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Comment on Show HN: btproof - trusted timestamping on the Bitcoin blockchainparent

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Correct me if I am wrong, but I would argue that creating these addresses with tiny leftover cash amounts creates more of a burden on bitcoin nodes than normal transactions. Every bitcoin node that verifies transactions must at all times be aware of the current balance of all accounts (more precisely all nonredeemed transaction, I think) and hence each of these signatures will necessarily live on all verifying nodes for as long as those coins are considered valid. Pruning strategies are being developed, but they do not prune accounts of balances, they only remove old transactions, so these balances cannot be removed, unless a satoshi stealing strategy is approved which would be a very significant incompatible change.

Personally, I would just include the hash in a comment of a payment to myself (or any payment at all), which is easily done with the current bitcoin client. The signature can easily be viewed on blockchain.info and you can use any hash that you like. Finding it would be harder though, but should not be difficult if I know any of the sending, receiving address or transaction id.

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