sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<bsm117532>
andytoshi: receiving keys could be hot, sending cold.
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<sipa>
i don't tink there is anything a receiver-signs accomplishes better than clear policies around what constitutes a valid payment
<sipa>
e.g. if you're worried about being able to prove a payment was sent, you should obtain something like a identity-signed messages confirming that a payment of amount A by date D to script S will be a payment for X
<sipa>
that doesn't sound harder than actually adding signatures to the transactions, in theory
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<bsm117532>
sipa: tranditional assets have the capability to refuse receiving, and it's highly desired by institutional players. Would address the airdrop problem too.
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<sipa>
bsm117532: you can refuse receiving by simply not treating an airdrop as a payment
<bsm117532>
Yeah two different problems. You can ignore airdrops as long as the government doesn't charge you taxes on them.
<bsm117532>
But if the main coin had a receiving-key functionality, receiving both the main coin and airdrops would be impossible.
<sipa>
airdrop by forking the UTXO set can't be prevented
<bsm117532>
True...
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<yanmaani>
Why not just do it the other way around? Make a coin where, by consensus, there is an operation which makes it so that only Charles P. Rettig, Commissioner of Internal Revenue, can spend the coins. Then premine all the block rewards, sell 0.01% of the total supply to a friend for 1 bitcoin, and give the rest to chuck r
<yanmaani>
then call the IRS on him unless he declares $59.994 million of capital gains
<yanmaani>
(assuming XBT 1 = USD 6000)
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