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provoost / Sjors Provoost
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2025-02-11 16:25:48

provoost on Nostr: I tried to find a good Bitcoin Stack Exchange article listing these trade-offs, but ...

I tried to find a good Bitcoin Stack Exchange article listing these trade-offs, but couldn't find one. There should be one though.
I don't have any specific soft-forks in mind. On chain privacy is a really tough problem to solve. For one thing there's a fundamental cryptographic trade-off where you either risk inflation or retractive total loss of privacy (perfect binding vs. perfect hiding, pick one).

At a more mundane level any advanced (compared to what we have now) cryptography makes auditing the supply more difficult, tends to need more block space, breaks pruning and might break lightning.
https://crypto.stackexchange.com/a/81074/109155
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