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Author Topic: What's the deal with ASCII Bernanke?  (Read 1625 times)
BrightAnarchist
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August 03, 2012, 06:18:02 PM
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From http://pastebin.com/ZqqFEqkc

I don't get it... so Bitcoin lets anybody put any data they want into the blockchain, and we have to haul that data around forever?

Is this accurate? Are there any plans to mitigate this issue?

Thanks!
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August 03, 2012, 06:20:27 PM
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From http://pastebin.com/ZqqFEqkc

I don't get it... so Bitcoin lets anybody put any data they want into the blockchain, and we have to haul that data around forever?

Is this accurate? Are there any plans to mitigate this issue?

Thanks!
There is not a problem with this. Firstly, legitimate transactions are indistinguishable from arbitrary data. Secondly, to avoid pruning and to send the transactions in the first place, there is a cost. There are no plans to mitigate this issue because little data can be stored for a high cost, and the fact that this really isn't an issue in the first place.
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August 03, 2012, 08:58:11 PM
 #3

From http://pastebin.com/ZqqFEqkc

I don't get it... so Bitcoin lets anybody put any data they want into the blockchain, and we have to haul that data around forever?

Is this accurate? Are there any plans to mitigate this issue?

Thanks!

Dan Kaminsky had to pay some bitcoins as transactions fees to put it into blockchain, but not much though. The common belief is that in case things like this would become a problem then free market would adjust the price making it more expensive.
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August 04, 2012, 02:25:50 AM
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Remember that when that was done transactions were effectively free and instant. Thanks to Satoshi Dice that is no longer the case, and the cost of doing your own ASCII Bernanke will only go up with time.

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August 04, 2012, 02:46:23 AM
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From http://pastebin.com/ZqqFEqkc

I don't get it... so Bitcoin lets anybody put any data they want into the blockchain, and we have to haul that data around forever?

Is this accurate? Are there any plans to mitigate this issue?

Thanks!
Sounds like a service needing to be written...anyone up for making a web app for it?

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