the issues with sighash_noinput is this
1. you cannot prevent address-reuse. because bitcoin is a PUSH payment.
meaning other people can send funds to one address without the owner of the key
approval/refusal. thus luke cannot control address reuse if many people start
spamming him donations
I think building some overlay scarcity and value on top of bitcoin blockchain
would incentivize people to transact a lot. An equilibrium would emerge between
paying transaction fees and mining new coins. Which would effectively be
equivalent to selling bitcoin and buying some mergemined altcoin,
On Fri, Jul 13, 2018 at 1:27 AM Jakub Trnka
wrote:
> I think building some overlay scarcity and value on top of bitcoin
> blockchain would incentivize people to transact a lot. An equilibrium would
> emerge between paying transaction fees and mining new coins. Which would
> effectively be equival
fred savage via bitcoin-dev writes:
> the issues with sighash_noinput is this
>
> 1. you cannot prevent address-reuse. because bitcoin is a PUSH
> payment. meaning other people can send funds to one address without
> the owner of the key approval/refusal. thus luke cannot control
> addres
