From: Clark Moody <clark@clarkmoody.com>
To: Bitcoin Protocol Discussion
<bitcoin-dev@lists.linuxfoundation.org>,
Christopher Gilliard <christopher.gilliard@gmail.com>
Subject: Re: [bitcoin-dev] BIP - limiting OP_RETURN / HF
Date: Fri, 16 Apr 2021 08:59:01 -0500 [thread overview]
Message-ID: <CAHGSxGuKcf4j7wzzq50pknJU1jW+FtSuPhyJNqniRmaTic6k+w@mail.gmail.com> (raw)
In-Reply-To: <CAK=nyAxOa8fsVfxucH7WTTMn25BCzgQ28h_sNsunedpCoRXjjQ@mail.gmail.com>
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Maybe I missed something, but why does this change require a hard fork?
You don't seem to provide any data as part of your rationale, so I'll
provide some context. As it stands, the chain size sits around 386 GB, with
OP_RETURN data accounting for 2.5 GB of that.
I'm also concerned about the coordination required to get into The One
OP_RETURN Per Block, as this certainly requires some measure of
centralization of that Merkle Tree construction.
Some of those OP_RETURN outputs have non-zero value. As such, those outputs
are provably unspendable, and they are essentially paying the rest of the
coin holders via supply deflation.
Finally, Bitcoin nodes may safely discard OP_RETURN outputs at any time,
since they are unspendable. Thus, nodes can clear a few GB of disk space
whenever they need it, but that data is less than 1% of the total chain
size at the time of writing.
-Clark
On Fri, Apr 16, 2021 at 8:32 AM Christopher Gilliard via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> I have created a BIP which can be found here:
> https://github.com/cgilliard/bips/blob/notarization/bip-XXXX.mediawiki
>
> I'm sending this email to start the discussion regarding this proposal. If
> there are any comments/suggestions, please let me know.
>
> Regards,
> Chris
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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next prev parent reply other threads:[~2021-04-16 13:59 UTC|newest]
Thread overview: 25+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-04-16 7:45 [bitcoin-dev] BIP - limiting OP_RETURN / HF Christopher Gilliard
2021-04-16 13:56 ` Russell O'Connor
2021-04-16 15:34 ` Christopher Gilliard
2021-04-16 15:55 ` Andrew Poelstra
2021-04-16 23:52 ` ZmnSCPxj
2021-04-17 3:57 ` Christopher Gilliard
2021-04-17 15:50 ` Peter Todd
2021-04-17 16:57 ` Christopher Gilliard
2021-04-16 13:59 ` Clark Moody [this message]
2021-04-16 15:33 ` Christopher Gilliard
2021-04-16 16:32 ` Jeremy
2021-04-16 17:05 ` Christopher Gilliard
2021-04-16 18:00 ` Jeremy
2021-04-16 19:15 ` Kostas Karasavvas
2021-04-16 20:12 ` Christopher Gilliard
2021-04-17 7:41 ` Kostas Karasavvas
2021-04-16 20:30 ` Ruben Somsen
2021-04-16 21:09 ` Christopher Gilliard
2021-04-20 1:23 ` yanmaani
2021-04-20 8:45 ` Zach Greenwood
2021-04-20 17:12 ` Christopher Gilliard
2021-04-20 19:07 ` Ruben Somsen
2021-05-03 5:17 ` ZmnSCPxj
2021-05-04 12:51 ` Ruben Somsen
2021-04-20 1:22 ` yanmaani
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