Post
Topic
Board Economics
Re: Is it time to give Bitcoin a Use Value?
by
BreathOfZen
on 09/01/2015, 04:04:59 UTC
. . .

"[E]xclusive use of . . . pay-to-script-hash [P2SH] within all . . . transaction outputs" should do it.

Not being a core Bitcoin developer, I don't know what that actually means.  Questions that arise from it though:
1. What is a Great Empire Coin, Writcoin, and what do they have to do with Bitcoin?
2. Is the gist of your contention that the core Dev team wants to in some way take control of what we can and cannot spend our Bitcoins on, and vigilantly control our Bitcoin spending based on some "father knows best" algorithm?

It means what it sounds like: coins are addressed to hashes (double SHA-256 hashes?) of X-coin scripts instead of X-coin addresses.

A miner could also regulate the number of outputs he or she permits a transaction to have.

The latter point is of course true, and I fully expect that data transactions will pay their fair portion in miners fees to be seen as worthwhile from a miner's perspective.  It is after all only fair.

As to the former point though, I still don't really know what you are saying.  Also, I really do want to know what a Great Empire Coin is.