--- Log opened Mon Aug 23 00:00:46 2021
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08:35 < xyy> random question — would a Fidelity Bond like concept also work with traditional Bitcoin nodes, to reduce the likelihood of Sybil attacks when using Tor / I2P as the main protocols?
08:37 < xyy> (I know such a big change would take forever to reach consensus, but I'm interested more from a theoretical perspective ... aka would it make sense if people were rational) 
08:37 < xyy> (we're getting dangerously close to PoS, haha)
09:02 < JoinMarketRelay> [hackint/kristapsk] xyy, I see a lot of potential use cases for fidelity bonds, but can't see that as one of them
09:39 < belcher> i thought about using fidelity bonds to make decentralized sidechains
09:40 < belcher> to be a sidechain miner you have to publish a fidelity bond, and you're can collect miner fees from the sidechain which acts as an incentive
09:41 < belcher> the problem i couldnt solve is: to put coins onto a sidechain you generally send them to a multisig address made up of all the sidechain miners, but if a new fidelity bond gets published you somehow need to update the multisig to add an extra pubkey, not really sure how to make that work for already-pegged coins
10:49 < waxwing> belcher, i don't know the answer but i believe the liquid people have been working on something called 'dynafed' which is related to what you're talking about
10:58 < belcher> ah ok interesting
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--- Log closed Tue Aug 24 00:00:48 2021