Another proposal from the same author:

https://github.com/koii-network/koii-improvement-proposals/issues/27

Hey

This is an interesting proposal called KIP-31 from the Koii Network, and figured it might be worth discussing here. It suggests a way to build decentralized apps using Bitcoin as the base layer — without needing to change Bitcoin’s consensus or add smart contracts to Layer 1.

Here’s the gist:

It uses drivechain-style rollups that anchor to Bitcoin for security

Subnets (basically fast, separate chains) are launched for actual computation

These subnets are permissioned using Bitcoin ordinals — so each one is registered on-chain

The whole thing is modular, optional, and leaves the Bitcoin base untouched

It’s not trying to turn Bitcoin into Ethereum or add complexity to the main chain. Think of it more like a side-layer that uses Bitcoin’s existing infrastructure (ordinals, drivechains) in a new way.

The idea is to let developers build DeFi, NFTs, or other apps while still settling everything back to Bitcoin. The permissioning via ordinals is the unique part  kind of like using inscriptions as access control or governance.

Here’s a breakdown if you want to dive deeper:

https://medium.com/@bobnymous/unlocking-bitcoins-potential-how-peer-to-peer-innovation-and-kip-31-could-transform-the-ecosystem-cde8d879fc09

Curious to hear what people think:

Is this a clever way to expand Bitcoin’s use cases, or just adding fluff?

Could Bitcoin benefit from being a secure base layer for other networks, or should it stick strictly to being money?

What’s your take on using ordinals for something functional like subnet management?

Personally, I think it’s an interesting approach since there are no forks, no changing consensus, and all optional.

So besides the low volume and low price is the project abandoned? Dev is MIA or doesn't seem to care it seems.

That can be probably because you are pool mining and not solo. But why mine this when it's already dead? Dev doesn't care and the volume is under 100$ per day.

This dev reminds me of KIIRO dev, with such arrogance and thinking he is superior and if you don't agree you are done. It seems he fails to understand that a coin is what a community wants and makes of it. Now it's listed on a shitty exchange and the price is tanking, soon will reach zero. I bought it way before it was voted to be a coin, when it was a token that seemed to be a great idea with PoPC. I'll take the loss and move one, live and learn.

But a working wallet that is the most important thing isn't comming anytime soon right?

Thanks for the ban from discord, was just telling the other guy that there was no trojans in the wallet and instead you ban me. Good luck.

Windows 11 and Python 3.11.4

 

Just tested in Sandboxie and can confirm.

Like that was the most important thing atm, people complaining about the windows wallet not working and you just don't care. What a joke of a project.

Interesting project. Let's see where it goes.

I think people are complaining regarding the wallet not working. The instructions you provided don't work.