Re: [bitcoin-dev] Purely off-chain coin colouring

2023-11-20 Thread vjudeu via bitcoin-dev
> Sign-to-contract looks like:   Nice! I think it should be standardized as some informational BIP. This is a similar case as with Silent Payments: it is possible to let users make their own commitments as they please, but if it will be officially standardized, then it will be possible to build

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-11-16 Thread Anthony Towns via bitcoin-dev
On Sat, Feb 04, 2023 at 08:38:54PM +1000, Anthony Towns via bitcoin-dev wrote: > > AJ Towns writes: > > > I think, however, that you can move inscriptions entirely off-chain. I > > > wrote a little on this idea on twitter already [1], but after a bit more > > > thought, I think pushing things even

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-04 Thread alicexbt via bitcoin-dev
Hi Anthony, > As far as salience/notability goes, personally, I'd see ownership of inscriptions as a negative indicator; "hey, when I was young and foolish I wasted x-thousand bytes on the bitcoin blockchain, pointlessly creating a permanent cost for everyone trying to use bitcoin in future".

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-04 Thread Aymeric Vitte via bitcoin-dev
I still don't see in both proposals how you avoid that someone steals your NFT, double mint it or sell it several time, because the thief can do the very same that what your are describing, a hash of the content is not enough, you can slightly modify an image or a document and it gives another

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-04 Thread Peter Todd via bitcoin-dev
On Sat, Feb 04, 2023 at 08:38:54PM +1000, Anthony Towns via bitcoin-dev wrote: > I think for bitcoin's blockspace, we ideally only want the first of > these to be true. We want small blocks because that makes it cheap to > verify bitcoin, which reduces the need to trust third parties and aids in >

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-04 Thread Anthony Towns via bitcoin-dev
On Thu, Feb 02, 2023 at 10:39:21PM -0800, Casey Rodarmor via bitcoin-dev wrote: > Apologies for posting! I've tried to keep discussion of ordinals and > inscriptions off-list, because I consider it to be of little relevance to > general Bitcoin development. Anything that potentially uses up a

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-03 Thread Casey Rodarmor via bitcoin-dev
Good evening list, Apologies for posting! I've tried to keep discussion of ordinals and inscriptions off-list, because I consider it to be of little relevance to general Bitcoin development. Also, apologies for the HTML mail, but I don't have my email client configured correctly. And finally,

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-02 Thread Aymeric Vitte via bitcoin-dev
I am not an expert with RGB, but it looks limited (only bitcoin chains from the github repo, apparently on hold), distributed over the "lightning network" or LN nodes (what is it?), or Bifrost extension, with a dubious token floating around, like ethereum mess as RGB docs describe Ethereum (and

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-02 Thread Peter Todd via bitcoin-dev
On Thu, Feb 02, 2023 at 07:15:33PM +1000, Anthony Towns via bitcoin-dev wrote: > Hi *, > > Casey Rodarmor's ordinals use the technique of tracking the identity of > individual satoshis throughout their lifetime: > I think, however, that you can move inscriptions entirely off-chain. I > wrote a

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-02 Thread alicexbt via bitcoin-dev
Hi Anthony, > I think, however, that you can move inscriptions entirely off-chain. I wrote a little on this idea on twitter already [1], but after a bit more thought, I think pushing things even further off-chain would be plausible. Whole point of inscriptions is to keep something on-chain

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-02 Thread Rijndael via bitcoin-dev
Hi AJ and List, This reminds me of a series of blog posts Peter Todd wrote a few years ago about using "single use seals" for tracking (fungible) assets anchored to Bitcoin[0]. I believe that the RBG Protocol Project and Taro are both using the same underlying principle. Having the actual

Re: [bitcoin-dev] Purely off-chain coin colouring

2023-02-02 Thread Aymeric Vitte via bitcoin-dev
In your system what is the off-chain mechanism? And what prevent a thief to steal your NFT? I have submitted several time "A Bitcoin NFT system" https://gist.github.com/Ayms/01dbfebf219965054b4a3beed1bfeba7 It's more simple, the NFT (whether real or electronic) is referenced by a initial hash

[bitcoin-dev] Purely off-chain coin colouring

2023-02-02 Thread Anthony Towns via bitcoin-dev
Hi *, Casey Rodarmor's ordinals use the technique of tracking the identity of individual satoshis throughout their lifetime: On Tue, Feb 22, 2022 at 04:43:52PM -0800, Casey Rodarmor via bitcoin-dev wrote: > Briefly, newly mined satoshis are sequentially numbered in the order in > which they are