Re: [Bitcoin-development] Proposed BIP 70 extension

2014-06-25 Thread Gmail

 On Jun 25, 2014, at 10:15, slush sl...@centrum.cz wrote:
 Good standard must be explicit as much as possible. Having million optional 
 fields with ambiguous meaning is even worse than not having these fields.

+1. BIP70 is important. We want to keep it very simple and generalized, or 
there is a very real risk that implementers will either not bother with it or 
implement it in buggy, poorly standardized ways. 

Any information not required by the machine should only exist in human-oriented 
fields (namely, the memo field). 

Let's try to avoid ending up with another horrendously complicated, 
edge-case-oriented protocol like we programmers frequently complain about. 

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Re: [Bitcoin-development] Proposed BIP 70 extension

2014-06-24 Thread Gmail


 On Jun 24, 2014, at 10:32, slush sl...@centrum.cz wrote:
 
 Sounds like marketing bullshit to me. It does not have even statistical 
 meaning; well, you can save a lot of satoshis, but nobody tell you that the 
 merchant cut you on BTC/USD exchange rate in tens of %.

People would also abuse this feature in the same way amazon (and other sales 
sites) abuse the definition of save. For example, Amazon will indicate that 
you're getting x% off by shopping at amazon, but all that number really means 
is x% off MSRP. In reality, every website has the same price. I have no doubt 
that merchants would put similarly meaningless and/or misleading data in this 
field. 

I agree, the memo field is appropriate for this data. 

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Re: [Bitcoin-development] Proposed BIP 70 extension

2014-06-24 Thread Gmail
Ok, wanting structured data is a decent argument, but why this random arbitrary 
case in particular? There are hundreds of fields like this that people might 
want to use. 

If we're going to support one random cosmetic field, we might as well support 
them all with a generic structured data format. 

I'd rather we just didn't have this essentially pointless feature at all. 
Let's try and keep as much cruft as possible out of the payment protocol. The 
textual memo field is already more than sufficient. 

 On Jun 24, 2014, at 11:48, Jeff Garzik jgar...@bitpay.com wrote:
 
 I think there is nothing wrong with having a numeric memo field, which
 is effectively what this is.  Structured rather than unstructured
 data.


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Re: [Bitcoin-development] Proposed BIP 70 extension

2014-06-24 Thread Gmail
 On Jun 24, 2014, at 16:12, Gavin Andresen gavinandre...@gmail.com wrote:
 
 It would be silly to add a generic stuff field inside a container format 
 that ALREADY has all the mechanisms necessary for forwards and backwards 
 extensibility.

I agree. It would be even sillier to start specifying container formats for 
random one-off that would be kind of nice, I guess features. 

How about exchange rate? Sharing links? Referral information? Any of these 
things are just as deserving of specification (and just as arbitrary). 

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Re: [Bitcoin-development] Why are we bleeding nodes?

2014-05-20 Thread Gmail
Unlikely. I doubt any significant portion of miners in china will continue to 
mine on a china-specific chain, since it will certainly be outmined by 
non-Chinese miners, and will be orphaned eventually. 

More likely is that mining interests in china will make special arrangements to 
circumvent the GFwOC.

Users who can't access the worldwide blockchain will notice horrendously slow 
confirmation times and other side effects. 

 On May 20, 2014, at 10:37, Eugen Leitl eu...@leitl.org 
 
 Could a blockchain fork due to network split happen?
 


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Re: [Bitcoin-development] Bitcoin Fee Formula Proposal

2014-05-12 Thread Gmail
What about 0 confirmation inputs?

Mightn't this make tiny spam transactions unsafely inexpensive?

 On May 12, 2014, at 20:21, Peter Grigor pe...@grigor.ws wrote:
 
 
 I propose the transaction fee should be calculated from a percentage of the 
 input amount divided by the confirmations of the input multiplied by the 
 number of inputs.


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Re: [Bitcoin-development] bits: Unit of account

2014-04-20 Thread Gmail
People in the Bitcoin community are sometimes resistant to the idea of using 
the word credit as a unit of Bitcoin, because Bitcoin is not a credit-based 
system. 

However, given that the average person has close to no understanding of what 
credit means, and probably no concern for the distinction even if they do 
know, it may be wise to use the futuristic and easily understandable credit 
as our human-friendly unit. 

Do others agree that credits as a unit of account has a desirable futuristic 
connotation?

Will



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