Light Speed Transfers v0.1 — a design paper, Apache-2.0

Value sits still on chain. Ownership moves at the speed of light.

This is a design paper for anchor transfers — handing a covenant from one
wallet to the next by signing it forward, while the value it carries stays
locked at an anchor point on chain. A transfer is a signature handed over: no
block, no confirmation, no consensus round. Taipei to London in 48 milliseconds
against 600,000 for a block, and the only remaining term is physics.

It did not begin as a theory about money. It began as a game. grafverse needs
items that move — a painted object handed between players, an inventory that
travels between worlds, an asset acquired on the far side of a gate — and a fee
per transfer kills every one of those. A game that charges you to hand someone a
sword is not free, whatever the download costs. Three requirements collided:
genuinely owned, moves for nothing, always redeemable. It turns out that is a
description of cash.

Any current holder can return the covenant to its anchor and spend normally
again — unilaterally, needing nobody's permission. And the covenant IS the
token: no token layer, no indexer, no registry. Genesis txid is the asset id,
the rules are the script, and the script reads back through a decompiler, so a
buyer decompiles what they are buying instead of trusting a metadata server.
Transfers cost nothing; finality is bought per transfer, only when the value
justifies it. That is why it scales — no participant ever verifies anyone
else's assets, so there is no aggregate to bottleneck. Cash is denominated, not
divisible: nobody cuts a note in half, and neither does this.

v0.1 is design, not deployment. Nothing is built, and the paper names the three
problems it has not solved — finding the tip at scale, a seller exiting
mid-sale, and how often the anchor must advance. It is published this way on
purpose: a timestamped disclosure is prior art, which is what actually protects
an idea, while a licence only governs the text.

Apache-2.0. Anyone may implement this, freely, on any chain or none. Attribution
is a condition, not a courtesy. Free until it matters.