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Date: Wed, 25 Nov 2020 01:52:08 +0000
From: yanmaani@cock.li
To: AdamISZ <AdamISZ@protonmail.com>, Bitcoin Protocol Discussion
<bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] Bulletin boards without selective censorability
for bitcoin fungibility markets
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On 2020-11-23 12:24, AdamISZ via bitcoin-dev wrote:
> ‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
> On Monday, 23 November 2020 00:40, AdamISZ via bitcoin-dev
> <bitcoin-dev@lists.linuxfoundation.org> wrote:
>
>> Canvassing opinions/critiques from those working on bitcoin and
>> related protocols.
>>
>> See the attached gist for a write-up of an outline of an idea, which
>> is conceived for joinmarket but can apply in other scenarios where
>> there is market for liquidity and in which privacy is a very high
>> priority (hence 'bitcoin fungibility markets' can certainly include
>> coinswap along with coinjoin, but possibly other things):
>>
>> https://gist.github.com/AdamISZ/b52704905cdd914ec9dac9fc52b621d6
>
> Greg Maxwell pointed out to me on IRC that this idea doesn't work:
> there is only a receipt on the commitment to the offer (message) from
> the maker, not on the plaintext version, hence there is nothing
> stopping the maker from falsely claiming censorship after not sending
> the plaintext.
>
> Reflecting on this a bit more, my intuition is that this problem is
> much more difficult than I had hoped; if there is a solution I suspect
> it involves much more sophisticated ideas. Many solutions just end up
> begging the question by presuming the existence of an uncensorable BB
> in order to create a new one; and/or use the blockchain for that
> function, but that is too slow and expensive, usually. I'd be happy to
> be proved wrong, though :)
>
> waxwing
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
Blockchains are bad for this, because you don't want for it to cost
money to use your bulletin board. However, the problem was solved more
than a decade ago. Look into FMS, which combines Usenet/mailing lists
with a web of trust for spam resistance.
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