What will be the actual effect over wallets? Say I have the private key for a dormant UTXO older than the consensus-critical maximum UTXO age. The UTXO is not part of the cache. So I setup a full node and import my old private key (wallet.dat). Will I even see the correct balance (where will it get if from, since it's dropped from the cache), or it will show me a 0 balance?
If I can see the correct balance, where can I get the proof I need and what ensures I'll always be able to get that proof? On 12/20/2015 1:34 PM, Jeff Garzik via bitcoin-dev wrote: > On Sun, Dec 20, 2015 at 6:24 AM, Peter Todd via bitcoin-dev > <bitcoin-dev@lists.linuxfoundation.org > <mailto:bitcoin-dev@lists.linuxfoundation.org>> wrote: > > What I proprosed is that a consensus-critical maximum UTXO age be part > of the protocol; UTXO's younger than that age are expected to be cached. > For UTXO's older than that age, they can be dropped from the cache, > however to spend them you are required to provide the proof, and that > proof counts as blockchain space to account for the fact that they do > need to be broadcast on the network. > > > Yes, this is almost what -has- to happen in the long term. > > Ideally we should start having wallets generate those proofs now, and > then introduce the max-age as a second step as a planned hard fork a > couple years down the line. > > However, > 1) There is also the open question of "grandfathered" UTXOs - for those > wallets generated in 2009, buried in a landfill and then dug out 10 > years ago > > 2) This reverses the useful minimization attribute of HD wallets - "just > backup the seed" > > _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
