11–20 of 38 posts
BTW, please don't use this address-spamming technique! You can simply put data after an OP_RETURN, which, while permanently encoding it in the blockchain, ensures that nodes know it can't be spent.
BTW, please don't use this address-spamming technique! You can simply put data after an OP_RETURN, which, while permanently encoding it in the blockchain, ensures that nodes know it can't be spent.
A technical "solution" to money transfer that relies on saying pretty-please to avoid problems? Sounds like something I should invest in.
BTW, please don't use this address-spamming technique! You can simply put data after an OP_RETURN, which, while permanently encoding it in the blockchain, ensures that nodes know it can't be spent.
That's fixed to 80bytes, perhaps space for a few smileys.
Doesn't that mean that a whole blockchain could possibly be deemed illegal in some country due to copyright infringement or other liability of publications laws? I mean if you can't erase the data and keep publishing it, some would say you are liable. I see that as a particularly twisted legal argument, but couldn't some country use that against blockchain infrastructure if they feel like it?
> Along with the standard data, the original transaction also contains the message: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks'[3]. Presumably this is a political commentary on Bitcoin compared to the insolvency of "real" banks. While it may be political commentary, including a headline from a widely known newspaper also proves that the block was created sometime after that date.
Which is incredible foresight, because that's what ended up happening with some altcoins.
Doesn't that mean that a whole blockchain could possibly be deemed illegal in some country due to copyright infringement or other liability of publications laws? I mean if you can't erase the data and keep publishing it, some would say you are liable. I see that as a particularly twisted legal argument, but couldn't some country use that against blockchain infrastructure if they feel like it?
Interesting twist if bitcoin blockchain would be found to distribute illegal porn or private/secret/classified data(it already stores some wikileaks content). # How does government stop/censor a global p2p network? I guess they would put pressure on developers and bitcoin foundation to remove the offending data and update the (official) software to block/reject/deny any upload of it. I assume it would have to employ…
There are enough different parties involved that acquiring consensus to make historical changes is practically impossible. The data that is there, at least several blocks prior to the current block, is permanent.
An attempt to do this would scare the market, affecting the value of bitcoin. The miners don't want that, so they will act in their greedy self-interest - which means they won't attempt to do such a thing.
Earlier quoted context omitted.
Interesting twist if bitcoin blockchain would be found to distribute illegal porn or private/secret/classified data(it already stores some wikileaks content). # How does government stop/censor a global p2p network? I guess they would put pressure on developers and bitcoin foundation to remove the offending data and update the (official) software to block/reject/deny any upload of it. I assume it would have to employ…
That's the beauty of a blockchain (and the rules that dictate how it is written) - one does not simply "remove the offending data". There are enough different parties involved that acquiring consensus to make historical changes is practically impossible. The data that is there, at least several blocks prior to the current block, is permanent. An attempt to do this would scare the market, affecting the value of bitcoi…
I mean if Bitcoin ever gain real traction isn't it pretty inefficient to store all the data and replicate it around? Storage now seem infinite but practicality it is not, won't current blockchain be saturated to the point of uselessness when/if it reach usage level of an actual banking network?
"Let think about scaling later" is maybe not a good idea for a currency implementation...
(2014). Wonder how much other stuff has been added since then.
40616d696e67696c616e69203c332040697a7a617368616869642023536179497457697468426974636f696e2023466c6f6f64546865426c6f636b636861696e
@amingilani
Clearly I love my wife (fiance actually but give it few months)
[1]: https://blockchain.info/tx/26c5ca404cc37abf77fc722a11f56b34a...
Tx `26c5ca404cc37abf77fc722a11f56b34a481f7879b1c11fe68fcdcdf2a15626f`[1] it contains the following hex data in the OP_RETURN:
40616d696e67696c616e69203c332040697a7a617368616869642023536179497457697468426974636f696e2023466c6f6f64546865426c6f636b636861696e
@amingilani
> Along with the standard data, the original transaction also contains the message: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks'[3]. Presumably this is a political commentary on Bitcoin compared to the insolvency of "real" banks. While it may be political commentary, including a headline from a widely known newspaper also proves that the block was created sometime after that date.
Yes, afaik this was the purpose... to prove the creator had not pre-mined a bunch of coins and was then going to cash then in later. Which is incredible foresight, because that's what ended up happening with some altcoins.