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To: LORD HIS EXCELLENCY JAMES HRMH <willtech@live.com.au>
From: ZmnSCPxj <ZmnSCPxj@protonmail.com>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Taproot NACK
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Good morning,
> Good afternoon,
>
> That is not desirable since yourself and I cannot prove the property of t=
he UTXO when it is further spent unless we can ourselves scrutinize it.
What property *needs* to be proven in the first place?
I suspect you are riding too much on your preferences and losing sight of t=
he end goal I am pointing at here.
If your goal is to promote something you prefer (which you selected for oth=
er reasons) then the conclusion will be different.
I already laid out the necessary goal that I consider as necessary:
> The entire point of a public blockchain is to prevent uncontrolled forger=
y of the coin.
Given the above, it is not *necessary* to prove *any* property of *any* UTX=
O other than the property *this UTXO does not create more coins than what w=
as designed*.
The exact value of that coin, the public key of that coin, *when* the coin =
was spent and for *what* purpose are not *necessary*, the only thing necess=
ary to prove is that inputs =3D outputs + fee.
Indeed, the exact values of "inputs" and "outputs" and "fee" are also not n=
eeded to be verifiable, only the simple fact "input =3D outputs + fee" need=
s to be verifiable (which is why homomorphic encryptions of input, output, =
and fee are acceptable solutions to this goal).
It is immaterial if you or I *can* or *cannot* prove any *other* property, =
if the goal is only to prevent uncontrolled forgery.
If your definition of "fraud" is broader, then please lay it out explicitly=
.
As well, take note that as I understand it, this is largely the primary pro=
blem of cryptocurrencies that existed long before Bitcoin did; it is helpfu=
l to remember that Chaumian banks and various forms of e-cash existed befor=
e Bitcoin.
Regards,
ZmnSCPxj
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