CryptoDrew on Nostr: This is absolutely not describing Ordinal Theory, it works exactly the same as how a ...
This is absolutely not describing Ordinal Theory, it works exactly the same as how a bitcoin UTXO works where every UTXO still has a branchable value, except this will limit to a single input UTXO.
A single UTXO cannot be collected since it is spent by the signer and new UTXOs are generated as output.
I am suggesting that people may have an interest in holding onto a UTXO that has a short ancestry. Which is not necessarily due to just novelty, but also since it requires less storage to hold the fewer ancestors and less effort by a validator to validate the shorter history.
Published at
2024-01-17 03:45:06Event JSON
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"id": "355355427c16e55f18226c122ac220e36f2bc77f521dfa9015a2bb3d4f1ab939",
"pubkey": "81e80c46b9bd0b7c564f59864527fa5f1cc94ea68a07f286858984a341b0a2e8",
"created_at": 1705463106,
"kind": 1,
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"content": "This is absolutely not describing Ordinal Theory, it works exactly the same as how a bitcoin UTXO works where every UTXO still has a branchable value, except this will limit to a single input UTXO.\n\nA single UTXO cannot be collected since it is spent by the signer and new UTXOs are generated as output.\n\nI am suggesting that people may have an interest in holding onto a UTXO that has a short ancestry. Which is not necessarily due to just novelty, but also since it requires less storage to hold the fewer ancestors and less effort by a validator to validate the shorter history.",
"sig": "9c60456aadaf924cfcb050d1cfd46a6f87abbecfa0fd4e4b0028163e758d6d27f4661ddb19a311e25c2fce40d7d939c6f16b72b69f7d312409c293bc7793b5db"
}