Damus
ThomasV · 8w
It's not about delaying the transaction. If you only rely on CLTV, a spammer can mine a notarization transaction today and pretend that it has been published a long time ago. But you are right, the ...
SatsAndSports profile picture
The extreme case of this could be very interesting for game theory, leading to just one notary getting a very large monopoly

Imagine a single notary does a deal with all the big mining pools which together control 90% of hashrate

That notary could advertise: "give me 10 sats and I'll notarise it as 50 sats".

As they control 90% of hashrate, they will on average get 45 sats back from those 50, and hence the real cost to the notary is just 5 sats (on average) compared to the 10 sats that they earn from the creator of the nostr content

With CSV, the delay is just about 15 months, and that's short enough that the big notary is happy to wait

I think the only solution is to really make sure that today's miners don't see any value from the burning, so either notarizing to an OP_RETURN, or use CLTV to send it very far in the future

@c03rad0r , is this the right npub for Espen?: @Espen I think he had the same idea
1
Bugtus · 6d
> I think the only solution is to really make sure that today's miners don't see any value from the burning, so either notarizing to an OP_RETURN, or use CLTV to send it very far in the future What do you think of this as a solution? I think it might address some of the perverse incentives of proof...