{"type":"rich","version":"1.0","author_name":"npub18df3zgqr9zt5ah42zpd34rmq6fp7v57vvwmtk20krhrfdczp38ks5xccej","author_url":"https://nostr.ae/npub18df3zgqr9zt5ah42zpd34rmq6fp7v57vvwmtk20krhrfdczp38ks5xccej","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-12-13\n📝 Original message:\u003e In none of these cases do you lose anything.\n\nNor do you gain anything. Archive nodes will still need to exist\nprecisely because paper wallets don't include UTXO data. This is like\nadding the ability to partially seed a movie with bittorrent. You\nstill need someone who has the whole thing has to be participating in\norder for anyone to play the movie.\n\nThis isn't going to kill bitcoin, but it won't make it any better.\nEvery paper wallet would have to be re-printed with UTXO data\nincluded. It doesn't even solve the core problem because someone can\nstill flood the network with lots of UTXOs, as long as they spend them\nquickly.\n\nOn 12/13/15, Gregory Maxwell \u003cgreg at xiph.org\u003e wrote:\n\u003e On Sun, Dec 13, 2015 at 8:13 AM, Chris Priest \u003ccp368202 at ohiou.edu\u003e wrote:\n\u003e\u003e Lets say it's 2050 and I want to sweep a paper wallet I created in\n\u003e\u003e 2013. I can't just make the TX and send it to the network, I have to\n\u003e\u003e first contact an \"archive node\" to get the UTXO data in order to make\n\u003e\u003e the TX. How is this better than how the system works today?\n\u003e\n\u003e You already are in that boat. If your paper wallet has only the\n\u003e private key (as 100% of them do today). You'll have no idea what coins\n\u003e have been assigned to it, or what their TXids are. You'll need to\n\u003e contact a public index (which isn't a service existing nodes provide)\n\u003e or synchronize the full blockchain history to find it. Both are also\n\u003e sufficient for jl2012's (/Petertodd's STXO), they'd only be providing\n\u003e you with somewhat more data.  If instead, you insist that you'd\n\u003e already be running a full node and not have to wait for the sync, then\n\u003e again you'd also be your own archive. In none of these cases do you\n\u003e lose anything.\n\u003e"}