> proof of burn clearly solves this, since nothing is held online
Well.. the coins to be burned need to be online when they're burned. But
yes, only a small fraction of the total coins need to be online.
> your burn investment is always "at stake", any redaction can result in a
loss-of-burn,
Before we can decide on tradeoffs that reduce security in favor of less
energy usage, or less inflation, or whatever goal you might have for
reducing (or delaying) coinbase rewards, we need to decide as a community
how much security bitcoin *needs*.
Do we need to be secure against an attacker
> I don't see a way to get around the conflicting requirement that the keys for
> large amounts of coins should be kept offline but those are exactly the coins
> we need online to make the scheme secure.
proof of burn clearly solves this, since nothing is held online
> how does proof of burn
