RE: Secrets of Bitcoin’s Dystopian Valuation Model

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Secrets of Bitcoin’s Dystopian Valuation Model

in bitcoin •  6 years ago 

It's my understanding that he can simply spend those coins to another 1x legacy address to remove taint. I believe a 3x address spending back to a 1xx address requires a signature in the blockchain, so when segwit rules stop being enforced by miners, the received transaction is still valid even though it came from a segwit address. I remember reading from the Trilema logs but not entirely clear if this is true in practice.

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It's my understanding that he can simply spend those coins to another 1x legacy address to remove taint.

That’s true as long as there will be no rollback to the tainted lineage. I have argued that rollback makes no sense from a game theoretic and economics analysis, thus rollback should not occur.