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From: Tom Zander <tomz@freedommail.ch>
To: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Date: Mon, 17 Jul 2017 15:40:29 +0200
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Subject: Re: [bitcoin-dev] A BIP proposal for conveniently referring to
confirmed transactions
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On Friday, 14 July 2017 20:43:37 CEST Clark Moody via bitcoin-dev wrote:
> I can understand the desire to keep all reference strings to the nice
> 14-character version by keeping the data payload to 40 bits
I=E2=80=99m not so clear on this, to be honest.
What is the point of having a user-readable tx-reference?
In the actual blockchain you will still be using txid, and if you want to=20
change that then a less readable but more compact format is useful because=
=20
we want to optimize for space, not for human comprehention.
Another usecase I can come up with is you wanting to spend a specific outpu=
t,=20
or you reporting a specific tx as proof to a merchant (or tax office).
=46or any such usecases you sill need to actually provide a proof of holdin=
g=20
the private keys and using a human-readable format just doesn=E2=80=99t see=
m to make=20
much sense because a cryptographic proof of ownership is not going to be=20
readable however hard you try.
Apologies for missing the point,
can you list one or two usecases that you can see this being used for?
=2D-=20
Tom Zander
Blog: https://zander.github.io
Vlog: https://vimeo.com/channels/tomscryptochannel
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