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authorChristopher Gilliard <christopher.gilliard@gmail.com>2021-04-17 16:57:34 +0000
committerbitcoindev <bitcoindev@gnusha.org>2021-04-17 16:57:49 +0000
commit37073d64bda0d76cff85cf7c17e6eac972905b54 (patch)
tree434d2f7dda954e2e295230238c3fb1e3bd55a1b4 /fa/8c98b2988aef13a6ac7b1de1567cee562c29fe
parentd02a1acfc9e5688e68ddfc65be1cb364f1923398 (diff)
downloadpi-bitcoindev-37073d64bda0d76cff85cf7c17e6eac972905b54.tar.gz
pi-bitcoindev-37073d64bda0d76cff85cf7c17e6eac972905b54.zip
Re: [bitcoin-dev] BIP - limiting OP_RETURN / HF
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+From: Christopher Gilliard <christopher.gilliard@gmail.com>
+Date: Sat, 17 Apr 2021 16:57:34 +0000
+Message-ID: <CAK=nyAzZ5zXt3e68coXMYBhLri4FcCr=kAAo05oiGPVoGH4Ujg@mail.gmail.com>
+To: Peter Todd <pete@petertodd.org>
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+Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
+Subject: Re: [bitcoin-dev] BIP - limiting OP_RETURN / HF
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+
+Peter, thanks for the links. I'm aware that there are other timestamping
+aggregation services that already exist, but I had some different ideas
+that integrate into some other services. Also thanks for sending the link
+to the single use seal asset transfer. I will take a look at that.
+
+On Sat, Apr 17, 2021 at 3:50 PM Peter Todd <pete@petertodd.org> wrote:
+
+> On Sat, Apr 17, 2021 at 03:57:55AM +0000, Christopher Gilliard via
+> bitcoin-dev wrote:
+> > Thanks ZmnSCPxj. Yes, I agree there are many ways to embed arbitrary data
+> > in the blockchain and it's not feasible to block all of them. That is why
+> > it's important to, at the same time as limiting the OP_RETURN to one per
+> > block, also propose and implement a layer 2 solution for timestamping
+> > so people have a clear and simple upgrade path. That is what I will be
+> > discussing in one of the BIPs I intend to release early next week.
+>
+> Note that an aggregated timestamping service already exists:
+>
+> https://petertodd.org/2016/opentimestamps-announcement
+>
+> But timestamping is useless for most things people want to do, as it can't
+> commit to a unique history. It merely proves something existed in the
+> past. For
+> uniqueness, you need something like:
+>
+> https://petertodd.org/2017/scalable-single-use-seal-asset-transfer
+>
+>
+> Anyway, at current fees being what they are there's no compelling reason
+> to try
+> to prevent people from embedding data in the Bitcoin block chain with
+> consensus
+> changes. Economics is preventing that just fine.
+>
+> --
+> https://petertodd.org 'peter'[:-1]@petertodd.org
+>
+
+--000000000000d6bd6005c02dfede
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr">Peter, thanks for the links. I&#39;m aware that there are =
+other timestamping aggregation services that already exist, but I had some =
+different ideas that integrate into some other services. Also thanks for se=
+nding the link to the single use seal asset transfer. I will take a look at=
+ that.</div><br><div class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gmail_=
+attr">On Sat, Apr 17, 2021 at 3:50 PM Peter Todd &lt;<a href=3D"mailto:pete=
+@petertodd.org">pete@petertodd.org</a>&gt; wrote:<br></div><blockquote clas=
+s=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-left:1px solid r=
+gb(204,204,204);padding-left:1ex">On Sat, Apr 17, 2021 at 03:57:55AM +0000,=
+ Christopher Gilliard via bitcoin-dev wrote:<br>
+&gt; Thanks ZmnSCPxj. Yes, I agree there are many ways to embed arbitrary d=
+ata<br>
+&gt; in the blockchain and it&#39;s not feasible to block all of them. That=
+ is why<br>
+&gt; it&#39;s important to, at the same time as limiting the OP_RETURN to o=
+ne per<br>
+&gt; block, also propose and implement a layer 2 solution for timestamping<=
+br>
+&gt; so people have a clear and simple upgrade path. That is what I will be=
+<br>
+&gt; discussing in one of the BIPs I intend to release early next week.<br>
+<br>
+Note that an aggregated timestamping service already exists:<br>
+<br>
+<a href=3D"https://petertodd.org/2016/opentimestamps-announcement" rel=3D"n=
+oreferrer" target=3D"_blank">https://petertodd.org/2016/opentimestamps-anno=
+uncement</a><br>
+<br>
+But timestamping is useless for most things people want to do, as it can&#3=
+9;t<br>
+commit to a unique history. It merely proves something existed in the past.=
+ For<br>
+uniqueness, you need something like:<br>
+<br>
+<a href=3D"https://petertodd.org/2017/scalable-single-use-seal-asset-transf=
+er" rel=3D"noreferrer" target=3D"_blank">https://petertodd.org/2017/scalabl=
+e-single-use-seal-asset-transfer</a><br>
+<br>
+<br>
+Anyway, at current fees being what they are there&#39;s no compelling reaso=
+n to try<br>
+to prevent people from embedding data in the Bitcoin block chain with conse=
+nsus<br>
+changes. Economics is preventing that just fine.<br>
+<br>
+-- <br>
+<a href=3D"https://petertodd.org" rel=3D"noreferrer" target=3D"_blank">http=
+s://petertodd.org</a> &#39;peter&#39;[:-1]@<a href=3D"http://petertodd.org"=
+ rel=3D"noreferrer" target=3D"_blank">petertodd.org</a><br>
+</blockquote></div>
+
+--000000000000d6bd6005c02dfede--
+