JackTheMimic on Nostr: There are implementations of several with different trade offs. Liquid being a ...
There are implementations of several with different trade offs. Liquid being a side-chain is interesting though 11/15 custodians need trust. There's something I have been tossing around that you could essentially create unlockable UTXOs as a sort of Layer one Treasury for a layer two token whose transference provides a nonce to unlock the underlying locked bitcoin. But, I am not a good enough cypherpunk to code it without having serious flaws. Though, I do believe it's possible, juwt not in my hands. This opens the door for minimum sized UTXOs to be established so the "I won't be able to spend my Bitcoin later" people can stop complaining. Also, with value appreciation, Those Minimum sized UTXOs allow for much more market expansion within a single treasury lock up. And anyone could make it without being a "custodian" (because once they spend the commensurate tokens they are divested from the treasury.
But that's all I have personally. I'm sure this can be flushed out more.
Published at
2025-02-04 10:53:59Event JSON
{
"id": "da5098a9bc7b5ae97b9674cef93429de3edd4726c50e994a05c120843076e914",
"pubkey": "dd1f9d502c7951df47e8f8ed245e8bfa24f7e82c28f19399a8f0e74b06113a21",
"created_at": 1738666439,
"kind": 1,
"tags": [
[
"e",
"5ec23c058982eb06ce719d4e481938dc326f68a0bdd085efc99c00ebb187fe4c",
"",
"root"
],
[
"e",
"f7eeaf86ddeb00bd35c31937a5f37cf204695ddab26824a830098cd97ede6fb9"
],
[
"e",
"324a3dd888bd793c1eb3167cf4e590c7d80aa42e701dac75e3ea8adcf2212155",
"",
"reply"
],
[
"p",
"dd1f9d502c7951df47e8f8ed245e8bfa24f7e82c28f19399a8f0e74b06113a21"
],
[
"p",
"cf64c81cdaf336284ddd497eb4a1742e75dc6f22598b0bb79973128725663f6f"
]
],
"content": "There are implementations of several with different trade offs. Liquid being a side-chain is interesting though 11/15 custodians need trust. There's something I have been tossing around that you could essentially create unlockable UTXOs as a sort of Layer one Treasury for a layer two token whose transference provides a nonce to unlock the underlying locked bitcoin. But, I am not a good enough cypherpunk to code it without having serious flaws. Though, I do believe it's possible, juwt not in my hands. This opens the door for minimum sized UTXOs to be established so the \"I won't be able to spend my Bitcoin later\" people can stop complaining. Also, with value appreciation, Those Minimum sized UTXOs allow for much more market expansion within a single treasury lock up. And anyone could make it without being a \"custodian\" (because once they spend the commensurate tokens they are divested from the treasury. \n\nBut that's all I have personally. I'm sure this can be flushed out more. ",
"sig": "92fd7b948755ac9891161eadcd44efd7dd76bb50f7e66b0552c99886ca37f17b58d6a3b87898f2e64e7db1f0aa11c027d2a24d42d0a1ccd674811f13d6afafcb"
}