[bisq-network/proposals] Proof of burn (#55)

[Manfred Karrer]

> _This is a Bisq Network proposal. Please familiarize yourself with the [submission and review process](https://docs.bisq.network/proposals.html)._

I just implemented a proof of burn feature into the DAO. This proposal is more to give a overview about the concept.

One possible application for that feature is distributing BTC as BSQ to the stakerholders. E.g. the funds from the BTC donation address could be sold to BSQ and then burned and that way distributed to all stakeholders. There are probably other use cases like reputation by burning BSQ but the bonded reputation is likely more interesting for that, but maybe there are some special cases where burning is fulfilling some requirements and bonds not. 

One can use the pre-image to proof that he was the creator of the tx, but thats basically a one time proof as afterwards the pre-image is shared. Then by signing and verifying one can proof to be the owner of the proof of burn tx. For sig/verification the 1st input key is used.

-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/proposals/issues/55
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20181111/4a949df5/attachment.html>