Re: [bitcoin-dev] Bitcoin Legal Defense Fund

2022-01-12 Thread SatoshiSingh via bitcoin-dev
> The main purpose of this Fund is to defend developers from lawsuits regarding 
> their activities in the Bitcoin ecosystem, including finding and retaining 
> defense counsel, developing litigation strategy, and paying legal bills.

Here in India we have the Internet Freedom Foundation that does something 
similar but for digital freedom and privacy. They've been supportive to bitcoin 
and it would be cool if we can include them in this.

https://internetfreedom.in/

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Re: [bitcoin-dev] Opinion on proof of stake in future

2021-06-03 Thread SatoshiSingh via bitcoin-dev
Great conversation everyone. I'm happy we're still engaged with this 
discussion. To add food for thought I'm bringing back something that was 
introduced in this mailing list sometime ago, which is Proof of Less Work.

PoLW may or may not be it but we can certainly get more ideas from it to keep 
the discussion going.

https://raw.githubusercontent.com/alephium/research/master/polw.pdf


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[bitcoin-dev] Opinion on proof of stake in future

2021-05-07 Thread SatoshiSingh via bitcoin-dev
Hello list,

I am a lurker here and like many of you I worry about the energy usage of 
bitcoin mining. I understand a lot mining happens with renewable resources but 
the impact is still high.

I want to get your opinion on implementing proof of stake for bitcoin mining in 
future. For now, proof of stake is still untested and not battle tested like 
proof of work. Though someday it will be.

In the following years we'll be seeing proof of stake being implemented. 
Smaller networks can test PoS which is a luxury bitcoin can't afford. Here's 
how I see this the possibilities:

1 - Proof of stake isn't a good enough security mechanism
2 - Proof of state is a good security mechanism and works as intended

IF PoS turns out to be good after battle testing, would you consider 
implementing it for Bitcoin? I understand this would invoke a lot of 
controversies and a hard fork that no one likes. But its important enough to 
consider a hard fork. What are your opinions provided PoS does work?

Love from India.
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[bitcoin-dev] Sorting outputs of a transaction in alphabetic order to protect privacy

2020-04-30 Thread SatoshiSingh via bitcoin-dev
Hi list. I've been a lurker for quite sometime and this is my first post.

The problem I'm addressing is that generally wallet devs construct the tx with 
the 2nd output being of the sender as change. This helps chain analysers to 
identity addresses and invade the users privacy.

I'm suggesting to sort the outputs in alphabetic order (or by pure random 
order) before broadcasting. This way the chain analyser cannot be sure which 
output is the change output and will improve privacy a little.

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