Replying to Avatar JD

#AskNostr A while back I came across an idea of swapping BTC priv keys P2P instead of swapping coins from 1 address to another. All done with good and private cryptography.

Basically a zero fee way to transact. The sats don't move.

But it also addressed how to alter the mechanism of holding a known priv key to make it only usable by yourself/the new key holder now.

I thought this was called #Ark or arch, but it seems like Ark is soemthing different.

What did I read? Am I dreaming this?

😵‍💫🤔
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Nemo 1y ago 💬 1

Isn’t this just Open Dime?

In this case you are just loading a device that carries the unknown private key, only revealing it and enabling spending once it is physically altered, which ensures that spender won’t have a duplicate key.

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JD 1y ago 💬 1

Conceptualizing...

This was software and code tho...

But sort of along those lines...

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Nemo 1y ago 💬 1

Ah. That would be an interesting implementation.

Seems to have parallels to Rai Stones, passing ownership of the value rather than “moving” the value itself.

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JD 1y ago

Yes exactly.