Post
Topic
Board Development & Technical Discussion
Re: Making Bitcoin and its Forks Turing Complete
by
NotATether
on 04/05/2022, 14:33:05 UTC
the great #satoshi seemed to have no problems with storing our history on blockchains.

 The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.  
You do realise this had a very, very specific, useful and actually necessary purpose, though? Like, proving there was no pre-mine?
I'm not sure it's a good idea to store data on the blockchain by putting it into the UTXO set.
~

It was just a time-based anchor. It does not prove the lack of a pre-mine. The proof of no premine was something any miner at the time could prove for themselves just by winning blocks.


Not that a time-based anchor was ever necessary in the first place, as all bitcoin transactions are timestampped from the very beginning.


Also, it's prohibitively expensively to store arbitrary OP_RETURN data inside the blockchain as a result of the tx fees going over the roof in the years since then.