It means that it is extremely expensive to mine identity. So a better
reputation system can now be built as well.

Are there any good examples of implementations?


On Mon, May 19, 2014 at 12:20 PM, Liad Shababo <liad@???> wrote:

> Doesn't make them trustworthy. It shows they value that identity and would
> be hesitant to do anything to ruin it thereby rendering their financial
> sacrifice meaningless
>
> Sent from my iPhone
>
> On 19 May 2014, at 20:19, "Anthony D'Onofrio" <iamtexture@???>
> wrote:
>
> How does lighting money on fire make someone trustworthy?
>
>
> On Mon, May 19, 2014 at 7:42 AM, Peter Todd <pete@???> wrote:
>
>> >>
>>
>> On 19 May 2014 16:39:06 CEST, Robert Williamson <bobalot@???>
>> wrote:
>> >Doesn't op return outputs need to have a value of 0?
>>
>> No, they can be any value.
>>
>> >There's other concerns too. If we count someone as trustworthy because
>> >they
>> >have sacrificed some amount of money to fees, its easy for mining pools
>> >to
>> >start creating identities where a lot of fees are sacrificed to
>> >themselves.
>>
>> That's what I mean by fee sacrifices encouraging mining pool
>> centralisation. Right now I think that should rule out sacrifice to fees
>> completely.
>>
>> >>
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>
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