--- Log opened Wed Jan 24 00:00:38 2024
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10:42 < VzxPLnHqr> can anybody here with more historical context provide some information as to why p2pool is no longer a thing for mainchain bitcoin?
10:43 < VzxPLnHqr> as I understand it, it is mostly because the coinbase transaction outputs end up being too large and thus take away from fee revenue -- is that accurate?
10:44 < VzxPLnHqr> (also, is this chat even used anymore?)
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16:26 < Ademan> A half-baked alternative proof-of-reserves scheme has been kicking around my head for a bit. You'd have a tap leaf that is something like OP_RETURN <pubkey>   and then the proving party would reveal this leaf and could provide signatures for <pubkey> without risking the real spending keys. The tap leaf would need to be such that multiple parties could not secretly have their own leaves claiming 
16:26 < Ademan> ownership (the first party to be challenged about ownership would reveal their leaf, and their co-conspirators would have to take action then to secure other coins in case they are challenged next) I suppose this means they need to reveal the whole tap tree down to that level (+ 1?) and also have a universally agreed upon level. I think putting it at the first level and proving that its sibling 
16:26 < Ademan> has two children would be enough? Obviously spending via "real" tap leafs would each cost 32 witness bytes more, but institutions can afford it lol
16:27 < Ademan> that should read "otherwise the first party to be challenged..."
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--- Log closed Thu Jan 25 00:00:39 2024