Gavin Andresen [ARCHIVE] on Nostr: 📅 Original date posted:2015-07-22 📝 Original message:On Wed, Jul 22, 2015 at ...

📅 Original date posted:2015-07-22
📝 Original message:On Wed, Jul 22, 2015 at 4:34 PM, Tier Nolan via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:

> It also requires most clients to be updated to support the new address
> system.


That's the killer: introducing Yet Another Type of Bitcoin Address takes a
very long time and requires a lot of people to change their code. At least,
that was the lesson learned when we introduced P2SH addresses.

I think it's just not worth it for a very modest space savings (10 bytes,
when scriptSig+scriptPubKey is about 120 bytes), especially with the
extreme decrease in security (going from 2^160 to 2^80 to brute-force).

--
--
Gavin Andresen
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