Cryptocurrency: MATIC's ZKP Claims to Scale... Debunked

grarpamp grarpamp at gmail.com
Sun Dec 26 20:30:27 PST 2021


On 12/26/21, Steven Schear <schear.steve at gmail.com> wrote:
> In the paper referenced in
> https://www.coindesk.com/markets/2013/07/25/bitcoin-activists-propose-hard-fork-to-bitcoin-to-keep-it-anonymous-and-regulation-free/

Since scribd is a garbage site full of JS and DRM and broken junk,
you should download these two and post them where people
can get them without all that crap.

https://www.scribd.com/doc/155504246/bitcoin2
https://www.scribd.com/document/155504772/Bitcoin-2-Freedom-of-Transaction

> Cypherpunks recommended ways the Bitcoin blockchain might be made
> deterministic in length. Though not directly addressing the scaling issue
> it nevertheless would tackle other, for example, node resource issues. It
> would also prevent "submarining" issues with the huge number of early mined
> coins which have never moved and redistribution of lost coins.

So what they haven't moved, they are still someone's property which
by very nature of bitcoin no one has any ability to see or decide if they
are truly lost or passed on or not. Therefore all such redist proposals
are is both a) forced inflation, and b) outright theft. That's bad.

Now you might be able to develop a maintenance mining protocol
that once every N blocks physically copies those UTXOs out of old
blocks into either new coinbase inputs or into UTXO bring-forward
relocation blocks. And update index search to look to those.



Going forward, all coins that are claiming to retain cash and
gold's full set of features, need to deploy at least optional coin
privacy on by default. Bitcoin is not, and is quite unlikely to ever
be, that coin, and most certainly not under the current "dev" team.


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