Timeline for Why does Bitcoin use the input/output system?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Feb 28, 2019 at 16:20 | comment | added | David Schwartz | Right, but all of those problems are easily solved in a balance-based system and using outputs creates a bunch of problems (also easily solved) that balance-based systems don't have. So while this is all true, it's not a reason to prefer an output-based system over a balance-based system. | |
| Aug 21, 2015 at 18:28 | vote | accept | bitwonder | ||
| Aug 21, 2015 at 14:35 | comment | added | Pieter Wuille | Another one: a balance-based system would give an efficiency benefit to account reuse. In general, you don't want a system that encourages bad privacy. | |
| Aug 21, 2015 at 3:54 | history | answered | Claris | CC BY-SA 3.0 |