Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Fragbait
on 11/09/2016, 15:48:50 UTC
Quick question, whats going to stop me from linking all of Satoshi Nakamoto's accounts? What kind of verification process is going to be in place to ensure that coins claimed are on a btc balance the claimer controls?
(not being negative, questions have to be asked)

If you are Satoshi, you are most welcome!!
If you are not, you probably can't use his keys.  To verify that you own the keys, we'll ask you to make a small 0.001 BTC payment from the address you claim to own.

Hi Tony CH - why not either

a) require an address to burn 1% of its balance instead of flat fee of 0.001 BTC
      - this wouldn't matter to small-medium holders at all, and
      - it would make the distribution better as a whale sitting on 10k BTC wouldn't probably want to spend all 100 BTC, and
      - it would prevent or at least make it hard for exchanges and other parties holding other people's coins to get large percentage for free

or

b) require a signed message from the claiming address instead of making a 0.001 BTC transaction
      - then people wouldn't have to make a tx that possibly compromises their privacy or loses them coins