THE BLACK HOLE: An incentive compatible loop constructed from coinjoin transactions that pays liquidity providers and never terminates privacy for any participant. Whales and high time preference spenders fund the fees to churn anonymous coins through the machine. Merchants and low time preference users reduce their fees (or profit).
Depth 1 is the user's wallet entry point, contains coins that should never be spent: New coins sent to a fresh BIP32 address, silent coins sent to a SP donation address, and attack coins which were sent to a used address
Depth 2 is the wallet respawn point, contains pre-ZL JMM change outputs, any PJ output, and any WS change output
Depth 3 is THE BLACK HOLE entry point, contains ZL eligible coins (Feeder outputs, WS equal outputs, and ZL remixes)
Depth 4 contains Blackholed coins for JM remixing (equal size), which get consumed as inputs for PJ receivers, may randomly be sent back to Depth 2 or Depth 3
Depth 5 contains Blackholed coins for JM remixing (change outputs), may randomly be sent back to Depth 2
Depth 6 contains Blackholed Joinmarket taker coins that never get offered, exit point for large value coins, may randomly be sent back to Depth 2 or 3 or terminated by sending to the user's cold storage (It's so over)
All users intersect with WS (PJ max privacy fallback), PJ sender (WS low cost fallback), PJ receiver (positive incentives), JM maker (positive incentives). The only flows that increase the user's end cost are JM takers (whales), Payjoin senders (low time preference), ZL remixers (perfect block space efficiency). WabiSabi participants who split their outputs into standard denominations pay ~6x more in fees, but it is still possible to opt out of equal denomination creation to coinjoin at a reduced marginal cost with increased marginal privacy compared to solo payments.
One set of users provides the mining fee to push funds through the entire system and subsidize another set of users. Default behaviors for all users will randomize and overlap and intersect at THE BLACK HOLE, so any coinjoin participant could be any other coinjoin participant. Every user has the incentive to receive Payjoins and remix as a Feeder or Maker. ZL remixers can probably get a micro maker/taker model inside that system.
This operating system passively destroys every UTXO that is not a standard WabiSabi denomination if the user waits long enough. Attack coins and Dust UTXOs can be discarded to miners below a certain amount. The gears in the machine rotate silently and perpetually, all orbiting coins collapse into the center.
Legend: WSC (WabiSabi Consolidation), WSP (WabiSabi Batched Payment), WSR (WabiSabi Remix), WSCT (WabiSabi Cut-Through, a single tx that efficiently combines WSC and WSP) ZL (ZeroLink, always a remix), JMT (JoinMarket Taker, optionally reveals CIOH), JMM (JoinMarket Maker, a remix that reveals CIOH and creates toxic change), JMF (JoinMarket Feeder, a new coinjoin type that Takers use to rebalance standard denominations), PJS (Payjoin Sender) and PJR (Payjoin Receiver), a confidential payment combining inputs of senders and receivers of supporting wallets
Depth 1 is the user's wallet entry point, contains coins that should never be spent: New coins sent to a fresh BIP32 address, silent coins sent to a SP donation address, and attack coins which were sent to a used address
Depth 2 is the wallet respawn point, contains pre-ZL JMM change outputs, any PJ output, and any WS change output
Depth 3 is THE BLACK HOLE entry point, contains ZL eligible coins (Feeder outputs, WS equal outputs, and ZL remixes)
Depth 4 contains Blackholed coins for JM remixing (equal size), which get consumed as inputs for PJ receivers, may randomly be sent back to Depth 2 or Depth 3
Depth 5 contains Blackholed coins for JM remixing (change outputs), may randomly be sent back to Depth 2
Depth 6 contains Blackholed Joinmarket taker coins that never get offered, exit point for large value coins, may randomly be sent back to Depth 2 or 3 or terminated by sending to the user's cold storage (It's so over)
All users intersect with WS (PJ max privacy fallback), PJ sender (WS low cost fallback), PJ receiver (positive incentives), JM maker (positive incentives). The only flows that increase the user's end cost are JM takers (whales), Payjoin senders (low time preference), ZL remixers (perfect block space efficiency). WabiSabi participants who split their outputs into standard denominations pay ~6x more in fees, but it is still possible to opt out of equal denomination creation to coinjoin at a reduced marginal cost with increased marginal privacy compared to solo payments.
One set of users provides the mining fee to push funds through the entire system and subsidize another set of users. Default behaviors for all users will randomize and overlap and intersect at THE BLACK HOLE, so any coinjoin participant could be any other coinjoin participant. Every user has the incentive to receive Payjoins and remix as a Feeder or Maker. ZL remixers can probably get a micro maker/taker model inside that system.
This operating system passively destroys every UTXO that is not a standard WabiSabi denomination if the user waits long enough. Attack coins and Dust UTXOs can be discarded to miners below a certain amount. The gears in the machine rotate silently and perpetually, all orbiting coins collapse into the center.
Legend: WSC (WabiSabi Consolidation), WSP (WabiSabi Batched Payment), WSR (WabiSabi Remix), WSCT (WabiSabi Cut-Through, a single tx that efficiently combines WSC and WSP) ZL (ZeroLink, always a remix), JMT (JoinMarket Taker, optionally reveals CIOH), JMM (JoinMarket Maker, a remix that reveals CIOH and creates toxic change), JMF (JoinMarket Feeder, a new coinjoin type that Takers use to rebalance standard denominations), PJS (Payjoin Sender) and PJR (Payjoin Receiver), a confidential payment combining inputs of senders and receivers of supporting wallets
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