Post
Topic
Board Development & Technical Discussion
Merits 5 from 2 users
Re: Thoughts on burner addresses
by
ETFbitcoin
on 15/06/2022, 12:11:52 UTC
⭐ Merited by vapourminer (3) ,pooya87 (2)
Using "trap addresses" is the worst case, because there is no reason to do so. Also, it is more expensive than witness or OP_RETURN.
And yet the bitcoin protocol allows us to send funds to "trap addresses".

Your statement is misleading. Bitcoin protocol only check whether the address is valid or not.

Quote from: vjudeu
So why you think that using "trap addresses" is better than OP_RETURN?
you're asking me why I personally think that? not a big fan of op_return since "Many members of the Bitcoin community believe that use of OP_RETURN is irresponsible in part because Bitcoin was intended to provide a record for financial transactions, not a record for arbitrary data" not a big fan of trap addresses either since i'm not the type of person to set fire to a $100 bill.

You forget to quote this part, "Despite this, OP_RETURN has the advantage of not creating bogus UTXO entries, compared to some other ways of storing data in the blockchain."[1].

Quote
Each block header has 80 bytes. So heavy, isn't it?
I don't know man. This was a portable version of electrum and it went wild downloading blocchain headers. I think the filesize was a couple hundred megabytes before I just stopped the program and deleted that big file. I don't need that.

If it's that big, it's likely you imported wallet with lots of transaction. Besides block header, Electrum also download merkle proof to prove the transaction on block[2]. It's cost when you don't want to blindly trust someone else.

[1] https://en.bitcoin.it/wiki/OP_RETURN
[2] https://electrumx.readthedocs.io/en/latest/protocol-basics.html#block-headers