search

stacksgov / sips

Community-submitted Stacks Improvement Proposals (SIPs)
131 stars 80 forks source link

SIP: Use PoX for fuelling Bitcoin development #66

Open lgalabru opened 2 years ago

lgalabru commented 2 years ago

Assuming the totality of the 4,000 slots can never be fully reserved, can we use this quantity of forever vacant slots for doing something good, that would be beneficial for the Stacks Blockchain, while staying neutral, from a Stacker / Miner / PoX point of view? I'd like to use this PR to generate discussions around the idea of using what seems to be a "waste" in the PoX implementation. I acknowledge that the document in its current form is not conforming to what would be expected for an actual SIP, but this should be enough to kickstart conversations.

MarvinJanssen commented 2 years ago

but in its most naive version, the Bitcoin core development team address could be used (instead of the 0x00 burn address) when Stacks miners are processing vacant PoX slots

That would be cool even.

At the Lab we have an idea on how we could potentially solve the "write back to Bitcoin problem". That might open the door to having a DAO on Stacks that manages the Bitcoin sent to vacant slots. A decentralised dev fund where all STX holders can vote, how much fun would that be?

GinaAbrams commented 2 years ago

Great idea, Ludo!

jcnelson commented 2 years ago

Is there a way to structure the mechanism so that a cartel of Stacks miners can't just take control of it to re-distribute BTC back to themselves? That would permit the cartel to discount-mine during this time.

jcnelson commented 2 years ago

Edited the title because this SIP does not yet have an assigned number.