Thank you, that's an interesting application of OP_CTV.
Perhaps worth pointing out that this does not require OP_CTV but could also be
enabled by other covenant constructions. For example, it seems like
ANYPREVOUT-based covenants provide similar benefits. The script of the Taproot
leaves could be
Hi Billy,
I read through the description. I think systems like this *mostly* fail due to
game theory.
With punishment-by-burn you have various issues that make it to my mind pretty
unstable, too unstable to use for any serious system. To be fair, this isn't
cut-and-dried. So let me unpack:
(I
There was a protocol someone mentioned a while back called Sabu that had
the same goals. As i recall, it had some pretty promising constructs, but
would have a critical vulnerability that could be exploited by miners. This
is the write up:
https://raymo-49157.medium.com/time-to-boost-bitcoin-circu
