📅 Original date posted:2021-03-17
📝 Original message:Good Morning,
The Bitcoin you are spending must exist in compliance with consensus
so, if the details are obscured then it is not possible for me to
accept your Bitcoin, to say I refuse. Otherwise, it is not possible for
me to see immutably that they exist all the way to coin genesis, they
could be invented in the obfuscation even in the example the received
Bitcoin are discarded as fees and new Bitcoin are invented. In that
case the transaction is not in balance but, without public scrutiny it
is not possible to see.
It is also necesdsary to see who should be able to spend the UTXO to
prevent fraud, so that scrutability allows consensus driven fungibility
to be proven. If the transaction is not available to scrutiny at least
at the level of P2SH where the spend reveals the pay to script with all
the other conditions of consensus then fungibilty does not exist.
KING JAMES HRMH
Great British Empire
Regards,
The Australian
LORD HIS EXCELLENCY JAMES HRMH (& HMRH)
of Hougun Manor & Glencoe & British Empire
MR. Damian A. James Williamson
Wills
et al.
Willtech
www.willtech.com.au
www.go-overt.com
and other projects
earn.com/willtech
linkedin.com/in/damianwilliamson
m. 0487135719
f. +61261470192
This email does not constitute a general advice. Please disregard this
email if misdelivered.
On Wed, 2021-03-17 at 09:32 +0000, ZmnSCPxj wrote:
> What property *needs* to be proven in the first place?
> Given the above, it is not *necessary* to prove *any* property of
*any* UTXO other than the property *this UTXO does not create more
coins than what was designed*.
DA Williamson [ARCHIVE] /
npub10v…jek37
2023-06-07 18:29:34
in reply to nevent1q…37cw
Author Public Key
npub10v9f2ekn47vkv4j5z924y7ug84pupn2f24ymhz9lf4qga9hseeeqdjek37Seen on
wss://relay.nostr.bandPublished at
2023-06-07 18:29:34Event JSON
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"content": "📅 Original date posted:2021-03-17\n📝 Original message:Good Morning,\n\nThe Bitcoin you are spending must exist in compliance with consensus\nso, if the details are obscured then it is not possible for me to\naccept your Bitcoin, to say I refuse. Otherwise, it is not possible for\nme to see immutably that they exist all the way to coin genesis, they\ncould be invented in the obfuscation even in the example the received\nBitcoin are discarded as fees and new Bitcoin are invented. In that\ncase the transaction is not in balance but, without public scrutiny it\nis not possible to see.\n\nIt is also necesdsary to see who should be able to spend the UTXO to\nprevent fraud, so that scrutability allows consensus driven fungibility\nto be proven. If the transaction is not available to scrutiny at least\nat the level of P2SH where the spend reveals the pay to script with all\nthe other conditions of consensus then fungibilty does not exist.\n\nKING JAMES HRMH\nGreat British Empire\n\nRegards,\nThe Australian\nLORD HIS EXCELLENCY JAMES HRMH (\u0026 HMRH)\nof Hougun Manor \u0026 Glencoe \u0026 British Empire\nMR. Damian A. James Williamson\nWills\n\net al.\n\n \nWilltech\nwww.willtech.com.au\nwww.go-overt.com\nand other projects\n \nearn.com/willtech\nlinkedin.com/in/damianwilliamson\n\n\nm. 0487135719\nf. +61261470192\n\n\nThis email does not constitute a general advice. Please disregard this\nemail if misdelivered.\nOn Wed, 2021-03-17 at 09:32 +0000, ZmnSCPxj wrote:\n\u003e What property *needs* to be proven in the first place?\n\n\u003e Given the above, it is not *necessary* to prove *any* property of\n*any* UTXO other than the property *this UTXO does not create more\ncoins than what was designed*.",
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}