From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191] helo=mx.sourceforge.net) by sfs-ml-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WJOdp-0005Dz-Oz for bitcoin-development@lists.sourceforge.net; Fri, 28 Feb 2014 14:42:21 +0000 Received-SPF: pass (sog-mx-1.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.213.46 as permitted sender) client-ip=209.85.213.46; envelope-from=wtogami@gmail.com; helo=mail-yh0-f46.google.com; Received: from mail-yh0-f46.google.com ([209.85.213.46]) by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WJOdn-0000kb-VV for bitcoin-development@lists.sourceforge.net; Fri, 28 Feb 2014 14:42:21 +0000 Received: by mail-yh0-f46.google.com with SMTP id v1so748864yhn.19 for ; Fri, 28 Feb 2014 06:42:14 -0800 (PST) MIME-Version: 1.0 X-Received: by 10.236.231.101 with SMTP id k95mr3513234yhq.34.1393598534461; Fri, 28 Feb 2014 06:42:14 -0800 (PST) Received: by 10.170.58.146 with HTTP; Fri, 28 Feb 2014 06:42:14 -0800 (PST) In-Reply-To: <20140228052523.GO3180@nl.grid.coop> References: <530B8000.1070801@monetize.io> <20140228052523.GO3180@nl.grid.coop> Date: Fri, 28 Feb 2014 04:42:14 -1000 Message-ID: From: "Warren Togami Jr." To: Bitcoin Dev Content-Type: multipart/alternative; boundary=047d7bfeafd49b2f4504f37871de X-Spam-Score: -0.6 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (wtogami[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1WJOdn-0000kb-VV Subject: Re: [Bitcoin-development] On OP_RETURN in upcoming 0.9 release X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Fri, 28 Feb 2014 14:42:21 -0000 --047d7bfeafd49b2f4504f37871de Content-Type: text/plain; charset=UTF-8 On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes 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
On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes <hoz= er@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/liteco= in/commit/db4d8e21d99551bef4c807aa1534a074e4b7964d

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.

As much as I personally hate the idea of data storage i= n the blockchain, this at least discourages the creation of permanent UTXO.=

Warren Togami
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