rich1.0curiousbitcoin (npub13a…u3m02)https://nostr.now/npub13a78vq9z0dn4se7f9jtqk0wmx6adc646d576uw86nskxuqd6v6eqeu3m02njumphttps://nostr.nowJameson Lopp on Bitcoin Block Space and the Case for Sovereign Naming💎 Jameson Lopp has described Bitcoin as a database whose protocol defines how users buy space and make updates. In a free-market, any use case that fits within those constraints and is paid for at the prevailing market rate is legitimate. The Spaces Protocol applies that principle to naming. It allocates short, human-readable identifiers through open auctions on Bitcoin, burns the bids, and anchors ownership so that no single party can revoke a claimed name after the fact. Lopp’s framing treats block space as a scarce resource priced by willingness to pay. Users who want to store data, open a channel, or register a name compete for the same limited capacity. The protocol itself does not rank uses. It only enforces the rules that keep the chain consistent and the supply of new coins fixed. Under that standard, a naming system that consumes modest on-chain data, settles through ordinary transactions, and leaves verification possible for anyone who follows the chain is simply another buyer of block space. Spaces meets those conditions. Top-level names are assigned by auction. The winning bid is burned. Subsequent handles under a claimed space are recorded off-chain in a Merkle tree whose root is committed to Bitcoin as a 32-byte hash. The resulting certificate proves inclusion and prior non-existence. Once the commitment confirms, the handle cannot be reassigned by the operator or by any third party. https://bitbane.com/jameson-lopp-on-bitcoin-block-space-and-the-case-for-sovereign-naming/ #Bitcoin #JamesonLopp #SovereignNaming #BlockSpace #SpacesProtocol