Post
Topic
Board Development & Technical Discussion
Re: Storing data on the bitcoin blockchain
by
ETFbitcoin
on 17/06/2020, 13:25:58 UTC
Just my two cents: You are having an idea for a standard for something that is not wanted in any way on the bitcoin blockchain. The moment it would become a standard I would for sure turn off my node. I can't imagine any other public blockchain would ever try to accomplish this. You want to store/exhcange files use usenet/torrent or whatever.

IMO the controversial isn't the idea, but the use case of the idea. I'm sure the idea can get reasonable support / acceptance if served with practical use case such as activist / journalist share important information to the world (which i already mentioned).

Ok that's my last post in this thread. Mod, can you please lock/delete this thread ? I'm clearly wasting my time.

If you really want to lock the thread, choose "lock topic" on left bottom of this thread.

FYI, Bitcoin SV is already doing something like this, and they already have a system devised for splitting up large files into several OP_RETURN transactions, but I'm not sure if they have a keying mechanism. That is the icing on the cake. - but the idea could be taken further with features such as splitting up large files, versioning, and whatever else.

it is because these altcoins have no use cases as a cryptocurrency or anything else. so their owners have to come up with different "ideas" that could invent some use case and create spam so that the coin doesn't look abandoned when you look at how many transactions are being made every day.

i find it very strange that they are splitting the data into multiple OP_Return outputs instead of one since each output will have at least 10 extra repeated bytes! i already explained why it is the worst in my previous comment.

Most likely because it's easier than creating new standard and waiting exchange/user update their client software.