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    Author Topic: Design notes for sharing work between multiple independent chains  (Read 15163 times)
    goblin
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    May 04, 2011, 08:38:48 PM
     #21

    Hang on, you're saying that sending arbitrary data in a transaction with a fee is possible and accepted by mainstream clients? That's not what I've heard on IRC...

    It's impossible to distinguish between a valid public key and arbitrary data. Pretend that the data is a public key you're sending BTC to.

    The size is pretty limited when you do this, but it's more than enough for a hash.
    Sorry, still unsure... Does this "burn" bitcoins?

    I'm not proficient with low-level bitcoin stuff yet, but... is such a transaction possible then?

    in: 0.01 from a valid bitcoin address
    out: 0.00 to arbitrary data public key
    (induced fee: 0.01 to the miner)
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