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MonegroThis has probably been asked before; but hypothetically, why couldn't Monero use zkp and add a mandatory field for "timelock." On the spend, you prove that the number of blocks since the output was created, is greater than the encrypted timelock, without revealing what it was.
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MonegroWouldn't that open the opportunity for PCNs?
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vostoemisio[m]Hey All,
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vostoemisio[m]I made a ccs proposal today for an animated video. Please read the description and feel free to give feedback and comment, thanks!
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vostoemisio[m]
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vostoemisio[m]//VOSTO
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revuoxmrRevuo Monero Issue 170: May 4 - 11, 2023. revuo-xmr.com/issue-170.html
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MoneroBroYou could always reopen Monero.Shopping :) : repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/360
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Rucknium[m]Monegro: AFAIK, Monero-style time locks on spending outputs cannot be used for payment channel networks. BTC time locks prevent a transaction from being included in the blockchain before a certain time.
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Rucknium[m]More info: monero-project/research-lab #78
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MonegroThanks Ruck. Yeah that makes sense. The ability for the counterparty to sweep the funds before timelock expires is a crucial feature of a payment channel in BTC. Not applicable to these timelocks
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DiegoSalazar[m]Dude watching this BTC thing go down is hilarious.
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DiegoSalazar[m]"Well at least it's good cuz now bitcoin is long term secure"
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DiegoSalazar[m]"No its actually bad because it's being used for shitcoins."
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DiegoSalazar[m]"It's good for bitcoin because it's a stress test and will lead to lightning adoption."
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DiegoSalazar[m]"Lightning is barely functional! Managing channels is a nightmare with these fees."
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DiegoSalazar[m]Like a bunch of headless chickens. Meanwhile let's check on Monero.
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DiegoSalazar[m]No mordinals, and if there was, dynamic blocksize so throughput is good long term.
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DiegoSalazar[m]And long term security already taken care of anyways as a cherry on top with tail emission (which also let's dynamic blocksize work)
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selstadid BTC find a solution to these BRC-20 spam?
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DiegoSalazar[m]I know I'm preaching to the choir here, but as a person who went to many crypto conferences for three years and spoke with so many maxis it's so validating. :P
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selstathis
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DiegoSalazar[m]selsta: Nope
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DiegoSalazar[m]And its not spam. They're paying for the blockchain space.
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DiegoSalazar[m]Hilariously a lot of "bitcoin only"s have said on Twitter that all this debacle is making them look at Monero.
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DiegoSalazar[m]
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selstaI've seen Vik tweet about $30 fees today :D
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Rucknium[m]Fees are way down over at bchmempool.cash ;)
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DanIsnotthemanBrYou find its the eth nft people liking how they can put there monkey memes on chain.
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DanIsnotthemanBr