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Comments (4)

itamarro avatar itamarro commented on May 25, 2024

Has to be part of the blockchain rules

from server.

itamarro avatar itamarro commented on May 25, 2024

Trying to find an easy way that would work for people who use multisig bitcoin wallets - e.g. Electrum with 2FA, which is a common setup. If I don't find a better way, we'll use the prove-by-message way, with the TXID that moved the funds to the PZ as the message.

from server.

itamarro avatar itamarro commented on May 25, 2024

We have an initial proof-of-ownership mechanism now - a payment/withdrawal has to be submitted with the deposit transaction ID signed via the private key of the depositor.

Of course, once this has been done once, the proof-of-ownership is visible for all to copy and use, so this is only the first step towards solving this.

from server.

itamarro avatar itamarro commented on May 25, 2024

Note - the current tentative plan is to for each proof-of-ownership to be done as follows.

I. Get the initial value:
I.1. If it's the first proof - the prover's first bitcoin deposit transaction ID to this Payment Zone
I.2. Otherwise - the previous proof

II. Sign what you got in the previous step the prover's private key. That's your proof-of-ownership.

from server.

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