📅 Original date posted:2014-02-28
📝 Original message:On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes <hozer at 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/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
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140228/9c9281f9/attachment.html>;
Warren Togami Jr. [ARCHIVE] /
npub1s5…zxem8
2023-06-07 15:13:58
in reply to nevent1q…qp95
Author Public Key
npub1s5p2xnl52ksr3a4qfa8re5znmja46ugm3x3ayy0x2c2mqrsw6ewsmzxem8Published at
2023-06-07 15:13:58Event JSON
{
"id": "08efac8f1031e6ff4acd785cc5947c52927bff34a5c18070ac1b809d475eaf1c",
"pubkey": "8502a34ff455a038f6a04f4e3cd053dcbb5d711b89a3d211e65615b00e0ed65d",
"created_at": 1686150838,
"kind": 1,
"tags": [
[
"e",
"1ef870aa2080d76066b16301e94316a8cf8557aa7768e48cc4c5664289bfd14e",
"",
"root"
],
[
"e",
"49df77d69d2bec33878a1c723df1640aa5cfe43d26b1e5704cb149bd5960134b",
"",
"reply"
],
[
"p",
"de834b230daa8e6d04c44e51929c52dfdc36dc2f4105a0b67060d9dfc30d6ccc"
]
],
"content": "📅 Original date posted:2014-02-28\n📝 Original message:On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes \u003chozer at hozed.org\u003e wrote:\n\n\u003e\n\u003e Either the transaction fees are sufficient to pay the cost for whatever\n\u003e random junk anyone wants to put there, or they are not, and if they are\n\u003e not, then I suggest you re-think the fee structure rather than trying\n\u003e to pre-regulate me putting 80 character pithy quotes in the blockhain.\n\u003e\n\u003e\nhttps://github.com/litecoin-project/litecoin/commit/db4d8e21d99551bef4c807aa1534a074e4b7964d\n\nIn one way in particular, the transaction fees per kilobyte completely\nfailed to account for the actual cost to the network. If Bitcoin had\nadopted a common-sense rule like this, I would have had no reason to join\nLitecoin development last year. This is one of the few economic design\nflaws that Satoshi overlooked in the original design.\n\nAs much as I personally hate the idea of data storage in the blockchain,\nthis at least discourages the creation of permanent UTXO.\n\nWarren Togami\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140228/9c9281f9/attachment.html\u003e",
"sig": "15ac97e06e7266c75b5af6561fc2b7f77a037fb7307a620bc3ce60e9fc1b354050a4d6c8130809cd95303cbadd6866e994b36f69f0192e5e5abd93f2f72886d7"
}