[bitcoin-dev] Bech32 and P2SH²

P2SH^2 wasn't a serious proposal-- I just suggested it as a thought experiment. I don't think it offers much useful in the context of Bitcoin today. Particularly since weight calculations have made output space relatively more expensive and fees are at quite non-negligible rates interest in "storing data" in outputs should at least not be increasing. Moreover, unfortunately, people already rushed bech32 to market in advance of practically any public review-- regrettable but it is what it is... I don't think adding more address diversity at this time wouldn't be good for the ecosystem. What we might want to do is consider working on an address-next proposal that has an explicit timeframe of N years out, and very loud don't deploy this--- layered hashing is just one very minor slightly nice to have... things like coded expiration times, abilities to have amounts under checksum, etc. are probably more worth consideration. On Thu, Jan 4, 2018 at 2:23 PM, Luke Dashjr via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote: > I know I'm super-late to bring this up, but was there a reason Bech32 omitted > the previously-discussed P2SH² improvements? Since deployment isn't too > widespread yet, maybe it'd be worth a quick revision to add this? > > For those unfamiliar with the concept, the idea is to have the address include > the *single* SHA256 hash of the public key or script, rather than > RIPEMD160(SHA256(pubkey)) or SHA256(SHA256(script)). The sender would then > perform the second hash to produce the output. Doing this would in the future > enable relaying the "middle-hash" as a way to prove the final hash is in fact > a hash itself, thereby proving it is not embedded data spam. > > Bech32 seems like a huge missed opportunity to add this, since everyone will > probably be upgrading to it at some point. > > Luke > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev at lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev