The Noteblock – Roses will wither, but the Blockchain is forever
thenoteblock.com
thenoteblock.com
So for now, I will say I don't feel like this is of a concern
Then everyone who's running a full bitcoin node becomes a copyright infringer TWICE - once in their blockchain cache and once in their running torrent client.
> Undeveloped film, undeveloped videotape, and electronically stored data that can be converted into a visual image of child pornography are also deemed illegal visual depictions under federal law.
From http://www.justice.gov/criminal/ceos/citizensguide/citizensg...
So back to your question, do I think this is spammy? No, because this project will never generate enough transactions to matter in the slightest bit to the size of the blockchain. However, I feel the project is important to demonstrate a point which is this:
Bitcoin as a programmable currency protocol has enormous potentials beyond just sending transactions. And OP_RETURN (when it does become standard) has important implications for smart contracts, using Bitcoin transactions to prove / transfer ownership. The objective of this project is to raise awareness in that area. And make developers realise the potential in a fun way on Valentine's Day.
At most, I would say using hash160 output to attach messages is not an elegant way to do this compares when OP_RETURN does become standard. But I believe this awareness that we generate is far more important to Bitcoin development.
It seems if people want to use blockchain technology for messaging, they should create a new blockchain and not clutter Bitcoin's.
This chart is scary enough without throwing new use cases into the blockchain (e.g. messaging) that have nothing to do with Bitcoin transactions: https://blockchain.info/charts/blocks-size?timespan=all
I don't believe that people will use the Blockchain for messaging. It will cost you 60c per message. I certainly wouldn't use it for messaging.
I think the implication is being able to use OP_RETURN (which btw does not add to the size of the blockchain because it is immediately provably prunable) and people will be able to attach payload onto a transaction. This will be important for this currency to be far more powerful beyond just sending money around.
If the blockchain can't handle a few spammy message transactions like this, how could it handle taking over the world?
But if you do it with OP_RETURN then yes, you should be able to do that.
You can see more here: http://www.thenoteblock.com/how-it-works
We were hoping it would've been released before 14th Feb, however that's not the case.
EDIT: As does eligus (they have always accepted nonstandard transactions).
We do have plans to move this. We previously decided against because we felt it might take too long for the transaction to get confirmed and wanted to at least wait til there is at least 50% pool market share that mines OP_RETURN.
On second thought, we might move to OP_RETURN in the next week, I will certain evaluate this a bit more tonight.
The backup plan is still to move to OP_RETURN once v0.9 is adopted or more miners start accepting OP_RETURN
If people are really wanting something to be stored forever, is an extra hour or two really going to matter? BTCGuild is accepting OP_RETURN, along with several small outfits like Eligius, so it won't take days on end to confirm.
Not making any money actually. Project is open sourced too
-- OP_RETURN
Will probably move on the weekend.