You should tie bitcoin to your npub. Because it's *useful.*
Right now, knowing your nsec is compromised requires the person who compromised it to be a white hat. That's the entire security model. I've thought about key compromise since day one and this solves a massive headache.
Bitcoin on the npub is the most explicit pay-for-your-privacy system online. You choose the size of the carrot, and you only pay if it fails. The money never leaves your hands unless your nsec is already compromised.
If the funds move, you know. Immediately. The more you leave on the npub, the harder it is for someone holding your nsec to sit still.
The previous incentive for black hats was to sit on an nsec as long as possible and collect as much compromising data as possible. Now they have to weigh stealing the funds directly vs hoovering up private data indefinitely. Every day they wait, they're paying an opportunity cost you set.
The effect is that your private DMs and other encrypted material are safer, because the sooner the canary dies, the sooner you move off the nsec and the less future data gets compromised.
@Alex Gleason @Vitor Pamplona
Right now, knowing your nsec is compromised requires the person who compromised it to be a white hat. That's the entire security model. I've thought about key compromise since day one and this solves a massive headache.
Bitcoin on the npub is the most explicit pay-for-your-privacy system online. You choose the size of the carrot, and you only pay if it fails. The money never leaves your hands unless your nsec is already compromised.
If the funds move, you know. Immediately. The more you leave on the npub, the harder it is for someone holding your nsec to sit still.
The previous incentive for black hats was to sit on an nsec as long as possible and collect as much compromising data as possible. Now they have to weigh stealing the funds directly vs hoovering up private data indefinitely. Every day they wait, they're paying an opportunity cost you set.
The effect is that your private DMs and other encrypted material are safer, because the sooner the canary dies, the sooner you move off the nsec and the less future data gets compromised.
@Alex Gleason @Vitor Pamplona
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