(which means human readable and related to the actual information which makes them easier to remember)
These actually are the most important features.
Example: transaction references not related to the actual subject of the transaction (ie. what is being paid for) is enabler for MITM scam schemes.
> Short is convenient
Nah. Short is crucial for identifiers to be effective for computers to handle (memory and CPU efficiency). Otherwise we wouldn't need any identifiers and would just pass raw data around.
> * versioned - Versioning is only interesting because you’re trying to derive from real data.
Nah. Even UUID formats contain version information.
> * easy to index - Sure.
> * sortable - Nice to have at best.
These are directly related (and in the context of UUIDv4 vs UUIDv7 discussion sortable is not enough - we also want them to be "close" to each other when generating so that they can be indexed efficiently)
You keep saying that but you have provided virtually no evidence in support of this. This is why I called your claim philosophical. You are asserting this as fact and arguing from that standpoint rather than considering what is the best based on actual requirements and trade offs.
> Example: transaction references not related to the actual subject of the transaction (ie. what is being paid for) is enabler for MITM scam schemes.
I don’t see how this is true. If anything transaction references based on the actual subject would make scamming slightly easier because a scammer can glean information from the reference.
I’m going to stop here, though. I don’t see that this is going to converge on any shared agreement.
Take care. And if you celebrate the holidays, happy holidays, too.
There is a Bitcoin seller B, a thieve T and a victim V.
T proposes to buy Bitcoin from B.
T offers a new iPhone for a very low price to unsuspecting V. V agrees to buy it.
B gives T account details and transaction reference so that T can transfer money to B's account.
T gives these details to V. V transfers the money. B transfers Bitcoin to T. T disappears.
If only transaction reference contained information that the transfer is about buying Bitcoin, V would have never paid the money.
The scheme was quite common in UK because banks did not like Bitcoin so Bitcoin sellers and buyers avoided referencing it in bank transfers.
You’re arguing that in this circumstance, the bitcoin seller should produce an ID for the payer that exposes the purchase contents.
Firstly, I am extremely doubtful that this would actually prevent the issue. A wary buyer would not agree to transfer money account to account like this to pay for a cell phone in the first place. Only gullible people would engage in this scam, and I am doubtful that they would question the transaction ID deeply. “Hey what is this bitcoin thing?” “Oh, don’t worry about it. That’s just internal for our tracking purposes. Do you want me to throw in a free phone case too?!”
Secondly, this seems like a massive privacy concern. Is someone purchasing sex toys supposed to use a transaction ID like purpledildo656 and expose what they are buying to the bank?
I’m sympathetic to people who get scammed, but I don’t think your transaction IDs solve this problem. People have been getting scammed like this forever. “Hey, just send the $600 via Western Union and I’ll totally put your phone in the mail for you tomorrow.”
This isn’t an ID anyway. What you are really asking for is to mandate that the contents of the purchase be burned into the transaction from the seller all the way to the buyer through the bank. I think that’s a terrible idea because of privacy concerns, but regardless, it’s not an ID. This would be much better expressed as a different form of metadata.
> * easy to remember
(which means human readable and related to the actual information which makes them easier to remember)
These actually are the most important features.
Example: transaction references not related to the actual subject of the transaction (ie. what is being paid for) is enabler for MITM scam schemes.
> Short is convenient
Nah. Short is crucial for identifiers to be effective for computers to handle (memory and CPU efficiency). Otherwise we wouldn't need any identifiers and would just pass raw data around.
> * versioned - Versioning is only interesting because you’re trying to derive from real data.
Nah. Even UUID formats contain version information.
> * easy to index - Sure.
> * sortable - Nice to have at best.
These are directly related (and in the context of UUIDv4 vs UUIDv7 discussion sortable is not enough - we also want them to be "close" to each other when generating so that they can be indexed efficiently)