I agree with satoshi it would be unwise...
Discussion
Chancellor on brink of second bailout.
You - "Its happened before so lets change btc to allow tons more of it"...
Me: No thanks.
Anyone can embed arbitrary data to the utxo set or use op_return in its current state. You simply don’t understand the context of what is being said. You can always request to delete your post.
I am aware. You're being dishonest that theres no difference in the core 30 update.
I'm not deleting anything. Why are you so interested in making my post go away?
When people self own as hard as you are doing they may not be aware of the deletion option. Feel free to continue showing your ass it’s a free relay network.
🤙
I like how you misread everything.
To be clear many are making this type of argument that you can already embed data so theres no significant difference.
If you have an alternative argument please feel free to share.
third
Your screenshot is taken out of context (and yet you can see the messages themselves are not the main point of Satohi's post here).
This reply is in regards to another bitcoin talk user's suggestion to use encryption built into Bitcoin to enable short messages attached to transactions. He compares these to payment titles in traditional finance.
Satoshi's reply displays his concerns in regards to privacy – see the part of the message you specifically highlight: "...permanently recorded PLAINTEXT messages..."
For more context on this topic see another Satoshi's comment – attaching a screenshot.
Link to full thread: https://bitcointalk.org/index.php?topic=1545
Link to Satoshi's comment on ECDSA encryption inability: https://bitcointalk.org/index.php?topic=30.msg1169#msg1169
I admit I have not read every single one of satoshis forum posts. I concede that the main point is privacy. He does also say very clearly he thinks messages belong on a parallel network instead.
I am curious though. Do you really think 100kb image files on chain will be good for bitcoin?
Thank you for this information, seriously. Always trying to learn more.
I do not think arbitrary files belong on the blockchain, but I do not know the best solution here is.
I do not think filters will work well, I do not think OP_RETURN increase is the best way forward either.
Decentralized monetary protocol is a super complex thing, and debates like these - Block Size War being another great example - are inevitable.
We are yet to figure out the best way forward, and I believe we will figure it out collectively. We just need more time and data. We need to carefully consider second order effects that any decision might cause.