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From: Terry McLaughlin <papawnana4541@gmail.com>
To: Brandon Smith <freedom@reardencode.com>,
	 Bitcoin Protocol Discussion
	<bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A BIP proposal for transactions that are 'cancellable'
Date: Fri, 7 Sep 2018 00:02:29 -0500	[thread overview]
Message-ID: <CAHDfhJpt2Uust5LFX5GyGHDqP_NR9u7a=PUDTgN74zUxZK-A-g@mail.gmail.com> (raw)
In-Reply-To: <20180906203244.GQ62902@hank.reardencode.com>

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Please help me guide me in the direction I need to go

On Thursday, September 6, 2018, Brandon Smith via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> I made a similar proposal about 7 months ago, and documented some of the
> discussion points here:
>
> https://github.com/reardencode/bips/blob/reverselocktime/bip-0zzz.
> mediawiki
>
> On 2018-09-06 (Thu) at 15:16:34 +0000, Gregory Maxwell via bitcoin-dev
> wrote:
> > Functionality such as this does not currently exist not because no one
> > thought of it before, but because it has been proposed many times
> > before and determined to be harmful.  The existing design of CLTV/CSV
> > were carefully constructed to make it impossible for a transaction to
> > go from valid to invalid based on the time. The most naive
> > construction-- e.g. push the current time/height on the stack-- would
> > have that property and was specifically avoided.
> >
> > When a spend goes from valid to invalid it means that a reorganization
> > will destroy coins even completely absent any dishonest actions of the
> > coins prior owner in the coins recent casual history. Effectively a
> > coin with any kind of non-monotone validity event in its recent
> > history functions like a recently generated coin: a coin that reorgs
> > destroy. Bitcoin addresses the issue for recently generated coins by
> > not permitting their use for 100 blocks.  I've yet to see an argument
> > for a use case for non-monotone validity that still sounds useful once
> > the negative effects are addressed (e.g. by subjecting coins that have
> > gone through them to a maturity limitation).
> > _______________________________________________
> > bitcoin-dev mailing list
> > bitcoin-dev@lists.linuxfoundation.org
> > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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  reply	other threads:[~2018-09-07  5:02 UTC|newest]

Thread overview: 11+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2018-09-06  9:19 [bitcoin-dev] A BIP proposal for transactions that are 'cancellable' Alejandro Ranchal Pedrosa
2018-09-06 13:31 ` Matt Corallo
     [not found]   ` <CABaiX-2L9oVdta=aRH91uE=iPRv4cX6zU0=+oF+2oWqnu=64YQ@mail.gmail.com>
2018-09-06 16:33     ` Matt Corallo
2018-09-07  7:07       ` Alejandro Ranchal Pedrosa
2018-09-06 15:16 ` Gregory Maxwell
2018-09-06 20:32   ` Brandon Smith
2018-09-07  5:02     ` Terry McLaughlin [this message]
2018-09-07  7:12     ` Alejandro Ranchal Pedrosa
2018-09-07 12:51       ` Brandon Smith
2018-09-07 13:47         ` TUCCI Sara
2018-09-06 16:14 ` vizeet srivastava

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