Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin)

Luke-Jr what is your opinion regarding the pull request offered by Peter Todd?

He has 5 pull requests open, none of which seem relevant to this discussion.

Quote from: led_lcd on March 22, 2014, 10:56:20 PM

Miners could still still make their decision on whether they wish to include such transactions in a block and Counterparty would use pruneable blockchain space.

Blockchain space is never prunable. Only UTXO space.

I don't know if it has been created yet. Please see:

https://bitcointalk.org/index.php?topic=395761.msg5845721#msg5845721

Ignoring petertodd's slanderous lie there, I will reiterate why his idea is based on a false assertion:

Quote from: Luke-Jr on March 21, 2014, 08:45:24 PM

Reminder: transaction fees do not pay for transactions, merely attempt to deter/rate limit flooding. To cover the cost of transactions, transaction fees would need to be much higher and somehow distributed across all full nodes (not merely miners).