Re: [Bitcoin-development] BIP 65 and OP_CHECKLOCKTIMEVERIFY inquiry...

[Flavien Charlon <flavien.charlon@coinprism.com>]

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> This breaks existing invariants and would make the coins potentially less
fungible because they wouldn't be reorg safe.

I'm not sure coins are ever reorg safe. All it takes is a double spend in
the history of your coins for them to become invalid after a reorg. Because
of that, there are already less fungible coins. This is why we recommend 6
confirmations for important payments.

On Fri, Nov 28, 2014 at 3:18 AM, Peter Todd <pete@petertodd.org> wrote:

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> On 27 November 2014 18:46:23 GMT-05:00, Gregory Maxwell <
> gmaxwell@gmail.com> wrote:
>
> <snip 100% accurate commentary from gmaxwell>
>
> >The things you're suggesting were all carefully designed out of the
> >proposal, perhaps the BIP text needs some more clarification to make
> >this more clear.
>
> It does; it is still a draft. That said I think writing up some actual
> working examples, in code, of CHECKLOCKTIMEVERIFY using protocols is a
> bigger priority. Micropayment channels comes to mind, as well as a
> greenaddress-style wallet.
>
> When I get a chance I'm going to rebase the initial implementation and add
> to it a command-line-flag to verify CHECKLOCKTIMEVERIFY as an IsStandard()
> rule for testing purposes.
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