Date: Mon, 16 May 2022 11:26:38 +0000
To: Chris Belcher <belcher@riseup.net>,
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
From: ZmnSCPxj <ZmnSCPxj@protonmail.com>
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Subject: Re: [bitcoin-dev] Improving chaumian ecash and sidechains with
	fidelity bond federations
Precedence: list


Good morning Chris,

> I don't know yet exactly the details of how such a scheme would work,
> maybe something like each fidelity bond owner creates a key in the
> multisig scheme, and transaction fees from the sidechain or ecash server
> are divided amongst the fidelity bonds in proportion to their fidelity
> bond value.

Such a scheme would probably look a little like my old ideas about "mainsta=
ke", where you lock up funds on the mainchain and use that as your right to=
 construct new sidechain blocks, with your share of the sideblocks proporti=
onal to the value of the mainstake you locked up.

Of note is that it need not operate as a sidechain or chaumian bank, anythi=
ng that requires a federation can use this scheme as well.
For instance, statechains are effectively federation-guarded CoinPools, and=
 could use a similar scheme for selecting federation members.
Smart contracts unchained can also have users be guided by fidelity bonds i=
n order to select federation members.

Regards,
ZmnSCPxj