On Tue, May 14, 2013 at 12:50:27PM -0400, Jeff Garzik wrote: >> Well if it is a later transaction, not an integral part of the reward >> transaction (that is definitionally mined by being serialized into the >> coinbase), the user may elect to withhold the promised transaction >> give-to-miner, so thats not so good. [...] >[...] >Just referring to a standard, fee-bearing, user-created bitcoin >transaction, where output_value < input_value. The fee is paid to the >first miner who includes that transaction in a block, as part of the >protocol.
Yes but thats inferior in the sense that it is spamming the bitcoin payment protocol slightly, to the small reward of miners, and involves actual money and traceability to real-name (where did you get the coin from to spend). If alternatively you just proof you direct mined on a block with a coinbase that immediately makes payment to future miners its better because: a) you can do that with no new traffic for the bitcoin network (except when you mine a whole block, you'll post it); and b) anyone with a reasonable verification on the blockchain head (even if the spender has to give it to them!) can verify it without any other network traffic; and c) if its micro-mined on the spot it can be bound to the service whereas if you give it to fees as an on network transaction you are limited to values above the min tx fee. So idealy I think you need to be able to simultanously mine and give reward to future block miners. What you could do with out that is d) mine for the reward of bitcoin foundation/software author/or service provider. In the last case (service provider) its an extreme form of Rivests peppercoin probabilistic payment Adam ------------------------------------------------------------------------------ AlienVault Unified Security Management (USM) platform delivers complete security visibility with the essential security capabilities. Easily and efficiently configure, manage, and operate all of your security controls from a single console and one unified framework. Download a free trial. http://p.sf.net/sfu/alienvault_d2d _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
