Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Joining mempool RBF transactions
by
gmaxwell
on 14/08/2020, 20:00:33 UTC
⭐ Merited by ETFbitcoin (1)
The reason I'm such a huge fan of the idea of "utxo-giftcards" is that it's pretty phenomenally space-efficient (as you can give someone money without even making a transaction) and a death-blow t entire classes of bitcoin analysis attacks. (Of course there are drawbacks in transferring a private-key, but I feel those are pretty obvious and understood enough that it's easy to use what is most suitable)

It's also a perfect match to the model of a gift or a donation-- you don't care if the donor/gifter claws their money back at the last moment (-- you'd rather that didn't but you weren't relying on them not doing it).  It also addresses the problem that small bitcoin gifts usually result in lost coins.

I'm very happy that Bitcoin I gifted in the past was gifted using by handing out private key.  People lost their gifts and I was able to recover them for them.