Post-Quantum commit / reveal Fawkescoin variant as a soft fork

Posted by Peter Todd

Jun 2, 2025/11:24 UTC

In a recent discussion on the Bitcoin Development Mailing List, a notable point was raised regarding the complexities involved in the transaction of tokenized assets, particularly within the context of alternative cryptocurrencies (alt-coins). A specific challenge highlighted was the requirement to pay fees in the native asset of the blockchain, which can pose significant hurdles when users attempt to transact in tokenized forms of assets, such as USD tokens. This situation often leaves users unable to move their funds due to the absence of the required native cryptocurrency.

An example provided to illustrate this issue was the possibility of purchasing new Bitcoin (BTC) to fulfill transaction commitments. This suggestion underscores the broader problem faced by users of alt-coins who may find themselves with assets that are effectively immobilized because they do not possess the correct form of cryptocurrency to cover transaction fees. Despite being described as an annoying issue, it was also noted that this is not considered a fatal flaw in the system's design or functionality.

For further details and insights into this discussion, interested readers can refer to Peter Todd's website. The conversation reflects ongoing debates within the cryptocurrency community regarding the usability and technical challenges of blockchain technology, especially concerning the fluidity of asset transactions in multi-token environments.

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