📅 Original date posted:2022-04-27
📝 Original message:We had a UTXO proof-of-stake website at some point during the
blocksize wars. A few people signed with a few thousand bitcoins, but
it was clear that most were not participating. I don't have a link.
Another old discussion link:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-June/002731.html
Erik Aronesty listed good issues, a few minutes ago.
Other issues:
- you're feeding the Chainalysis beasts, when hodlers move their UTXOs;
- signalling should be weighted by Bitcoin Days Destroyed [ref_bdd];
- Coinbase.com's interests are not sufficiently aligned to poll them; and
- yuk, it's voting.
Without supporting voting, I wish to note there is also one more way
to de-Sybil, via network analysis, historically labeled the Web of
Trust. It can be algorithmically blinded so as not to fit strongly
into your "KYC" category, despite using assertions about people that
do know each other as a ground truth.
[ref_bdd:]
https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed
Ryan Grant [ARCHIVE] /
npub19a…6mwcl
2023-06-07 23:08:29
in reply to nevent1q…ap0k
Author Public Key
npub19a2m7qm80t7mzhgqfgunswhm5c3q4fkqt89057ugy7u8jdxncf2q06mwclPublished at
2023-06-07 23:08:29Event JSON
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"content": "📅 Original date posted:2022-04-27\n📝 Original message:We had a UTXO proof-of-stake website at some point during the\nblocksize wars. A few people signed with a few thousand bitcoins, but\nit was clear that most were not participating. I don't have a link.\n\nAnother old discussion link:\n https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-June/002731.html\n\nErik Aronesty listed good issues, a few minutes ago.\n\nOther issues:\n - you're feeding the Chainalysis beasts, when hodlers move their UTXOs;\n - signalling should be weighted by Bitcoin Days Destroyed [ref_bdd];\n - Coinbase.com's interests are not sufficiently aligned to poll them; and\n - yuk, it's voting.\n\nWithout supporting voting, I wish to note there is also one more way\nto de-Sybil, via network analysis, historically labeled the Web of\nTrust. It can be algorithmically blinded so as not to fit strongly\ninto your \"KYC\" category, despite using assertions about people that\ndo know each other as a ground truth.\n\n[ref_bdd:]\n https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed",
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