STPI on Nostr: I think 3.2 and 3.3 is trying to implement a system similar to an auditable election ...
I think 3.2 and 3.3 is trying to implement a system similar to an auditable election ballot. Anyone that holds a token can verify the mint is recording his token and then add up the total balance of published tokens, and anyonr that holds an unaccounted-for token can provide proof of lack of reserve. This could work if channel balances on the lightning node are pubically verifiable, which they are not.
Published at
2024-01-23 16:14:41Event JSON
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"content": "I think 3.2 and 3.3 is trying to implement a system similar to an auditable election ballot. Anyone that holds a token can verify the mint is recording his token and then add up the total balance of published tokens, and anyonr that holds an unaccounted-for token can provide proof of lack of reserve. This could work if channel balances on the lightning node are pubically verifiable, which they are not.",
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