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@RobinLinus
Last active April 2, 2024 16:31
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BitVM 2: Permissionless Verification on Bitcoin

moved here

@diyahir
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diyahir commented Mar 25, 2024

This is great!

A just a thought experiment on the ability to credibly threaten to burn a deposit

Attacker: Unless we split your future UTXO, I will burn it

How to perform attack? You could threaten the user, and request pre-signs a split of the future utxo with progressive amounts of fees until the whole thing is burned, if the user tries to send in another tx with a higher fee (front run the attack), the attacker sends in another presigned tx with more fees until the result is a burned UTXO.

The best option for the user is to accept the terms of the split

Is this theoretically possible?

@niconiconi
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The problem for BitVM is any colluding prover&challenger can disprove any valid statement which covers the truth

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