Yes, that is more what I mean. "Unlocking" can be system access or the ability to carry out a program function/action. Perhaps a paywall in front of where an encrypted key is entered.
The original post was about granting/protecting against unwanted access to a service. Putting unreasonable costs on an attacker is how to prevent attack.
Give me explicit technical detail on how the paywall functions.
How does the paywall determine a tx occurred? Then what?
I think the disconnect is that they think you can encumber a system using power as a control instead of logic
But the problem is that bitcoin necessarily has to use the logic of private key management to lay claim to *previously earned* proof of work
It would have to be pure proof of work only without bitcoin to decouple the functions. It is still a foolish proposal to me. Do you really wanna encumber an action solely by hoping you have the most PoW muscle? I can’t think of a scenario where it makes sense stand-alone.
POW = good Sybil resistance
Good Key management = good security
They’re loosely related but separate.
Right. Determining the ordering of transactions is PoW and secured by watts. Unlocking a given transaction is just logic via signature or other script.
