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Yet another whitepaper drops (which doesn't require a change to Bitcoin.) This one, Durabit uses Bitcoin backed E-Cash to incentivize filesharing through torrents. This has been a CLASSIC altcoin project remember BTT (BitTorrent token on Tron)? I would love to see sats become the native currency of filesharing.

Someone from the Monero community commented on one of callebtc's posts, something like "let me know when you have significant DNM use with E-Cash." He has a point. But maybe filesharing could be the first real use case for Bitcoin E-Cash.

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Discussion

Timechain 2y ago

GitHub and whitepaper at Durabit.org

j 2y ago

Lightning required a change to Bitcoin

Timechain 2y ago

That it did, that it did. But I meant no changes from the Bitcoin people use today. Not the version from pre-August 2017, over six years ago.

j 2y ago

Lightning will need additional soft forks in order to be robust to less-trusted cpunterparties

Timechain 2y ago

Agreed (that's been even more clear than ever after this last week). I will say Bitcoin "was always meant to have" a covenant opcode though, and once did. It will eventually come.

j 2y ago

Well said