[bitcoin-dev] Payment address tokens
luke at dashjr.org
Wed Mar 15 04:03:40 UTC 2017
I've put together a fairly incomplete BIP draft for a new stateless address
format that aims to address the many shortcomings of current addresses,
- Current addresses special-case specific transaction types, and have needed
sender-side upgrades for new types.
- Outputs are produced which cannot be distinguished from disguised data
storage, making spam detection harder.
- Privacy is severely harmed by reuse of addresses.
- Funds can be lost due to (accidental or intentional) reuse of very old
A downside of this approach is that parsing addresses to outputs can be
complicated, but this is resolvable by writing libraries for popular
Thoughts on how it might be improved, before I get too deep into the current
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