Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
Even with multisig neither Counterparty or Mastecoin need to be contributing to the UTXO set: just have one of the pubkeys be valid, with a secret key known to the user, and have their wallet software spend that txout the next time it needs to spend some money.
Well yes. That's why I don't understand the "utxo bloat" argument - at least not completely. Assuming each multisig recipient is counted as utxo and say for each redeemed XCP/MSC transaction a new one is spawned, then one could say the total amount of utxo is indeed increased due to the one or two additional multisig recipients. But a) is this the case? (I assume yes) and b) is this the case, if pubkeys are created in a way that they do not form a valid ECDSA point? Anything with a length between 33 and 65 byte seems to be accepted as recipient.
Redeeming multisig outputs is fun, by the way!
