[bitcoin-dev] Payment address tokens

Luke Dashjr 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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