Author: Jeremy Rubin 2015-07-23 04:05:22
Published on: 2015-07-23T04:05:22+00:00
The discussion revolves around the Short Term Use Address (STUA) and its potential benefits. The STUA provides a strict incentive to reduce transaction fees, which aligns with the idea that miners are paid for security. However, there is some debate about the actual savings benefit as it can be marginal unless margins are tight. It is suggested that large players may prefer this option, while users will desire it. There are concerns about the security decrease associated with STUA, but it is noted that LEN_PARAM can be selected during the transaction to increase security. Additionally, since these addresses are only meant for short-term use, the threat is not significant. Furthermore, since UTXO saving reduces memory bloat, STUA offers some advantages. However, more analysis is needed to determine the exact time required to run a brute force attack.Gavin Andresen via bitcoin-dev expresses concern about introducing a new type of Bitcoin address, which requires many people to update their code. He notes that the space savings of 10 bytes is modest compared to the extreme decrease in security from 2^160 to 2^80 to brute-force. He believes that it is not worth it to introduce yet another type of Bitcoin address.
Updated on: 2023-06-10T03:30:28.063066+00:00