Re: [bitcoin-dev] Spookchains: Drivechain Analog with One-Time Trusted Setup & APO

Hi Jeremy, Thanks for bringing back to awareness covenant-based drivechain designs again! I'm not super familiar with the thousands shades of sidechains, and especially how the variants of pegging mechanisms influence the soundness of the game-theory backing up the functionaries execution.

Re: [bitcoin-dev] Spookchains: Drivechain Analog with One-Time Trusted Setup & APO

Good morning Jeremy, Excellent work! > # Terminal States / Thresholds > > When a counter reaches the Nth state, it represents a certain amount > of accumulated work over a period where progress was agreed on for > some outcome. > > There should be some viable state transition at this point.

[bitcoin-dev] Spookchains: Drivechain Analog with One-Time Trusted Setup & APO

*also available here on my blog with nicer formatting: https://rubin.io/bitcoin/2022/09/14/drivechain-apo/ * This post draws heavily from Zmnscpxj's fantastic post showing how to make drivechains with recursive covenants. In this post, I will