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To: Chris Belcher <belcher@riseup.net>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP proposal: Timelocked address fidelity bond
for BIP39 seeds
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Good morning Chris,
> Hello ZmnSCPxj,
>
> Renting out fidelity bonds is an interesting idea. It might happen in
> the situation where a hodler wants to generate yield but doesn't want
> the hassle of running a full node and yield generator. A big downside of
> it is that the yield generator income is random while the rent paid is a
> fixed cost, so there's a chance that the income won't cover the rent.
The fact that *renting* is at all possible suggests to me that the followin=
g situation *could* arise:
* A market of lessors arises.
* A surveillor creates multiple identities.
* Each fake identity rents separately from multiple lessors.
* Surveillor gets privacy data by paying out rent money to the lessor marke=
t.
In defiads, I and Tamas pretty much concluded that rental would happen inev=
itably.
One could say that defiads was a kind of fidelity bond system.
Our solution for defiads was to prioritize propagating advertisements (roug=
hly equivalent to the certificates in your system, I think) with larger bon=
ded values * min(bonded_time, 1 year).
However, do note that we did not intend defiads to be used for privacy-sens=
itive applications like JoinMarket/Teleport.
Regards,
ZmnSCPxj
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