That's pretty cool.
Downsides seem to be that there is no denial of service protection across rounds, the same utxo can disrupt many rounds. A centralized coordinator banns a utxo for numerous rounds.
Also blockspace efficiency is not great, a single equal denomination means users need to do a lot of rounds and create / spend many coins. I don't know how this can be fixed though, maybe some ring signature credential that commits to a homomorphic value commitment, something like Wabisabi kvac but with federeted authorship.
Max Hillebrand
npub1kl…lx3vt
2024-05-06 13:22:53
in reply to nevent1q…8cu4
Author Public Key
npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vtPublished at
2024-05-06 13:22:53Event JSON
{
"id": "2a8761cf5a818e9c9da894e2b788a4b327a047e9f397953d4790168e31676582",
"pubkey": "b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc",
"created_at": 1715001773,
"kind": 1,
"tags": [
[
"e",
"36ebc2073ec2c7d927baa99e8c722176abd1e828c94f528441ee6f35f36ea3bc",
"",
"root"
],
[
"p",
"2183e94758481d0f124fbd93c56ccaa45e7e545ceeb8d52848f98253f497b975"
]
],
"content": "That's pretty cool.\n\nDownsides seem to be that there is no denial of service protection across rounds, the same utxo can disrupt many rounds. A centralized coordinator banns a utxo for numerous rounds.\n\nAlso blockspace efficiency is not great, a single equal denomination means users need to do a lot of rounds and create / spend many coins. I don't know how this can be fixed though, maybe some ring signature credential that commits to a homomorphic value commitment, something like Wabisabi kvac but with federeted authorship. ",
"sig": "bb56b9fd766d04243babe48cacdfe862954f49fb5cd9edbc84388ae41851a613f9c37933c232302877837b011b26e2b2b07c9b38ad50815cc8ab3f989a12e5ed"
}