<unnamed>

Public Key

npub1rkatdke2237uf5zw6pctfdgz8jvsrm6vrms0hrdcv6f22rv7f78qt3nvht

Profile Code

nprofile1qqspmw4kmv49glwy6p8dqu95k5prexgpaaxpac8m3kuxdy49pk0ylrspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhglcvgex

Publishing to

relay.primal.net

Last Notes

2023-06-07 02:46:09 UTC

- reply

📅 Original date posted:2011-12-13
🗒️ Summary of this message: Amir Taaki argues that FirstBits is useless due to the exponential rise in resources needed as the number of participants in the network grows linearly. He proposes a shared naming scheme between bitcoin implementations.
📝 Original message:On Mon, Dec 12, 2011 at 9:37 PM, Amir Taaki <zgenjix at yahoo.com> wrote:
> lol, way to miss the point nanotube.
>
> FirstBits *is* useless, but not for the reasons you specified. But simply because the resources it needs rises exponentially as the number of participants in the network grows linearly.
>
> The point is that if FirstBits were built into the implementation, that would allow me to simply send to 1brmlab. The proposal here is not for a website where people can lookup bitcoin addresses, but a shared naming scheme between bitcoin implementations. Here's the story again:
well, it's easy to miss the point when the example you use doesn't
make the point you think you're making. :D
but ok, yes, it would be nice to send directly to something like
1brmlab from the client. i suppose figuring out how to make sure that
1brmlab actually does send to whom you think it sends, is left to the
details of implementation, but that's a separate question.

2023-06-07 02:45:59 UTC

- reply

📅 Original date posted:2011-12-13
🗒️ Summary of this message: Person pays for Club Mate using Bitcoin without a mobile phone by using FirstBits to obtain the Bitcoin address from the website.
📝 Original message:> I was in brmlab and wanted to pay 1 BTC for a Club Mate. They had on the wall a picture of their QR code and a bitcoin address. I don't own a mobile phone so the QR code is
> useless. Then I remembered FirstBits, went to my terminal and typed
> 1brmlab. I got their bitcoin address from the website and copied that,
> then opened my terminal and pasted that in to send 1 BTC.
ok, imagine if firstbits didn't exist. instead of going to firstbits,
you would have gone to your terminal, opened up brmlabs website, and
copied the address from there?
there may be some arguments for name-> address translation, but i'm
sorry to say, that your example is not one of them. if anything, it
seems to suggest that firstbits is completely useless, since it saves
approximately zero effort.