>From the post, two transactions are equal if they "consume the same inputs
and result in the same outputs, not counting the miner fee. Simple
pay-to-pubkey-hash and pay-to-script-hash transactions are straightforward.
Multikey transactions are evaluated for equivalency by their inputs and
outputs, so it is allowable for a 2-out-of-3 payment to be signed by one
set of two keys on Dum and another set of two keys on Dee, as long as the
transaction consumes the same coins and produces the same outputs. Not that
we'll ever encounter such a case, but making this point helps pedagogically
with getting across the notion of transaction equivalence. What counts are
the consumed inputs and the destination and amounts of the outputs."

But you're right, if a naive implementation were to just use the
transaction hash, the result would be a mess.

- egs
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