Author: Jeff Garzik 2013-05-13 18:38:15
Published on: 2013-05-13T18:38:15+00:00
The email thread discusses merge-mining and its benefits. It also mentions Peter's coinbase hashcash protocol that ensures the amount of value the miner would have then given away in an "anyone-can-spend" output. The email provides three choices to destroy bitcoin, including merged-mine, destroy-via-miner-fee, and anyone-can-spend. It also introduces a decentralized way to create an anonymous identity called SIN, which has a creation cost attached to prevent creating a billion such tokens. One idea for creation cost of a SIN was associating it with a bitcoin transaction's miner fee. The burn-via-miner-fee is a useful tool outside this example, as it funds a public service, providing a positive feedback loop for miners who receive fees via such services.
Updated on: 2023-06-06T16:44:11.025564+00:00