Re: Introducing the Bitcoin Ordinals DID Method

Thanks Gabe

By limiting block size and relying on a fee market Bitcoin core has already
signalled that not everyone will be able to transact on it. The cost of
using this method will definitely rise to become unaffordable for most
people just as regular transactions will. This is just one of many ways
block space will be filled driving fees up. For example there is already a
fungible token standard using inscriptions that is making transactions very
costly.. We can debate whether these are valid use cases of the network all
day long but at the end of the day block space will be used by whoever is
willing to pay for it.

For anyone who finds the costs to be too egregious I will likely be
creating a similar method on other Bitcoin forks that have made different
scaling decisions which will of course have other tradeoffs.

Brian

On Mon, May 1, 2023 at 1:50 PM Gabe Cohen <gabe@tbd.email> wrote:

> Cool work, Brian!
>
> I’m curious if you’ve run any numbers for how well the method scales? I
> see there’s a section on cost/transaction fees which mentions batching.
> Do you know the cost If, say 1000 or 10k DIDs were in it?
>
>  I am trying to evaluate DID methods on a global scale. This means each
> human on earth could have multiple. So, if everyone on earth used the
> method (let’s say 10B DID:BTCOs), would it consume all Bitcoin block space
> and become untenable?
>
> If not, seems like it’s more of an experiment, which still has value — and
> is neat!
>
> Gabe
>
> On May 1, 2023 at 12:39:01 PM, Brian Richter <brian@aviary.tech> wrote:
>
>> Melvin,
>>
>> There is no proposal being made here for you to oppose. If inscriptions
>> were off-chain this would break the discoverability of the method and* r**equire
>> additional sidechains or tokens *which goes against the main goal of the
>> method. Since inscriptions are possible on the Bitcoin network *today* this
>> method is also already possible.
>>
>> Since the method inherits the security of layer 1 Bitcoin it is the most
>> decentralized and censorship-resistant method available. I am more
>> interested in hearing this community's thoughts regarding the technical
>> implementation, not the politics of whether Bitcoin should or shouldn't be
>> used for decentralized public key infrastructure. Bitcoin is so much more
>> than a financial network.
>>
>> Brian
>>
>> On Mon, May 1, 2023 at 12:22 PM Melvin Carvalho <melvincarvalho@gmail.com>
>> wrote:
>>
>>>
>>>
>>> po 1. 5. 2023 v 21:01 odesílatel Brian Richter <brian@aviary.tech>
>>> napsal:
>>>
>>>> Hello CCG,
>>>>
>>>> I have created *Yet Another DID Method*. This method uses Bitcoin
>>>> transactions directly on L1 to manage DID Document state. The full
>>>> specification can be found on github
>>>> <https://github.com/ordinalsreserve/btco/blob/main/spec.md>. I welcome
>>>> your feedback, questions, and suggestions as this method is developed and
>>>> refined. Please don't hesitate to send me questions about the method or
>>>> ordinals directly.
>>>>
>>>> The Bitcoin Ordinals DID method is a decentralized identifiers (DIDs)
>>>> solution that leverages the Bitcoin blockchain and ordinal theory. By
>>>> uniquely identifying individual satoshis, this method enables creating,
>>>> resolving, updating, and deactivating DIDs without altering the Bitcoin
>>>> network or requiring additional sidechains or tokens.
>>>>
>>>>
>>>> *DID Syntax and DID Document*DIDs in this method have a specific
>>>> syntax, which includes a method-specific identifier derived from the
>>>> Bitcoin address and the ordinal position of a satoshi. The syntax can
>>>> be represented as did:btco:<satoshi>.
>>>>
>>>> A DID Document contains a DID's public key, authentication information,
>>>> and service endpoints. The data model follows the W3C DID Core
>>>> Specification, using JSON or JSON-LD as the serialization format.
>>>>
>>>>
>>>> *Creating a DID Document*Select a unique identifier using ordinal theory
>>>> to determine a specific satoshi within the Bitcoin blockchain.
>>>>
>>>>    1. Create a public/private key pair for cryptographic operations
>>>>    and authentication.
>>>>    2. Define any necessary service endpoints for communication or
>>>>    interaction with the DID.
>>>>    3. Create a DID Document with the required properties following the
>>>>    DID Core Specification.
>>>>    4. Inscribe this document (long form json or short form text) onto
>>>>    the satoshi with the ordinal number mentioned in the identifier.
>>>>
>>>>
>>>> *Resolving a DID Document*
>>>>
>>>>    1. Retrieve the inscription data from the satoshi associated with
>>>>    the method-specific identifier.
>>>>    2. If this utxo has been spent, look for the next DID Document by
>>>>    finding another inscription in the spending transaction.
>>>>
>>>>
>>>> *Updating a DID Document*
>>>>
>>>>    1. Perform a Bitcoin transaction that sends the inscription to the
>>>>    control of a new public key (burns the current DID Document). In the same
>>>>    transaction, inscribe the new DID Document. The control will effectively
>>>>    transfer to this new DID.
>>>>
>>>>
>>>>
>>>> *Deactivating a DID*
>>>>
>>>>    1. Perform a Bitcoin transaction that updates the DID but does not
>>>>    transfer control to a new DID.
>>>>
>>>>
>>>> In summary, the Bitcoin Ordinals DID method provides a practical and
>>>> secure solution for managing digital identities within the decentralized
>>>> identity ecosystem. By leveraging the existing Bitcoin blockchain and
>>>> ordinal theory, this method enables a range of innovative use cases
>>>> and applications.
>>>>
>>>
>>> -1 to this.  Strongly oppose.
>>>
>>> The bitcoin network works best as a financial network
>>>
>>> Inscriptions belong off-chain, with at most a reference to them, on-chain
>>>
>>>
>>>>
>>>> Best regards,
>>>>
>>>> Brian Richter
>>>> Founder / CEO
>>>> Aviary Tech / Ordinals Reserve
>>>> brian@aviary.tech
>>>>
>>>>
>>>>