It's a great idea, and I hope it catches on

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f311fc24688cc7c9d9914ae582e6c56314f2eceb147c0dc4ad4a4e9f7ec47729...
It's a great idea, and I hope it catches on
It's important that the sats are either burned in a conventional way, like an OP_RETURN, or sent to miners in the future via anyone-can-spend outputs that are timelocked for a long time
Last time I checked, Thomas's implementation does the long-term lockup, but I'm not sure of the status of the paper.
The reason we can't burn them by giving them immediately to today's miners is that the miner could simply advertize a notarization service that says "give me 10 sats and I'll do 'fake notarization' for 1 million sats" where the miner just pays fees to themselves
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"content": "It's a great idea, and I hope it catches on\n\nIt's important that the sats are either burned in a conventional way, like an OP_RETURN, or sent to miners *in the future* via anyone-can-spend outputs that are timelocked for a long time\n\nLast time I checked, Thomas's implementation does the long-term lockup, but I'm not sure of the status of the paper.\n\nThe reason we can't burn them by giving them *immediately* to today's miners is that the miner could simply advertize a notarization service that says \"give me 10 sats and I'll do 'fake notarization' for 1 million sats\" where the miner just pays fees to themselves",
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