[bitcoin-dev] [Bitcoin-development] Reusable payment codes

[Justus Ranvier]

On 22/10/15 00:53, Luke Dashjr wrote:
> Sorry for the late review. I'm concerned with the "notification address" 
> requirement, which entails address reuse and blockchain spam. Since it entails 
> address reuse, the recipient is forced to either leave them unspent forever 
> (bloating the UTXO set), or spend it which potentially compromises the private 
> key, and (combined with the payment code) possibly as much as the entire 
> wallet.
> 
> Instead, I suggest making it a single zero-value OP_RETURN output with two 
> pushes: 1) a hash of the recipient's payment code, and 2) the encrypted 
> payment code. This can be searched with standard bloom filters, or indexed 
> with whatever other optimised algorithms are desired. At the same time, it 
> never uses any space in the UTXO set, and never needs to be 
> spent/mixed/dusted.

The notification transaction portion is my least-favorite portion of the
spec, but I don't see any alternatives that provide an unambiguous
improvement, including your suggestion.

One of the most highly-weighted goals of this proposal is to be usable
on as many mobile/light wallets as possible.

I know for sure that all existing platforms for balance querying index
by address. Support for bloom filters or other querying methods is less
comprehensive, meaning the set of wallets that can support payment codes
would be smaller.

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