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The problem is not power consumption, it is how you produce the electricity.

Royse777, we're testing it and if you want to own a 'siganture chain' so post an unused/empty legacy address (starting with 1..) and I will send one to you  


odolvlobo, you too, if you like.

It worked. (It should work because Bitcoin works  )

The transfer to 143NrfsANkM5B2Y3pWeCHNxGQS8kBFceDw is stored on the blockchain, but the 'signature chain' protocol doesn't accept it because the target address was a used address. So the owner 1MAP7AKiN5Ddce82VE8eFheFfyQ8iffvmV was still the owner of the 'signature chain'.

I sent it to the other unused/empty address 14ivWoBRgpfMbyiWqyjuDFnch6sGpsxKTV and now the protocol accepts it.

You have your 'signature chain' on 14ivWoBRgpfMbyiWqyjuDFnch6sGpsxKTV.

txid 387087dddda71c8d48ee1a7ec08652507a32a9a2a2d574884f633065575675c2
block 766,199

signature:

This signature is proof that 1MAP7AKiN5Ddce82VE8eFheFfyQ8iffvmV gives you the right to transfer this 'signature chain' for the Bitcoin address 1MAP7AKiN5Ddce82VE8eFheFfyQ8iffvmV to someone else. 1MAP7AKiN5Ddce82VE8eFheFfyQ8iffvmV is a newly created address to test 'siganture chain' but it could be for example a very old address and the private key holder/owner of that address could transfer the rights to someone else through signing such a message where the address of the new owner is the message and transferring Bitcoin (value is not important/can be dust) to the address of the new owner.

Only you can transfer this 'signature chain' for 1MAP7AKiN5Ddce82VE8eFheFfyQ8iffvmV with the private key of 14ivWoBRgpfMbyiWqyjuDFnch6sGpsxKTV. It is important that you store that signature above. Because there is no 'signature chain' explorer at the moment where you could see that. This signature is like the NFT picture that is not stored on the blockchain.

We are doing all procedures manually at the moment. And it is good as people can understand how it works. At some point it should work automatically through a wallet/explorer.

Now we have to see how the community will accept it. But I have a feeling that it is CryptoPunks in the making.  

I was faster  

You have your 'signature chain' on 143NrfsANkM5B2Y3pWeCHNxGQS8kBFceDw. Keep the private key, the journey begins .. good luck.

Cool! It would be better to use a new empty address. Because from 143NrfsANkM5B2Y3pWeCHNxGQS8kBFceDw if you make outgoing transactions and if the output is 1 legacy address, so it would mean that you send/transfer your 'signature chain' to this address. You don't need an old address to receive 'signature chains'.

EDIT:
Ok, I see you don't use it anymore for transactions. Sent the 'signature chain' to 143NrfsANkM5B2Y3pWeCHNxGQS8kBFceDw.

yhiaali3, testing 'signature chain' .. it works 

I have address 1MAP7AKiN5Ddce82VE8eFheFfyQ8iffvmV prepared for a 'signature chain'. If you like, post an empty legacy address (starting with 1..) and I would transfer it to you. Then you are one of the first 'signature chain' owners    Of course only if you like.

Then he would have a 'signature chain' fork like a Bitcoin fork. Our rules wouldn't accept their transactions.

And that example above is the initial signature and doesn't need a transaction as mentioned in the 'how it works' https://bitcointalk.org/index.php?topic=5425241.msg61386368#msg61386368

Here is a regular 'signature chain':

You can't break it. It works.

'signature chains' have a cost too. You have to pay the transaction cost.

What can we do with NFTs? Or what can you do with the hash of CryptoPunks?

If the new owner of the 'signature chain' got the private key it would not work. Then we would have a sharing system.


The most important thing is that it works. As of today it has no value for some people. Because the old empty addresses have no coins in them. It was an idea and we want to test it. I would be glad to be the owner of a 2009 or 2010 address 'signature chain'. If you think that it has no value then you can DM me such a signature (of course if you own some) and when you don't use them. All other users can DM me too 

“While many people *could* have mined Bitcoin that early, the overwhelming evidence suggests that barely anybody did,” Cobra added. “Bitcoin was obscure, irrelevant, and seen as a dumb idea, ..."
- the owner of bitcoin.org, the pseudonymous character known as “Cobra” explaining the early days of Bitcoin

source: https://news.bitcoin.com/an-unknown-individual-signed-a-message-associated-with-btc-block-1018-reward-was-minted-16-days-after-satoshi-launched-bitcoin/

Yes, it would prove more eg. that the signature was created recently.

But if we use a Bitcoin address as the signature message, so we can build a 'signature chain' where the new owner can sign it and transfer it to the next owner.

Created a 'signature chain' transfer in the thread  old Bitcoin addresses as 'NFT' on the Bitcoin blockchain - a signature chain
https://bitcointalk.org/index.php?topic=5425241.msg61393177#msg61393177

created a 'signature chain' transfer:

1NCLNyKPGjx2GwdRSPB5xqfy58WtGtgNgo is the starting address (first time used in 2022, it is not an old address, just to show that it works)

The owner/holder of 1NCLNyKPGjx2GwdRSPB5xqfy58WtGtgNgo transfers the 'signature chain' to 1M4wDv1tGEt2yPL6FrkM6o19jxV6mdopnP:

1) signs a message (message is the Bitcoin address of the new owner)


2) transfers Bitcoin from 1NCLNyKPGjx2GwdRSPB5xqfy58WtGtgNgo to 1M4wDv1tGEt2yPL6FrkM6o19jxV6mdopnP (to the new owner)

txid 167af01dd191b0e2d47f7255a9f440789a0ae7cba92a644f69d2b39e1f120eaf
Block 765905
04/Dec/2022 9:25 PM UTC
output: only 1 legacy address = valid

Now 1M4wDv1tGEt2yPL6FrkM6o19jxV6mdopnP is the owner of this 'signature chain' and tranfers it to 1B2a3bau6T5jHRgzWo4pzRj93fkPNaPZHj:

1) signs a message (message is the Bitcoin address of the new owner)


2) transfers Bitcoin from 1M4wDv1tGEt2yPL6FrkM6o19jxV6mdopnP to 1B2a3bau6T5jHRgzWo4pzRj93fkPNaPZHj (to the new owner)

txid 12bbc865f8b5259cd0c40a5da954e488e555f746a59d001f225b94ebde73a8c9
Block 765907
04/Dec/2022 9:55 PM UTC
output: only 1 legacy address = valid

Now 1B2a3bau6T5jHRgzWo4pzRj93fkPNaPZHj is the owner of this 'signature chain'

1NCLNyKPGjx2GwdRSPB5xqfy58WtGtgNgo
1M4wDv1tGEt2yPL6FrkM6o19jxV6mdopnP
1B2a3bau6T5jHRgzWo4pzRj93fkPNaPZHj

and can transfer it.


It works  

Yes, with this 'signature chain' you don't hand over the initial private key. And this is maybe something that will support that project.

As NFT started, people told that NFTs are worthless, because you don't transfer the file with the ownership (instead only a hash). But we've seen the hype after it was introduced. So in the case of 'signature chain', I don't know what will happen 

Yes, thanks, that you mentioned that someone could try to make an NFT out of it. We don't have a classical NFT here, but this 'signature chain' works and could become something  who knows? Mabe we have something like 'cryptopunks' in the making. At the beginning people didn't understand blockchain & NFT too.

Check that project:

old Bitcoin addresses as 'NFT' on the Bitcoin blockchain - a signature chain
https://bitcointalk.org/index.php?topic=5425241.0

It will help to understand more. Would be glad to hear your comments there 

What you're doing here is creating a fork of our 'signature chain'. It's like a Bitcoin fork. Our 'signature chain' won't accept your signatures + transactions.

For example here:



we have a signature that 1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa transfers the 'signature ownership' to 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7

then we have a Bitcoin transfer from 1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa to 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7
txid 16bb6761cc8d7d393d25a88ec589361c1f0461a9c138ecc2333b0736efe488de

only 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7 can transfer that 'signature chain'
1NChfewU45oy7Dgn51HwkBFSixaTnyakfj
1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa
1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7

How can the initial owner transfer it or create another signature (to a different address) that is valid?

Yes, the initial owner can sign a message (to a different address) + send Bitcoin to this address
The blockchain will 'store' it.
But we will see that there is a previous message + transaction to a different address and wouldn't accept it in our 'signature chain'.
A 'signature chain explorer' would know this 'agreements'.

Yes, you got it  

'ownership' = to be the owner of the 'signature chain' that started with a certain address
And if this certain address is for example 12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S (Satoshi's first transfer address) or the 'pizza address' it could have a value to be the owner of the signature chain. We have to test it.

Old empty addresses will get a new chance. I think they're valuable 

Exactly, you got it. The new owner will never know the private key of the previous owner, but the previous owner proved by signing the massege + transferring Bitcoin to the new owner that they are willing to transfer the 'ownership' to the new owner.

It is something new, but it works 

In this 'NFT' project we call it 'ownership'. At the beginning, only the owner of the initial address is the 'owner'. If they sign a message where the message is the Bitcoin address of the new owner and send from the their Bitcoin address coins to the new owner's address (the message in the signature) then the holder/owner of the private key of this address is the new owner.

This works only if the initial owner signs a message and sends BTC to the new address. Then the 'ownership' isn't shared as another signature of the previous owner to another address + transaction to this address wouldn't be accepted by the participants as the rules are: the first transaction on the blockchain from an address is valid. All transactions thereafter don't count, are valueless. (We will have an initial block number, whereafter this will be valid.)

I know, it is a bit difficult to understand/explain because we don't have examples on the blockchain but they're on their way. To explain blockchain was difficult too, but once understood and saw it working, people got it.

franky1, you didn't read the 'how it works'   https://bitcointalk.org/index.php?topic=5425241.0

to transfer the ownership there must be a 'transfer signature' + a 'transfer transaction'

the only transfer within that project that is valid without a 'transfer transaction' is


that is our 'block 0' by definition (like Bitcoin block 0, we have an input hash by definition)

the next transfer 1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa to 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7


isn't valid too, because there is no 'transfer transaction' from 1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa to 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7

but if 1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa sends coins to 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7 then 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7 will become the new owner of this 'signature chain'
1NChfewU45oy7Dgn51HwkBFSixaTnyakfj to
1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa to
1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7

and if 1E9YwDtYf9R29ekNAfbV7MvB4LNv7v3fGa creates thereafter (transaction is on the blockchain) nobody will accept it
so only 1KN59gRxD8G9g9smSLTFt9aSgWxYxTzFL7 can transfer this 'signature chain'