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authorWarren Togami Jr. <wtogami@gmail.com>2014-02-28 04:42:14 -1000
committerbitcoindev <bitcoindev@gnusha.org>2014-02-28 14:42:21 +0000
commita56ee60cd375e56e4a0b0caf8be0379b13a10a27 (patch)
tree86852c4c0be96fd3dca4a129ed2cdb8be0936b9d
parent1b9b60915ac3d48e2cb84f8252c265d1128e9dff (diff)
downloadpi-bitcoindev-a56ee60cd375e56e4a0b0caf8be0379b13a10a27.tar.gz
pi-bitcoindev-a56ee60cd375e56e4a0b0caf8be0379b13a10a27.zip
Re: [Bitcoin-development] On OP_RETURN in upcoming 0.9 release
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+Date: Fri, 28 Feb 2014 04:42:14 -1000
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+From: "Warren Togami Jr." <wtogami@gmail.com>
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+Subject: Re: [Bitcoin-development] On OP_RETURN in upcoming 0.9 release
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+--047d7bfeafd49b2f4504f37871de
+Content-Type: text/plain; charset=UTF-8
+
+On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes <hozer@hozed.org> wrote:
+
+>
+> Either the transaction fees are sufficient to pay the cost for whatever
+> random junk anyone wants to put there, or they are not, and if they are
+> not, then I suggest you re-think the fee structure rather than trying
+> to pre-regulate me putting 80 character pithy quotes in the blockhain.
+>
+>
+https://github.com/litecoin-project/litecoin/commit/db4d8e21d99551bef4c807aa1534a074e4b7964d
+
+In one way in particular, the transaction fees per kilobyte completely
+failed to account for the actual cost to the network. If Bitcoin had
+adopted a common-sense rule like this, I would have had no reason to join
+Litecoin development last year. This is one of the few economic design
+flaws that Satoshi overlooked in the original design.
+
+As much as I personally hate the idea of data storage in the blockchain,
+this at least discourages the creation of permanent UTXO.
+
+Warren Togami
+
+--047d7bfeafd49b2f4504f37871de
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div>On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes <sp=
+an dir=3D"ltr">&lt;<a href=3D"mailto:hozer@hozed.org" target=3D"_blank">hoz=
+er@hozed.org</a>&gt;</span> wrote:<br></div><div class=3D"gmail_extra"><div=
+ class=3D"gmail_quote">
+<blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-=
+left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;p=
+adding-left:1ex"><br>
+Either the transaction fees are sufficient to pay the cost for whatever<br>
+random junk anyone wants to put there, or they are not, and if they are<br>
+not, then I suggest you re-think the fee structure rather than trying<br>
+to pre-regulate me putting 80 character pithy quotes in the blockhain.<br>
+<div class=3D""><div class=3D"h5"><br></div></div></blockquote><div><br></d=
+iv><a href=3D"https://github.com/litecoin-project/litecoin/commit/db4d8e21d=
+99551bef4c807aa1534a074e4b7964d">https://github.com/litecoin-project/liteco=
+in/commit/db4d8e21d99551bef4c807aa1534a074e4b7964d</a><br>
+<div><br></div><div>In one way in particular, the transaction fees per kilo=
+byte completely failed to account for the actual cost to the network. =C2=
+=A0If Bitcoin had adopted a common-sense rule like this, I would have had n=
+o reason to join Litecoin development last year. =C2=A0This is one of the f=
+ew economic design flaws that Satoshi overlooked in the original design.</d=
+iv>
+<div><br></div><div>As much as I personally hate the idea of data storage i=
+n the blockchain, this at least discourages the creation of permanent UTXO.=
+</div><div><br></div><div>Warren Togami</div></div></div></div>
+
+--047d7bfeafd49b2f4504f37871de--
+
+