Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 67EBBD06 for ; Thu, 12 Jul 2018 08:05:57 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-lj1-f177.google.com (mail-lj1-f177.google.com [209.85.208.177]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id CF20576E for ; Thu, 12 Jul 2018 08:05:56 +0000 (UTC) Received: by mail-lj1-f177.google.com with SMTP id a6-v6so21324350ljj.7 for ; Thu, 12 Jul 2018 01:05:56 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; h=mime-version:from:date:message-id:subject:to; bh=9vCVBMzuPZZ41sZcpxtf6al6uJHCu+4UlOHYbf8MJf0=; b=ZPHR0iiJOMNhin0s739PPlGwCdroXCIlnfRpmihWKTwjGp9Y3x4cU+BnfWCuaCuvPJ hpoXsfYhy0yAaozBBmYy7Tr7T8eVxEd0Hd9W+eFWV8KY/1y2uJJmId/abHrbCzIOQVOj XoZ8cdM0AHe63NhX1f2CZmPnZYkOCBE5Ozcld/SdT/QNLiUb9/Hba6yU6weXMFJMAntE 4WK3X3SlN9p06A2jU/0P+KdL2Km0a8OLed1wivhh5UOmumO1my/bvpiUp87AAhsnmuZM oo6GJZuqi6J2UKxuFd7M/n3HdEfQr3vrxP2BapIAqZ6JYUDAuETqgdgxcEc5FLXT4k8N isNA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:mime-version:from:date:message-id:subject:to; bh=9vCVBMzuPZZ41sZcpxtf6al6uJHCu+4UlOHYbf8MJf0=; b=MKxiOwmsCi6dq4SK4xQGHcSkEKg32GN52kAUdZJlm3NSjTs0saDuP0WU6lfcKwBKJK E53f/3mwPedqglLszdYx5ZIs6uKDcOZ5lfIjquKek4gPaepqf7M3RGBe2OxhjBCUQ9Tn psyRymp5nRj66tnEecy0WGI969fd2r9s4y/zCcjfPe0XFtmrRqcSYu1adc//A4lb3l7t ar3Zkcf5HuP8CfMYxQjtCscWpEJjRN+C9disqTpnVu9ie2TpnLgNfFRRh6jtMkHOaqXA RS/kZ884CMmG/MHLDU6nVaCzskMMh8Jlz6j14o3WhdGe5bJqyJFdG3yrStpQ7uFrnU7u CaYA== X-Gm-Message-State: APt69E2cnsJyk5sET73xMEErBSMruwhbCvSP6rutM39EXrbh2AU3ni93 11Xd22JR9t/s9bss45GeDf+IBGHLTI8sfBLxrv8BuP84 X-Google-Smtp-Source: AAOMgpfEZGYvsph15S8xYVyFS49EG/Lp6v0E6cqsD3sjJm1epsFHThrP1H2c/bKSK03ZgXGi4f5daxySgZXeDDDM9eE= X-Received: by 2002:a2e:80d3:: with SMTP id r19-v6mr17102898ljg.85.1531382754814; Thu, 12 Jul 2018 01:05:54 -0700 (PDT) MIME-Version: 1.0 From: PJ Fitzpatrick Date: Thu, 12 Jul 2018 09:05:42 +0100 Message-ID: To: bitcoin-dev@lists.linuxfoundation.org Content-Type: multipart/alternative; boundary="0000000000001db0920570c8d572" X-Spam-Status: No, score=-2.0 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, HTML_MESSAGE, RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org X-Mailman-Approved-At: Thu, 12 Jul 2018 22:46:36 +0000 Subject: [bitcoin-dev] Transaction Coins X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 12 Jul 2018 08:05:57 -0000 --0000000000001db0920570c8d572 Content-Type: text/plain; charset="UTF-8" I am considering a method to derive digital scarcity from bitcoin transactions. Coins are created from transactions if their hash is among the closest n to the non zero portion of the block hash. Only a single coin can be created per transaction irrespective of the size of the transaction. Therefore n coins are created per block. The initial coin supply and addresses can be fully determined by the existing blockchain. Additionally coins are scarce as coins can only be produced by transactions. There are a number of variants such as creating computation puzzles from the previous block. Has anyone seen anything similar. PJ Fitzpatrick --0000000000001db0920570c8d572 Content-Type: text/html; charset="UTF-8"

I am considering a method to derive digital scarcity from bitcoin transactions. Coins are created from transactions if their hash is among the closest n to the non zero portion of the block hash. Only a single coin can be created per transaction irrespective of the size of the transaction. Therefore n coins are created per block.

The initial coin supply and addresses can be fully determined by the existing blockchain. Additionally coins are scarce as coins can only be produced by transactions.

There are a number of variants such as creating computation puzzles from the previous block.

Has anyone seen anything similar.


PJ Fitzpatrick


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