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legendary
Activity: 1078
Merit: 1011
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July 29, 2015, 06:33:57 PM
#4

Thanks for posting that link. I have wondered if something like this was possible before, I didn't know someone had already implemented it.
sr. member
Activity: 392
Merit: 268
Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ
July 29, 2015, 02:39:08 PM
#3
There are a few issues in your logic:

1. OP_RETURN is limited, but a private key for a brainwallet is limited as well. Both involve hashing the data anyway.
2. OP_RETURN doesn't cause outputs to enter the UTXO, since they're not spendable by definition.
3. OP_RETURN could be made simpler to use by adding functionality to a wallet program, or by providing the user with a raw txn to sign using their own client.
legendary
Activity: 1260
Merit: 1019
July 29, 2015, 11:50:13 AM
#2
newbie
Activity: 23
Merit: 0
July 29, 2015, 11:27:28 AM
#1
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