š
Original date posted:2021-08-08
š Original message:
We should remove the dust limit from Bitcoin. Five reasons:
1) it's not our business what outputs people want to create
2) dust outputs can be used in various authentication/delegation smart
contracts
3) dust sized htlcs in lightning (
https://bitcoin.stackexchange.com/questions/46730/can-you-send-amounts-that-would-typically-be-considered-dust-through-the-light)
force channels to operate in a semi-trusted mode which has implications
(AFAIU) for the regulatory classification of channels in various
jurisdictions; agnostic treatment of fund transfers would simplify this
(like getting a 0.01 cent dividend check in the mail)
4) thinly divisible colored coin protocols might make use of sats as value
markers for transactions.
5) should we ever do confidential transactions we can't prevent it without
compromising privacy / allowed transfers
The main reasons I'm aware of not allow dust creation is that:
1) dust is spam
2) dust fingerprinting attacks
1 is (IMO) not valid given the 5 reasons above, and 2 is preventable by
well behaved wallets to not redeem outputs that cost more in fees than they
are worth.
cheers,
jeremy
--
@JeremyRubin <https://twitter.com/JeremyRubin>;
<https://twitter.com/JeremyRubin>;
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Jeremy [ARCHIVE] /
npub1q8ā¦8qwta
2023-06-09 13:03:13
in reply to nevent1qā¦p6k7
Author Public Key
npub1q86n5vtxkwerzwfqza3hwls8pl8764244464talfqy2vpj0qaz6q38qwtaPublished at
2023-06-09 13:03:13Event JSON
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"pubkey": "01f53a3166b3b23139201763777e070fcfed5555ad7555f7e90114c0c9e0e8b4",
"created_at": 1686315793,
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"content": "š
Original date posted:2021-08-08\nš Original message:\nWe should remove the dust limit from Bitcoin. Five reasons:\n\n1) it's not our business what outputs people want to create\n2) dust outputs can be used in various authentication/delegation smart\ncontracts\n3) dust sized htlcs in lightning (\nhttps://bitcoin.stackexchange.com/questions/46730/can-you-send-amounts-that-would-typically-be-considered-dust-through-the-light)\nforce channels to operate in a semi-trusted mode which has implications\n(AFAIU) for the regulatory classification of channels in various\njurisdictions; agnostic treatment of fund transfers would simplify this\n(like getting a 0.01 cent dividend check in the mail)\n4) thinly divisible colored coin protocols might make use of sats as value\nmarkers for transactions.\n5) should we ever do confidential transactions we can't prevent it without\ncompromising privacy / allowed transfers\n\nThe main reasons I'm aware of not allow dust creation is that:\n\n1) dust is spam\n2) dust fingerprinting attacks\n\n1 is (IMO) not valid given the 5 reasons above, and 2 is preventable by\nwell behaved wallets to not redeem outputs that cost more in fees than they\nare worth.\n\ncheers,\n\njeremy\n\n--\n@JeremyRubin \u003chttps://twitter.com/JeremyRubin\u003e\n\u003chttps://twitter.com/JeremyRubin\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/lightning-dev/attachments/20210808/c022237a/attachment.html\u003e",
"sig": "b339121e424c82cc6359f02bad4115a62af85046ed3e8dad2dc668a8cf83a9cdb9367fd2063ae183586f8e67652fca9ebef2a9ef20530f8220145d53dd5e65f3"
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