IMO there's almost no chance your proposal will be applied on Bitcoin network. Anyway, your proposal is very long and there are many questionable technical detail. Here are few of those,
Transaction Lifecycle Modifications- FlaggedTransaction Creation: When a user detects unauthorized access or theft, they can initiate a FlaggedTransaction via their wallet interface. This transaction includes the transaction ID of the suspicious transaction, a digital signature of the claimant, and a preliminary evidence package.
- Temporary Transaction Freeze: Upon network acceptance of a FlaggedTransaction, the disputed funds are temporarily frozen, preventing any further transfers. This state is maintained until the resolution of the claim.
How many FlaggedTransaction can be created by someone? How does it handle TXID which involve multi-sig address where multiple people may be involved?
Community Verification Nodes (CVNs) Setup- Node Selection: Nodes apply to become CVNs by submitting a proof of stake and a reputation score, derived from their historical activities and peer reviews within the network. The selection process is automated, governed by smart contracts to ensure fairness and transparency.
- Role of CVNs: CVNs are responsible for reviewing all submitted evidence, interacting with claimants, and possibly contacting involved parties for additional information. Their task is to assess the validity of the claim based on the evidence and vote accordingly.
How
exactly reputation score is determine? Is there any minimum Bitcoin amount before someone can submit a proof of stake? What happen if CVN doesn't bother do it's role? What if someone wish to become CVN without any on-chain blockchain history?
Voting and Consensus Mechanism- Voting Protocol: After reviewing the evidence, CVNs submit their votes through a secure blockchain interface. Votes are encrypted and revealed only after all CVNs have voted to prevent influencing decisions.
- Consensus Achievement: A transaction is reversed only if a supermajority (e.g., 75%) of CVNs agree that the evidence substantiates the theft claim. This high threshold ensures that reversal is truly reflective of community consensus.
Does all CVN have same vote weight or the weight determined based on amount of staked Bitcoin?
How many FlaggedTransaction can be created by someone? How does it handle TXID which involve multi-sig address where multiple people may be involved?
The proposal includes a safeguard to prevent abuse through the implementation of a fee structure for initiating FlaggedTransactions. This fee is designed to be significant enough to deter frivolous claims—set at 10% of the transaction value or a minimum fixed amount, whichever is greater. The exact value can be adjusted based on community consensus to ensure it serves as an effective deterrent without being prohibitively expensive for legitimate claims. This fee is non-refundable, which further ensures that only serious cases are brought forward. For multi-sig transactions, all signatures required by the wallet configuration must agree to initiate the FlaggedTransaction, maintaining the decentralized and democratic ethos of the network.
How exactly reputation score is determine? Is there any minimum Bitcoin amount before someone can submit a proof of stake? What happen if CVN doesn't bother do it's role? What if someone wish to become CVN without any on-chain blockchain history?
The reputation score is calculated based on past activities and contributions within the network. A minimum amount of Bitcoin is required to stake to become a CVN, aligning their incentives with the network's health. If a CVN fails to perform their duties, they risk losing their stake and damaging their reputation, which can disqualify them from future participation. New participants can build their reputation through smaller, verifiable actions on the network before applying to become a CVN.
Does all CVN have the same vote weight or the weight determined based on the amount of staked Bitcoin?
All CVNs have equal voting weight, regardless of the amount of Bitcoin they have staked. This is to ensure fairness and prevent wealthier nodes from having disproportionate control over the reversal process.