@Scoresby220
stacking since: #74100longest cowboy streak: 220
Biden drops out of US presidential race, but does not resign presidency.
Dem convention is very boring and controlled, no wildness.
Harris becomes Dem candidate even though most don't want her.
I was just typing this in reply to your comment above:
It would seem to be our duty then to combine tainted inputs with as many outputs as possible.
We should make something like the ordinal people use, but for finding sanctioned utxos so that we can try to spend them as widely as possible.
Fair point, but I'm trying to get at the basic illogic behind these people who are trying to claim 1 sat != 1 sat
You can't really say the sats in any input end up in any particular output. So it seems like they try to say all outputs from a txn that has a tainted input are now tainted. The result is that there will come a point when most sats (if not all) sats are tainted.
With traditional bank accounts, I suppose the answer would be the whole account is tainted.
But with bitcoin's finite supply, doesn't this mean that before too long every utxo will be in an address on ofac's sanction list?
(If one tainted input means all outputs become tainted, the percent of utxos that are tainted will continually increase. It's contagious, like a disease or something, but no one ever gets cured)
Isnt Webcash Bryan Bishop's project? I think I heard him talk about it on Vlad's podcast or somewhere.
I don't understand what the benefit of non-chaumian ecash is. Wouldn't it mean the mint could see what you are doing, and if so why is it better than the current banking system?
Chaumian ecash is already a step in the direction of adding a third party, so why would we give up the benefits of privacy and censorship resistance and take on the third party risk?
Forgive me if I am misunderstanding how webcash works. I need to look into it more.
It's more like ecash is a tool for bitcoiners to use. It lets bitcoiners do things they can't do with bitcoin (currently, maybe this changes) but it doesn't really scale bitcoin. It doesn't allow more people to use bitcoin because it's not bitcoin. But it still may be useful.
Think about it this way: bitcoin is censorship resistant, fixed supply money. You can actually own bitcoin and no one can seize it from you.
But these attributes are not free. They come at a cost: 10 minute block times, limited block space, needing to run a node to verify the bitcoin you receive.
Things like ecash are being explored for use cases where people don't necessarily need or want to pay for all the heavy duty benefits of bitcoin, but they want some of the benefits.
I don't think this is connected, but also wasabi had something weird going on with their windows release on github: