Author: AdamISZ 2020-11-23 00:40:56
Published on: 2020-11-23T00:40:56+00:00
The author of the attached gist has proposed an outline for an idea that can be applied to scenarios where there is a market for liquidity and privacy is a high priority, such as Bitcoin fungibility markets. The proposal aims to make selective censorship difficult using cryptographic blinding and a proof-of-misbehavior approach. The design is not specific to CoinJoin and would work similarly for other bitcoin-native systems where the concept of a "liquidity maker" applies. The proposed model would allow Joinmarket or similar systems to run on a single bulletin board server with reduced resource requirements. The current redundancy model used in Joinmarket, which relies on 2-3 independent IRC servers, has limitations due to the possibility of collusion among servers to selectively censor participants. The proposed design aims to disincentivize censorship and make it difficult to achieve.
Updated on: 2023-06-14T16:20:25.490180+00:00