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[103.168.172.144]) by gmr-mx.google.com with ESMTPS id 98e67ed59e1d1-365a53de31csi10937a91.1.2026.05.05.13.07.36 for (version=TLS1_3 cipher=TLS_AES_256_GCM_SHA384 bits=256/256); Tue, 05 May 2026 13:07:36 -0700 (PDT) Received-SPF: pass (google.com: domain of bitcoin-dev@lightco.in designates 103.168.172.144 as permitted sender) client-ip=103.168.172.144; Received: from phl-compute-04.internal (phl-compute-04.internal [10.202.2.44]) by mailfout.phl.internal (Postfix) with ESMTP id A0299EC02B6 for ; Tue, 5 May 2026 16:07:35 -0400 (EDT) Received: from phl-imap-15 ([10.202.2.104]) by phl-compute-04.internal (MEProxy); Tue, 05 May 2026 16:07:35 -0400 X-ME-Sender: X-ME-Proxy-Cause: gggruggvucftvghtrhhoucdtuddrgeefhedrtddtgddutddvieefucetufdoteggodetrf dotffvucfrrhhofhhilhgvmecuhfgrshhtofgrihhlpdfurfetoffkrfgpnffqhgenuceu rghilhhouhhtmecufedttdenucenucfjughrpefoggffhffvkfgjfhfutgfgsehtjeertd ertddtnecuhfhrohhmpefnihhghhhtuceosghithgtohhinhdquggvvheslhhighhhthgt ohdrihhnqeenucggtffrrghtthgvrhhnpefhvefhvdfhveeltdeuieeggfeuhffhfefghf ehvdffjeehgfeitddvudduleegvdenucevlhhushhtvghrufhiiigvpedtnecurfgrrhgr mhepmhgrihhlfhhrohhmpegsihhttghoihhnqdguvghvsehlihhghhhttghordhinhdpnh gspghrtghpthhtohepuddpmhhouggvpehsmhhtphhouhhtpdhrtghpthhtohepsghithgt ohhinhguvghvsehgohhoghhlvghgrhhouhhpshdrtghomh X-ME-Proxy: Feedback-ID: ic4c14615:Fastmail Received: by mailuser.phl.internal (Postfix, from userid 501) id 7E059780075; Tue, 5 May 2026 16:07:35 -0400 (EDT) X-Mailer: MessagingEngine.com Webmail Interface MIME-Version: 1.0 Date: Tue, 05 May 2026 16:07:15 -0400 From: Light To: bitcoindev@googlegroups.com Message-Id: <66cf83b4-c304-4a77-802b-96873b17ec6f@app.fastmail.com> In-Reply-To: References: Subject: Re: [bitcoindev] Re: The Bitcoin Lost and Found Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable X-Original-Sender: bitcoin-dev@lightco.in X-Original-Authentication-Results: gmr-mx.google.com; dkim=pass header.i=@lightco.in header.s=fm2 header.b=PrPCH8hy; dkim=pass header.i=@messagingengine.com header.s=fm3 header.b=nuAvggdp; spf=pass (google.com: domain of bitcoin-dev@lightco.in designates 103.168.172.144 as permitted sender) smtp.mailfrom=bitcoin-dev@lightco.in Precedence: list Mailing-list: list bitcoindev@googlegroups.com; contact bitcoindev+owners@googlegroups.com List-ID: X-Google-Group-Id: 786775582512 List-Post: , List-Help: , List-Archive: , List-Unsubscribe: , X-Spam-Score: -0.8 (/) Hi waxwing, thank you for your comments. > I'm probably against Recirculation as an idea. If even thinking about=20 > confiscation is a mistake (your "meta" comment; I agree), then maybe=20 > that's also true about changing system incentives with different=20 > redistributions. Maybe. An important distinction to me is whether the change is happening "in conse= nsus" or as a result of decisions made at the application layer. Since this= is an application layer standard, I'm less opinionated about what people c= hoose to do with coins they come into control of. That said, I would agree = that if the technical consensus is that some action would be overall *harmf= ul* to the network then we shouldn't encourage it (and creating a standard = like this is just short of encouragement). I haven't been convinced that Re= circulation is definitively or even more likely to be *harmful* to bitcoin = than no Recirculation (at least no more harmful than any other sudden influ= x of revenue for miners) but I am open to exploring this further if there i= s more to the analysis than that. I will say, I do like the relative neutra= lity of the no-Recirculation option ("lost coins are a donation to everyone= ", instead of only miners benefiting). > I'm thinking about taproot sans bip32. If can satisfy a script path spend= then you could in theory prove with (merkle proof + validating spend) insi= de a QR ZKP. No? Yes, excellent point. This should be added as a spending condition for the = Recovery address. Noted! --=20 You received this message because you are subscribed to the Google Groups "= Bitcoin Development Mailing List" group. To unsubscribe from this group and stop receiving emails from it, send an e= mail to bitcoindev+unsubscribe@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/= 66cf83b4-c304-4a77-802b-96873b17ec6f%40app.fastmail.com.