pull down to refresh
31 sats \ 0 replies \ @_stacktoshi 9 Jan \ parent \ on: 🔥 🔥 Over 1 BTC irrevocably burned on the Spaces Protocol 🔥 🔥 bitcoin
I don't fully understand it (some kind of script in OP_RETURN) but each bidder burns their bitcoin bid, then the winner refunds all the losers.
https://spacesprotocol.org/paper/#auction-design