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@supertestnet
supertestnet / burrow.md
Last active April 18, 2024 11:03
Burrow: a federated coinpool built on hedgehog channels

Burrow

Burrow is a proposal for a federated coinpool on top of hedgehog channels. The coinpool can have a bunch of cool properties:

  • a single-honest-party assumption, so the federation can't rug any user unless the keyholders in the federation are all scoundrels

  • users can onboard into the pool without an on-chain transaction (e.g. maybe you send in coins via lightning, or maybe another user gives you your first coins from within the pool)

  • every onboarded user gets their own wallet interface with their own personal balance and Send/Receive buttons

@moonsettler
moonsettler / credit-ecash-wip.md
Last active April 3, 2024 11:10
Bitcoin denominated ecash without custodial risk

Bitcoin denominated ecash without custodial risk

In this scheme the ecash notes don't represent IOUs, the spent ecash notes represent the liability of the User towards the Mint

Abstract

Bitcoin denominated ecash credit secured by publicly arbitrated escrow providing symmetric trust/incentive relationship between Mint and User. Works similar to a credit card top-up scheme. Instead of depositing bitcoin to the Mint to get ecash issued, the Mint issues credit in the form of ecash. The spent ecash tokens represent the User's liability towards the Mint. The User must periodically provide proof of the unspent balance (turning in expired tokens, which can no longer be spent) and