> El Gamal commitments, for example, are perfectly binding but only
computationally hiding.
That's very interesting. I stand corrected in that respect. Thanks for the
information Adam!
On Fri, Feb 25, 2022, 05:17 AdamISZ wrote:
> > I really don't see a world where bitcoin goes that route. Hidin
> I really don't see a world where bitcoin goes that route. Hiding coin amounts
> would make it impossible to audit the blockchain and verify that there hasn't
> been inflation and the emission schedule is on schedule. It would inherently
> remove unconditional soundness from bitcoin and replace
> what if/when we introduce some Monero-like system and hide coin amounts?
I really don't see a world where bitcoin goes that route. Hiding coin
amounts would make it impossible to audit the blockchain and verify that
there hasn't been inflation and the emission schedule is on schedule. It
would
> One thought I had was: what happens if/when it comes to pass that we
increase payment precision by going sub-satoshi on chain? It seems like it
would be fairly simple to extend that to ordinals by having fraction
ordinals like 1.1 or 4.85. Could be an interesting thought to add to the
proposal.
> When we talk about future improvements, there could be even bigger
problem with ordinal numbers: what if/when we introduce some Monero-like
system and hide coin amounts? (for example by using zero satoshi, because
we have to use something that will be backward-compatible). Zero is quite
interesti
> what happens if/when it comes to pass that we increase payment precision by
> going sub-satoshi on chain?
When we talk about future improvements, there could be even bigger problem with
ordinal numbers: what if/when we introduce some Monero-like system and hide
coin amounts? (for example by us
I think the proposal is interesting in that it could be an interesting way
to solve the dust problem. While most solutions to dust focus on reducing
how much are created and encouraging consolidating utxos to avoid them
becoming dust, this proposal could utilize dust for valuable purposes. Why
use
Not all people who have been stolen from believe that they have lost the
right and title to what has been stolen and in many cases they have not.
I do not excuse Bitcoin that it is impossible to have any individual
Bitcoin identified but also I do not care, if I receive Bitcoin honestly
I do no
What about zero satoshis?
A zero satoshi input or output carries no ordinals, so an ordinal index can
ignore them.
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> The system sounds expensive eventually to cope with approximately
> 2,100,000,000,000,000 ordinals.
What about zero satoshis? There are transactions, where zero satoshis are
created or moved. Typical users cannot do that, but miners can, we currently
have such transactions in the blockchain, f
At the moment it is indisputable that a particular satoshi cannot be
proven, an amount of Bitcoin is a bag of satoshi's and no-one can tell
which ones are any particular ones **so even if you used the system of
ordinals privately, and it might make interesting for research, I cannot
see that it
Well done, your bip looks well presented for discussion.
Thank you!
You say to number each satoshi created? For a 50 BTC block reward that is
> 5,000,000,000 ordinal numbers, and when some BTC is transferred to another
> UTXO how do you determine which ordinal numbers, say if I create a
> trans
Well done, your bip looks well presented for discussion. You say to
number each satoshi created? For a 50 BTC block reward that is
5,000,000,000 ordinal numbers, and when some BTC is transferred to
another UTXO how do you determine which ordinal numbers, say if I create
a transaction to pay-to
The least reasonable thing I could expect is some claimed former holder of
some ordianls turning up to challenge me that it was their stolen Bitcoin
was some of what I received.
I think it's unlikely that this would come to pass. A previous owner of an
ordinal wouldn't have any particular reason
Good afternoon list,
I've been working on a scheme of stable public identifiers that can be
used for a variety of purposes.
The scheme is extremely simple and does not require protocol-level
changes, but since different applications and wallets might use such
identifiers, standardizing and publis
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