I appreciate the insights and suggestions provided, especially regarding the process of signing messages to prove ownership of a private key. To further clarify, I'm working on a concept where proving the initial ownership of a private key is central to the protocol.
From my understanding, signing a message and including it on the blockchain is one of the simplest ways to demonstrate control over a private key. However, this raises an interesting question: in the event of a private key collision, where two different users independently generate the same private key and sign messages with it in the same block, wouldn’t that create a conflict? It seems like a situation analogous to a "double spend" or a "double reserve" of the same key. Both parties could claim ownership at the same time in the same block.
To mitigate this, I’m considering an alternative approach: instead of relying solely on signatures, what if ownership was demonstrated by allocating a minimal amount of Bitcoin (e.g., 1 satoshi) to the address derived from the private key? This would tie the private key to an on-chain transaction, with the balance of the associated address acting as proof of ownership. The protocol could then verify ownership by checking whether the address has a balance of 1 at the time of the claim or reservation.
Would this method be effective in preventing collisions or conflicts? And within the Bitcoin protocol, could this be scripted in a way that ensures compatibility with its existing framework? Or is there a better way?