Re: [Bitcoin-development] Fidelity-bonded ledgers

2013-02-25 Thread Peter Todd
On Mon, Feb 25, 2013 at 09:44:58PM -0500, Peter Todd wrote: > Lets suppose we take away everything but the transaction/scripting One last thing: credit goes to Gregory Maxwell for his ideas about adding unspent-chaum-token redemption op-codes to Bitcoin proper that lead me down the path to the mor

[Bitcoin-development] Fidelity-bonded ledgers

2013-02-25 Thread Peter Todd
Lets suppose we take away everything but the transaction/scripting system from Bitcoin. What is left is basically a way for to prove that a set of pubkeys authorized the movement of coins from one place to another. Of course, such a system is flawed as a currency because of the double spend problem