Re: (quoted post by chaord)

Participants: chaord

Quote from: nanotube on December 09, 2010, 06:19:05 AM

but why not make it easier on everyone and just allow say, 64 or 128 bytes of random data in a transaction? it seems that in the net, these side-band uses of bitcoin will only serve to increase the security of the network, by increasing the mining incentive, and bringing on more generation power.

I personally agree with nanotube’s point here, especially in light of the fact that arbitrary data can already be disguised in standard transactions if a person is motivated enough. I have not looked at the source code, but from what I understand I think that a much more pleasant (politically and technically speaking) solution would be to:

by default disallow non-standard transactions that exceed 128 bytes (or whatever threshold is agreeable)?

I would like to hear why the above option was thrown out by the developers.

While I agree that bitcoin transactions themselves should be the primary use of the blockchain, a good currency need not ostracize itself either.