public inbox for bitcoindev@googlegroups.com
 help / color / mirror / Atom feed
From: "Russell O'Connor" <roconnor@blockstream.com>
To: Christopher Gilliard <christopher.gilliard@gmail.com>,
	 Bitcoin Protocol Discussion
	<bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP - limiting OP_RETURN / HF
Date: Fri, 16 Apr 2021 09:56:11 -0400	[thread overview]
Message-ID: <CAMZUoKmR6ZU6mAgEhKDD5cTMuja_OC0_Sz3x4UND=E-g1PkgsQ@mail.gmail.com> (raw)
In-Reply-To: <CAK=nyAxOa8fsVfxucH7WTTMn25BCzgQ28h_sNsunedpCoRXjjQ@mail.gmail.com>

[-- Attachment #1: Type: text/plain, Size: 1785 bytes --]

Firstly, a minor point is that your proposal is a soft-fork, not a
hard-fork.

But more importantly, adding limitations on OP_RETURN transactions is not
helpful.  Users who want to embed arbitrary data in their transactions can
always do so by encoding their data inside the values of legacy
multi-signature scriptpubkeys (pubkeys can be generated without knowing the
private key in order to encode non-key related data).  Not only can users
do this, users have done this in the past.  However, this behaviour is
problematic because such multi-signature "data" scriptpubkeys are
indistinguishable from "real" multisignature scriptpubkeys, and thus must
be kept in the UTXO set.  This differs from outputs using OP_RETURN which
are provably unspendable, and therefore can be safely omitted from the UTXO
set.

Thus, given that it is otherwise impossible to stop people from putting
arbitrary data values into their transactions, then we rather encourage
people who are going to encode their arbitrary data in transaction to use
the OP_RETURN outputs in order to avoid UTXO bloat.

Also, as it stands, fees already nudge various participants to consolidate
their data in the way that you suggest they do.

On Fri, Apr 16, 2021 at 9:32 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
>

[-- Attachment #2: Type: text/html, Size: 2560 bytes --]

  reply	other threads:[~2021-04-16 13:56 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 [this message]
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
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

Reply instructions:

You may reply publicly to this message via plain-text email
using any one of the following methods:

* Save the following mbox file, import it into your mail client,
  and reply-to-all from there: mbox

  Avoid top-posting and favor interleaved quoting:
  https://en.wikipedia.org/wiki/Posting_style#Interleaved_style

* Reply using the --to, --cc, and --in-reply-to
  switches of git-send-email(1):

  git send-email \
    --in-reply-to='CAMZUoKmR6ZU6mAgEhKDD5cTMuja_OC0_Sz3x4UND=E-g1PkgsQ@mail.gmail.com' \
    --to=roconnor@blockstream.com \
    --cc=bitcoin-dev@lists.linuxfoundation.org \
    --cc=christopher.gilliard@gmail.com \
    /path/to/YOUR_REPLY

  https://kernel.org/pub/software/scm/git/docs/git-send-email.html

* If your mail client supports setting the In-Reply-To header
  via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox