Private payments without a global pool.
Proofnote asks whether ordinary BCH UTXOs can remain authoritative single-use state while ownership, value, and payment linkage stay private. The import-to-private-acceptance path now works at prototype scale. Successive private ownership is the next experiment.
One half demonstrated. One half still open.
Import → private acceptance
Exact conservation, real proof authentication, Recovery V1, and point-in-time wallet acceptance.
Durable wallet state
Recording, persistence, reorg-safe lifecycle handling, and spendability are not established.
Successive ownership
Bob privately sends the accepted note to Charles; Charles independently recovers and accepts.
Private Notes Without a Global Pool
Phase 3 began with private conservation as the open problem. Relation V6 now carries a real proof through authenticated settlement, Recovery, and point-in-time wallet acceptance. The next test is successive ownership.