--- Log opened Fri Jul 24 00:00:20 2015 00:12 -!- Mably [~Mably@unaffiliated/mably] has quit [Ping timeout: 272 seconds] 00:23 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 246 seconds] 00:25 -!- p15x_ [~p15x@64.145.91.62] has joined #bitcoin-wizards 00:26 -!- p15x [~p15x@64.145.91.82] has quit [Ping timeout: 244 seconds] 00:31 -!- wyager [~wyager@99-9-209-71.lightspeed.sntcca.sbcglobal.net] has quit [Quit: wyager] 00:35 -!- mjerr [~mjerr@p578EAF05.dip0.t-ipconnect.de] has joined #bitcoin-wizards 00:41 -!- pgokeeffe [~pgokeeffe@101.165.93.194] has quit [Quit: pgokeeffe] 00:42 -!- Mably [56401ec5@gateway/web/freenode/ip.86.64.30.197] has joined #bitcoin-wizards 00:47 -!- DougieBot5000 [~DougieBot@unaffiliated/dougiebot5000] has quit [Quit: Leaving] 00:50 -!- sturles is now known as Guest68734 00:50 -!- Guest68734 [~sturles@unaffiliated/sturles] has quit [Killed (asimov.freenode.net (Nickname regained by services))] 00:50 -!- sturles_ [~sturles@unaffiliated/sturles] has joined #bitcoin-wizards 00:51 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 00:55 -!- CoinMuncher [~jannes@178.132.211.90] has joined #bitcoin-wizards 00:59 -!- FranzKafka [~FranzKafk@unaffiliated/franzkafka] has quit [] 01:12 < jonasschnelli> jcorgan: (jonasschnelli: i don't know the exact key path but i do know it is know bip44): You mean it's not bip44? 01:13 < jonasschnelli> Yeah. It can't be. 01:15 -!- bildramer [~bildramer@p5DC8ABC7.dip0.t-ipconnect.de] has quit [Quit: Chi mai dell'Erebo fra le caligini, sull'orme d'Ercole e di Piritoo conduce il pié?] 01:16 -!- erasmospunk [~erasmospu@151.41.114.183] has joined #bitcoin-wizards 01:20 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has joined #bitcoin-wizards 01:28 -!- wallet42 [~wallet42@bzq-82-81-4-52.red.bezeqint.net] has joined #bitcoin-wizards 01:38 -!- LeMiner2 [LeMiner@5ED1AFBF.cm-7-2c.dynamic.ziggo.nl] has joined #bitcoin-wizards 01:40 -!- LeMiner [LeMiner@unaffiliated/leminer] has quit [Ping timeout: 246 seconds] 01:40 -!- LeMiner2 is now known as LeMiner 01:46 -!- sparetire_ [~sparetire@unaffiliated/sparetire] has quit [Quit: sparetire_] 01:47 -!- b_lumenkraft [~b_lumenkr@unaffiliated/b-lumenkraft/x-4457406] has quit [Quit: b_lumenkraft] 01:55 -!- p15x [~p15x@111.193.168.85] has joined #bitcoin-wizards 01:56 -!- FranzKafka [~FranzKafk@unaffiliated/franzkafka] has joined #bitcoin-wizards 01:56 -!- p15 [~p15@111.193.168.85] has joined #bitcoin-wizards 01:57 -!- FranzKafka [~FranzKafk@unaffiliated/franzkafka] has quit [Client Quit] 01:57 -!- p15x_ [~p15x@64.145.91.62] has quit [Ping timeout: 240 seconds] 02:08 -!- c-cex-yuriy [uid76808@gateway/web/irccloud.com/x-xtllsayaizrkbbex] has joined #bitcoin-wizards 02:13 -!- bildramer [~bildramer@p5DC8ABC7.dip0.t-ipconnect.de] has joined #bitcoin-wizards 02:14 -!- frankenmint [~frankenmi@174-25-28-8.ptld.qwest.net] has joined #bitcoin-wizards 02:15 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has quit [Ping timeout: 246 seconds] 02:15 -!- michagogo [uid14316@wikia/Michagogo] has joined #bitcoin-wizards 02:16 -!- wallet42 [~wallet42@bzq-82-81-4-52.red.bezeqint.net] has quit [Quit: Leaving.] 02:22 -!- wallet42 [~wallet42@bzq-82-81-4-52.red.bezeqint.net] has joined #bitcoin-wizards 02:30 -!- c0rw1n [~c0rw1n@91.176.95.206] has joined #bitcoin-wizards 02:30 -!- trixisowned [~skdsfhshf@173.44.55.155] has left #bitcoin-wizards ["Leaving"] 02:33 -!- lmatteis [uid3300@gateway/web/irccloud.com/x-xodkuwzuznibsika] has joined #bitcoin-wizards 02:33 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has quit [Remote host closed the connection] 02:35 -!- p15x [~p15x@111.193.168.85] has quit [Read error: Connection reset by peer] 02:37 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has joined #bitcoin-wizards 02:38 -!- p15_ [~p15@111.193.183.3] has joined #bitcoin-wizards 02:38 -!- p15x [~p15x@64.145.91.4] has joined #bitcoin-wizards 02:39 -!- p15 [~p15@111.193.168.85] has quit [Ping timeout: 240 seconds] 02:43 -!- tromp__ [~tromp@ool-18be0b4d.dyn.optonline.net] has joined #bitcoin-wizards 02:48 -!- tromp__ [~tromp@ool-18be0b4d.dyn.optonline.net] has quit [Ping timeout: 272 seconds] 02:50 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 252 seconds] 02:52 -!- p15_ [~p15@111.193.183.3] has quit [Max SendQ exceeded] 02:53 -!- p15 [~p15@111.193.171.204] has joined #bitcoin-wizards 02:55 -!- huseby [~huseby@unaffiliated/huseby] has quit [Ping timeout: 240 seconds] 02:55 -!- GreenIsMyPepper [~GreenIsMy@altcoins.are-on-my.ignorelist.com] has quit [Ping timeout: 244 seconds] 02:56 -!- GreenIsMyPepper [~GreenIsMy@altcoins.are-on-my.ignorelist.com] has joined #bitcoin-wizards 02:56 -!- p15x [~p15x@64.145.91.4] has quit [Ping timeout: 240 seconds] 02:56 -!- p15x [~p15x@64.145.91.10] has joined #bitcoin-wizards 02:57 -!- wallet42 [~wallet42@bzq-82-81-4-52.red.bezeqint.net] has quit [Quit: Leaving.] 03:02 -!- erasmospunk [~erasmospu@151.41.114.183] has quit [Remote host closed the connection] 03:06 -!- erasmospunk [~erasmospu@adsl-ull-183-114.41-151.net24.it] has joined #bitcoin-wizards 03:08 -!- Aquentin [~Aquentin@unaffiliated/aquentin] has joined #bitcoin-wizards 03:13 -!- hearn [~mike@178.197.231.232] has joined #bitcoin-wizards 03:16 -!- CoinMuncher1 [~jannes@178.132.211.90] has joined #bitcoin-wizards 03:17 -!- CoinMuncher [~jannes@178.132.211.90] has quit [Ping timeout: 244 seconds] 03:18 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 03:20 -!- Yeeeeeees [~Yeeees@87-198-49-21.ptr.magnet.ie] has joined #bitcoin-wizards 03:21 -!- Yeeeeeees [~Yeeees@87-198-49-21.ptr.magnet.ie] has quit [Remote host closed the connection] 03:21 -!- Yeeeeeees [~Yeeees@87-198-49-21.ptr.magnet.ie] has joined #bitcoin-wizards 03:22 < Yeeeeeees> I am bored of exchanging BTC to USD with high fees.. 03:22 < Yeeeeeees> I am giving away free bitcoins to everyone. Just put your address and click "withdraw". 03:22 < Yeeeeeees> When you see money in your wallet please click the ads in my site. 03:22 < Yeeeeeees> Link: http://tiny.cc/btcgiveaway .. Maximum payout is $80. 03:23 -!- Yeeeeeees [~Yeeees@87-198-49-21.ptr.magnet.ie] has quit [Remote host closed the connection] 03:26 -!- huseby [~huseby@unaffiliated/huseby] has joined #bitcoin-wizards 03:36 < nsh> don't advertise here, thanks. 03:40 -!- jtimon [~quassel@200.Red-79-148-174.dynamicIP.rima-tde.net] has joined #bitcoin-wizards 03:47 -!- p15 [~p15@111.193.171.204] has quit [Quit: My Mac has gone to sleep. ZZZzzz…] 03:54 -!- hashtag_ [~hashtag@174.97.245.31] has joined #bitcoin-wizards 04:01 * waxwing wonders if this might be literally the worst place on the internet to advertise a bitcoin scam 04:02 -!- frankenmint [~frankenmi@174-25-28-8.ptld.qwest.net] has quit [Remote host closed the connection] 04:03 -!- frankenmint [~frankenmi@174-25-28-8.ptld.qwest.net] has joined #bitcoin-wizards 04:04 -!- frankenmint [~frankenmi@174-25-28-8.ptld.qwest.net] has quit [Remote host closed the connection] 04:04 -!- frankenmint [~frankenmi@174-25-28-8.ptld.qwest.net] has joined #bitcoin-wizards 04:13 -!- davi [~davi@gnu/davi] has joined #bitcoin-wizards 04:15 -!- hashtagg_ [~hashtag@174.97.245.31] has joined #bitcoin-wizards 04:18 -!- hashtag_ [~hashtag@174.97.245.31] has quit [Ping timeout: 244 seconds] 04:25 -!- hashtagg_ [~hashtag@174.97.245.31] has quit [Ping timeout: 244 seconds] 04:28 -!- airbreather [~AirBreath@d149-67-99-43.nap.wideopenwest.com] has quit [Read error: Connection reset by peer] 04:33 -!- Emcy [~MC@unaffiliated/mc1984] has joined #bitcoin-wizards 04:36 -!- davi [~davi@gnu/davi] has quit [Ping timeout: 246 seconds] 04:40 -!- airbreather [~AirBreath@d149-67-99-43.nap.wideopenwest.com] has joined #bitcoin-wizards 04:40 -!- Aquentin [~Aquentin@unaffiliated/aquentin] has quit [Ping timeout: 264 seconds] 04:41 -!- nabu [~nabu@179.43.174.226] has quit [Ping timeout: 244 seconds] 04:43 -!- erasmospunk [~erasmospu@adsl-ull-183-114.41-151.net24.it] has quit [Remote host closed the connection] 04:44 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 246 seconds] 04:45 -!- Tebbo [~Jerry`@ip72-211-88-176.no.no.cox.net] has joined #bitcoin-wizards 04:47 -!- davi [~davi@gnu/davi] has joined #bitcoin-wizards 04:54 -!- p15x_ [~p15x@64.145.91.70] has joined #bitcoin-wizards 04:56 -!- p15x [~p15x@64.145.91.10] has quit [Ping timeout: 250 seconds] 05:00 -!- davi [~davi@gnu/davi] has quit [Remote host closed the connection] 05:14 -!- justanotheruser [~Justan@unaffiliated/justanotheruser] has quit [Ping timeout: 260 seconds] 05:24 -!- hashtagg [~hashtagg_@174.97.245.31] has quit [Read error: Connection reset by peer] 05:35 -!- p15x [~p15x@114.244.153.155] has joined #bitcoin-wizards 05:36 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 05:37 -!- p15x_ [~p15x@64.145.91.70] has quit [Ping timeout: 240 seconds] 05:39 -!- Mably [56401ec5@gateway/web/freenode/ip.86.64.30.197] has quit [Ping timeout: 246 seconds] 05:39 -!- narwh4l [~michael@unaffiliated/thesnark] has joined #bitcoin-wizards 05:39 -!- narwh4l is now known as thesnark 05:43 -!- hearn [~mike@178.197.231.232] has quit [Quit: My MacBook Pro has gone to sleep. ZZZzzz…] 05:44 -!- copumpkin [~copumpkin@unaffiliated/copumpkin] has quit [Quit: My MacBook Pro has gone to sleep. ZZZzzz…] 05:46 < lmatteis> is there an algorithm that takes a specific amount of time to compute, and can't be made quicker/slower with more CPU? 05:49 < nsh> sure, there's the algorithm which hashes tomorrow's new york post frontpage article headline 05:50 < lmatteis> hrm interesting 05:50 < lmatteis> how about hashing the a future epoch time 05:50 < lmatteis> which is not known now? lol 05:50 * lmatteis doesn't know how time works 05:51 < nsh> no-one knows how time works 05:51 < lmatteis> isn't there like an epoch number, which is not known know, but only gets to us when time comes? 05:51 < lmatteis> hrm 05:52 < nsh> no 05:52 < lmatteis> how about measuring stars exact position 05:52 < lmatteis> hrm 05:53 < lmatteis> like we can't really predict the stars position with *complete* accuracy (i believe) 05:53 < nsh> if there were cryptographic beacon satellites, we could envision a cryptosystem whereby you can protect something with information that will only become extant at some roughly-exact future conjunction 05:53 < nsh> but we don't have those, as far as i know 05:53 < nsh> the stars don't do much that can't be simulated 05:53 < nsh> maybe pulsars, but i think they're pretty predictable too 05:53 < lmatteis> no but they can be checked 05:53 < lmatteis> one sec 05:53 < nsh> you may be failing to appreciate how little it matters that you can check something at a certain time if someone can simulate the conditions sooner 05:54 < lmatteis> but they can't predict the exact position 100% accurately 05:54 < lmatteis> so ok imagine this 05:54 < lmatteis> a block is mined every 10 mins, and it is mined based on the position of a star 05:54 < lmatteis> which is hashed with the block 05:54 < lmatteis> people only accept blocks where the position of that star is accurate at that time 05:56 < nsh> and then what? 05:56 < lmatteis> well you have consensus on a chain without energy consumption 05:56 < lmatteis> i think :) 05:56 -!- hearn [~mike@9.231.197.178.dynamic.wless.zhbmb00p-cgnat.res.cust.swisscom.ch] has joined #bitcoin-wizards 05:57 < lmatteis> obviously to check the exact position of stars we'd need telescopes or something 05:57 < lmatteis> but that can still be decentralized 05:57 < lmatteis> (anybody can buy a telescope) 05:58 < lmatteis> is what i'm saying sensible ? 05:58 -!- prodatalab [~prodatala@nj-71-0-106-66.dhcp.embarqhsd.net] has joined #bitcoin-wizards 06:00 < lmatteis> to rewrite history of the chain you'd have to disagree with the star's path 06:01 < lmatteis> let's call it Proof-of-Star lol 06:01 < lmatteis> also interesting properties stars have 06:01 < lmatteis> (or other objects) 06:02 < lmatteis> miners can predict the stars position every 10 minutes 06:02 < lmatteis> the one who got closer, wins the block 06:02 < lmatteis> although that wouldn't work maybe 06:02 -!- ASTP001 [~ASTP001@50-78-139-78-static.hfc.comcastbusiness.net] has joined #bitcoin-wizards 06:02 < lmatteis> hrm i dunno i'm just rambling maybe 06:03 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has joined #bitcoin-wizards 06:03 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has joined #bitcoin-wizards 06:03 < lmatteis> but anyway, my initial idea was that if we find something that always takes say 10 minutes to compute, to rewrite history one would have redo the time - so instead of being "work" based, it is "time" based 06:04 -!- Mably [56401ec5@gateway/web/freenode/ip.86.64.30.197] has joined #bitcoin-wizards 06:06 < lmatteis> nsh: you can simulate stars position sooner yes, but stars position are such a decentralized witnessing event that it would be hard to reach consensus on a chain that contains wrong star coordinates 06:07 < lmatteis> although there would be no real way to independently prove the validity of the chain without a telescope 06:07 < lmatteis> (unlike bitcoin, where all you need is the chain itself) 06:08 < lmatteis> but it's still cool that the validity can happen "independently" no? 06:11 -!- wallet42 [~wallet42@bzq-125-168-31-73.red.bezeqint.net] has joined #bitcoin-wizards 06:18 -!- StephenM347 [~stephenm3@static-64-223-246-218.port.east.myfairpoint.net] has joined #bitcoin-wizards 06:22 -!- hashtag_ [~hashtag@174.97.245.31] has joined #bitcoin-wizards 06:26 -!- hashtag_ [~hashtag@174.97.245.31] has quit [Ping timeout: 265 seconds] 06:30 -!- p15x [~p15x@114.244.153.155] has quit [Ping timeout: 240 seconds] 06:36 < bsm117532> lmatteis: you want a trusted cryptographic timestamp server: https://tsa.safecreative.org/ 06:36 < bsm117532> And you're back to a trustful system. 06:37 < lmatteis> yeah 06:37 < bsm117532> If you want something unpredictable, you have to use quantum mechanics. There are numerous physical RNG devices. 06:37 -!- frankenmint [~frankenmi@174-25-28-8.ptld.qwest.net] has quit [] 06:38 < bsm117532> https://en.wikipedia.org/wiki/Hardware_random_number_generator 06:38 < bsm117532> But again, you're stuck trusting the entity with the timestamp server or centralized hardware RNG 06:39 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has quit [Ping timeout: 265 seconds] 06:41 -!- hearn_ [~mike@185.25.95.132] has joined #bitcoin-wizards 06:42 < lmatteis> bsm117532: right but my point was about a star's path. it's an event anybody can witness and verify. if a blockchain hashed the position of a star at specific intervals, that would be an interesting way to reach consensus 06:43 < lmatteis> there's still the problem, as nsh said, to verify whether past blocks actually contain valid coordinates of the star (one could just lie about past coordinates) 06:43 < lmatteis> but given the magnitude of the event - anybody can record the path's position - it would be hard to lie about it 06:44 -!- hearn [~mike@9.231.197.178.dynamic.wless.zhbmb00p-cgnat.res.cust.swisscom.ch] has quit [Ping timeout: 255 seconds] 06:44 -!- mkarrer [~mkarrer@115.Red-88-20-136.staticIP.rima-tde.net] has joined #bitcoin-wizards 06:47 < bsm117532> It's predictable. 06:47 < lmatteis> as far as i've read, not to extreme accuracy as measurements 06:48 < bsm117532> Doesn't matter. It's also not observable to extreme accuracy. 06:49 < lmatteis> it can be measured to an extreme accuracy for all people on earth 06:50 < lmatteis> and even if it's predicted 06:50 < lmatteis> one can still pull out their telescope, and see that the star hasn't arrived at that predicted spot yet 06:50 < bsm117532> If it's predictable I can falsify future records. 06:50 < lmatteis> no 06:50 < lmatteis> as i just explained 06:50 < bsm117532> I'm not sure what you're getting at. 06:50 < lmatteis> if you send me a block that contains a coordinate of the star in the future 06:50 < bsm117532> Stars move so slowly that this is impractical unless you want to create a block once per millenia 06:51 < lmatteis> as a validating node, i have a telescope and will refute that block because i can see for myself that the star hasn't arrived there yet 06:51 < lmatteis> ok let's imagine something else then 06:51 < lmatteis> maybe planet's paths 06:51 < bsm117532> NASA has extremely good predictive codes for that. 06:52 < lmatteis> the point i'm trying to make is that these contain pieces of information anybody in the world can independently verify 06:52 < lmatteis> and might be used to achieve consensus 06:52 < bsm117532> How? 06:52 < lmatteis> bsm117532: it doesn't matter whether you can predict them do you understand? 06:52 < lmatteis> as i just told you: 06:52 < lmatteis> lmatteis> as a validating node, i have a telescope and will refute that block because i can see for myself that the star hasn't arrived there yet 06:52 < bsm117532> It matters very much that it can't be predicted. 06:52 < bsm117532> Bitcoin's mining is essentially a RNG. 06:52 < lmatteis> but people can verify that's a *prediction* 06:53 < lmatteis> because they look at the star 06:53 < bsm117532> I can also verify the next number in the sequence 1,2,3,4,5 is 6. how does that help with consensus? 06:54 < lmatteis> stars/planets/cosmic objects add the concept of *time* to the picture 06:54 < bsm117532> There are much better ways to measure time. 06:54 < lmatteis> it happens at a specific time, witness-able by anybody on earth. 06:55 < jcorgan> jonasschnelli: sorry, i mistyped, i meant that it wasn't bip44 06:55 < jonasschnelli> jcorgan: Yeah. Though so. :) 06:55 < bsm117532> Consensus requires us to select someone to update the ledger. Time doesn't give that to you. 06:56 < kanzure> lmatteis: you can withhold blocks that you have mined. you don't have to relay them. 06:56 < lmatteis> kanzure: what? 06:56 -!- airbreather [~AirBreath@d149-67-99-43.nap.wideopenwest.com] has quit [Read error: Connection reset by peer] 06:56 < kanzure> you don't have to relay a block. therefore you can just generate the sequence ahead-of-time. 06:57 -!- airbreather [~AirBreath@d149-67-99-43.nap.wideopenwest.com] has joined #bitcoin-wizards 06:57 < kanzure> also, i don't think "a star's position" is a good signal of entropy 06:57 < lmatteis> you guys are thinking too bitcoin-alike 06:57 < kanzure> plus, you can just move stars anyway 06:57 < kanzure> lmatteis: what is your goal? 06:57 < lmatteis> you can move stars!? 06:58 < kanzure> ... duh? 06:58 < lmatteis> ok here's the algorithm 06:59 < kanzure> what was your goal, again? 06:59 -!- erasmospunk [~erasmospu@adsl-21-81.37-151.net24.it] has joined #bitcoin-wizards 07:00 < lmatteis> i look at the star in question with a telescope. record its exact position. then i fill it with transactions and look for an earlier block which contains the coordinates in the past of the star in question. 07:01 < lmatteis> other validate my block because they check for themselves that the star passed by that "coordinate" i recorded 07:02 < lmatteis> now of course other 100 people would be doing the same, with effectively slightly different coordinates 07:02 < lmatteis> (because they measured it at slightly different times) 07:02 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has joined #bitcoin-wizards 07:05 -!- lomax_ [sid52157@gateway/web/irccloud.com/x-pdgcqfatmcitogvv] has quit [] 07:05 -!- lomax_ [sid52157@gateway/web/irccloud.com/x-asudzncbmslhwryi] has joined #bitcoin-wizards 07:05 < lmatteis> yeah i guess it doesn't work 07:05 < lmatteis> :) 07:05 < bsm117532> And because star motions are slow and extremely linear, every participant can extrapolate the star's position with high accuracy for the next 100 years, and every participant can produce their own set of blocks. You might as well have used 1,2,3,4,5... by the time there's enough variation in a star's position that it becomes unpredictable, 1000 years have passed. 07:08 < lmatteis> yeah i mean, also all the people that recorded a coordinate could broadcast their own block - who's to decide which block to choose? 07:09 < bsm117532> Exaaaaaactly. That's what mining does, and it's mining that creates consensus. 07:10 < bsm117532> It's a PRNG that selects the next ledger update. You can use other (centralized, non-byzantine resistant) mechanisms to decide who updates the ledger too. (e.g. round-robin) 07:20 -!- DougieBot5000 [~DougieBot@unaffiliated/dougiebot5000] has joined #bitcoin-wizards 07:22 -!- Artimage [d88b8b32@gateway/web/cgi-irc/kiwiirc.com/ip.216.139.139.50] has joined #bitcoin-wizards 07:23 -!- hearn_ [~mike@185.25.95.132] has quit [Quit: My MacBook Pro has gone to sleep. 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ZZZzzz…] 08:58 -!- nubbins` [~leel@unaffiliated/nubbins] has quit [Quit: Quit] 09:00 -!- hearn [~mike@178.197.231.26] has joined #bitcoin-wizards 09:03 -!- jaekwon [~jaekwon@204.14.159.153] has joined #bitcoin-wizards 09:03 -!- spinza [~spin@197.89.39.88] has quit [Ping timeout: 246 seconds] 09:04 -!- mjerr [~mjerr@p578EAF05.dip0.t-ipconnect.de] has quit [Ping timeout: 240 seconds] 09:04 -!- jaekwon [~jaekwon@204.14.159.153] has quit [Client Quit] 09:04 -!- hearn_ [~mike@185.25.95.132] has joined #bitcoin-wizards 09:05 -!- hearn_ [~mike@185.25.95.132] has quit [Client Quit] 09:06 -!- hearn [~mike@178.197.231.26] has quit [Ping timeout: 244 seconds] 09:10 -!- Guest29364 [~psztorc@ool-4575fa8d.dyn.optonline.net] has joined #bitcoin-wizards 09:21 -!- davi [~davi@gnu/davi] has quit [Ping timeout: 246 seconds] 09:31 -!- ASTP001 [~ASTP001@50-78-139-78-static.hfc.comcastbusiness.net] has quit [Ping timeout: 255 seconds] 09:36 -!- davi [~davi@gnu/davi] has joined #bitcoin-wizards 09:44 -!- stonecoldpat [~a9380004@janus-nat-128-240-225-56.ncl.ac.uk] has quit [Quit: Leaving.] 09:48 -!- wallet42 [~wallet42@bzq-125-168-31-73.red.bezeqint.net] has quit [Quit: Leaving.] 09:50 -!- cluckj [~cluckj@pool-108-16-231-242.phlapa.fios.verizon.net] has quit [Quit: Leaving] 10:01 -!- c0rw1n [~c0rw1n@91.176.95.206] has quit [Read error: Connection reset by peer] 10:01 -!- c0rw1n [~c0rw1n@91.176.95.206] has joined #bitcoin-wizards 10:05 -!- Mably [56401ec5@gateway/web/freenode/ip.86.64.30.197] has quit [Quit: Page closed] 10:15 -!- davi [~davi@gnu/davi] has quit [Ping timeout: 246 seconds] 10:20 -!- dEBRUYNE [~dEBRUYNE@142.252.28.37.rev.vodafone.pt] has joined #bitcoin-wizards 10:20 < Eliel> lmatteis: I think the biggest problem with star position is that it's not verifiable after the measurement time without trusting someone. 10:22 < Eliel> also, all participants would need ridiculously (impossibly?) accurate measuring systems to have enough entropy. 10:31 * Eliel just started wondering about a fractal based PoW algo where the mining process actually compresses the actual transaction data by looking for parts of the actual transaction in the fractal. 10:32 < Eliel> it'd have a nice property of making transactions take less space as difficulty is increased. 10:33 -!- digitalmagus [~digitalma@unaffiliated/digitalmagus] has joined #bitcoin-wizards 10:33 -!- ASTP001 [~ASTP001@50-78-139-78-static.hfc.comcastbusiness.net] has joined #bitcoin-wizards 10:33 < Eliel> ... that is, if it's at all feasible. 10:34 -!- zooko [~user@72.42.70.210] has quit [Ping timeout: 244 seconds] 10:35 < kanzure> Eliel: sounds like a compresison algorithm. 10:35 < Eliel> yep, pretty much 10:36 -!- zooko [~user@72.42.70.210] has joined #bitcoin-wizards 10:36 -!- Oizopower [uid19103@gateway/web/irccloud.com/x-caxdfgcuennnfmop] has quit [Quit: Connection closed for inactivity] 10:41 -!- zooko` [~user@c-71-229-205-98.hsd1.co.comcast.net] has joined #bitcoin-wizards 10:43 -!- zooko [~user@72.42.70.210] has quit [Ping timeout: 250 seconds] 10:45 -!- Mably [~Mably@unaffiliated/mably] has joined #bitcoin-wizards 10:50 -!- dEBRUYNE [~dEBRUYNE@142.252.28.37.rev.vodafone.pt] has quit [Quit: Leaving] 10:54 < CoinMuncher1> Eliel sounds cool, but when is the compression "done" ? The first one that reaches some percentage? 10:55 -!- digitalmagus8 [~digitalma@unaffiliated/digitalmagus] has joined #bitcoin-wizards 10:55 -!- digitalmagus [~digitalma@unaffiliated/digitalmagus] has quit [Ping timeout: 252 seconds] 10:56 < CoinMuncher1> And what's to prevent a miner from putting some easily compressable transactions in the block? 10:57 -!- zooko` [~user@c-71-229-205-98.hsd1.co.comcast.net] has left #bitcoin-wizards ["#tahoe-lafs"] 10:59 < Eliel> CoinMuncher1: I see you realized why the percentage is problematic. I don't have an alternative to propose, so that's why I'm wondering if it's feasible at all. 11:00 < CoinMuncher1> Well, it's one of those PoW-alternatives that has crossed my mind sometime too, but I never put more though into it than this, so just saying. 11:01 < Eliel> although, it wouldn't be a problem because miners could put those in blocks. It'd be a problem because then the difficulty would be hard to tune. 11:03 < CoinMuncher1> Yeah think so too. Would be cool to give it a try sometime though. Not necessarily as a PoW alternative, but in general. 11:07 < tromp_> new motto for cuckoo cycle: 1 memory bank + 1 virtual core = 1 vote 11:09 < Eliel> tromp_: what does the virtual core mean in that? 11:09 < tromp_> if you turn on hyperthreading on intel cpus, then a core that's waiting for memory can switch to another thread 11:10 < tromp_> some sparc cpus can do that at even larger factors than 2 11:10 < Eliel> ah right, I think I read about a CPU that had 4 instruction queues that did that with 4 threads at once. 11:11 < tromp_> so virtual core is like threads that can have simultaneous outstanding memory read requests 11:11 < Eliel> so, cuckoo cycle favours processors with lots of virtual cores. 11:11 < tromp_> oh yes 11:12 < tromp_> the more the merrier 11:12 < tromp_> up to the point where you saturate all your memory banks 11:13 < tromp_> which is why it wldnt run well on gpus 11:13 -!- spinza [~spin@197.89.23.38] has joined #bitcoin-wizards 11:13 < Eliel> because gpus are bad at random access? 11:13 < tromp_> bad at random *global* memory access 11:15 < Eliel> I suppose the optimal system for cuckoo cycle would have the processor run at about the same frequency as the memory. 11:16 < tromp_> memory freq only relevant for sequential access 11:16 < tromp_> memory banks have long latency when they need to switch rows 11:16 < Eliel> although, you could get by with a pretty small instruction set for the processor cores. 11:17 < tromp_> doesn't take a fast core to keep up with that (by generating rnd address from siphash) 11:17 < Eliel> is there any consideration for forcing the inevitable ASICs to at least be general purpose? 11:18 < tromp_> dram is the asic for cuckoo cycle 11:18 < Eliel> I think it's inevitable that someone will make a chip with both memory and barely good enough CPU on the same chip. 11:19 < tromp_> custom memories for cuckoo cycle are expected to be too expensive to be economically competitive 11:20 < tromp_> eg. look at static ram, 10x faster, but 100x more expensive 11:21 < tromp_> and that's not even custom 11:21 < Eliel> I'm not very familiar with the technical limitations, but it sounds likely that we'll see a commodity chip that's CPU + memory on one chip sooner or later. 11:22 < tromp_> we already have many caches on cpus:) 11:22 -!- stonecoldpat [~a9380004@janus-nat-128-240-225-56.ncl.ac.uk] has joined #bitcoin-wizards 11:23 < Eliel> true, the caches are big enough in themselves that people would've drooled on the chips for just that in 1990s. 11:23 < tromp_> putting 1GB DRAM on a cpu chip is not gonna make random access much faster 11:36 -!- ASTP001 [~ASTP001@50-78-139-78-static.hfc.comcastbusiness.net] has quit [Quit: My Mac has gone to sleep. ZZZzzz…] 11:40 -!- mrkent [~textual@unaffiliated/mrkent] has joined #bitcoin-wizards 11:40 -!- mrkent [~textual@unaffiliated/mrkent] has quit [Max SendQ exceeded] 11:45 -!- mrkent [~textual@unaffiliated/mrkent] has joined #bitcoin-wizards 11:46 -!- ASTP001 [~ASTP001@50-78-139-78-static.hfc.comcastbusiness.net] has joined #bitcoin-wizards 11:47 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 11:48 -!- digitalmagus [~digitalma@unaffiliated/digitalmagus] has joined #bitcoin-wizards 11:49 -!- digitalmagus8 [~digitalma@unaffiliated/digitalmagus] has quit [Ping timeout: 250 seconds] 11:52 -!- jps [~Jud@198.199.83.156] has quit [Ping timeout: 246 seconds] 11:52 -!- c0rw1n [~c0rw1n@91.176.95.206] has quit [Ping timeout: 264 seconds] 11:52 -!- c0rw1n_ [~c0rw1n@91.176.95.206] has joined #bitcoin-wizards 11:57 < thesnark> Eliel: I have studied fractal addressing in P2P networks. I think that if you implemented that idea properly it would make for a suitable consensus mechanism. 11:57 -!- c0rw1n_ is now known as c0rw1n 11:58 < Eliel> thesnark: do you think it'd also achieve the secondary goal and actually compress the blockchain? 12:00 < thesnark> Eliel: it's a long shot, but yes 12:00 < thesnark> I could see that working actually 12:02 -!- digitalmagus [~digitalma@unaffiliated/digitalmagus] has quit [] 12:09 -!- blackwraith [~priidu@unaffiliated/priidu] has joined #bitcoin-wizards 12:11 -!- priidu [~priidu@unaffiliated/priidu] has quit [Ping timeout: 240 seconds] 12:15 -!- tromp__ [~tromp@ool-18be0b4d.dyn.optonline.net] has joined #bitcoin-wizards 12:16 -!- www [~v3@p50895834.dip0.t-ipconnect.de] has joined #bitcoin-wizards 12:17 < www> is there an implementation for BIP47 (reusable payment codes) already? 12:19 -!- eudoxia [~eudoxia@r167-56-98-55.dialup.adsl.anteldata.net.uy] has joined #bitcoin-wizards 12:20 -!- tromp__ [~tromp@ool-18be0b4d.dyn.optonline.net] has quit [Ping timeout: 256 seconds] 12:40 -!- gielbier [~giel@dhcp-077-251-148-214.chello.nl] has quit [Ping timeout: 244 seconds] 12:42 -!- mrkent [~textual@unaffiliated/mrkent] has quit [] 12:50 -!- www [~v3@p50895834.dip0.t-ipconnect.de] has quit [Ping timeout: 255 seconds] 12:50 -!- gielbier [~giel@dhcp-077-251-148-214.chello.nl] has joined #bitcoin-wizards 12:51 -!- mrkent [~textual@unaffiliated/mrkent] has joined #bitcoin-wizards 12:52 -!- mountaingoat [~mountaing@unaffiliated/mountaingoat] has quit [Ping timeout: 244 seconds] 12:53 -!- Artimage [d88b8b32@gateway/web/cgi-irc/kiwiirc.com/ip.216.139.139.50] has quit [Quit: http://www.kiwiirc.com/ - A hand crafted IRC client] 12:56 -!- sparetire_ [~sparetire@unaffiliated/sparetire] has joined #bitcoin-wizards 13:01 -!- mountaingoat [~mountaing@unaffiliated/mountaingoat] has joined #bitcoin-wizards 13:01 -!- www [~v3@p50895834.dip0.t-ipconnect.de] has joined #bitcoin-wizards 13:03 -!- cluckj [~cluckj@pool-108-16-231-242.phlapa.fios.verizon.net] has joined #bitcoin-wizards 13:15 -!- MrTratta [~MrTratta@2-228-102-98.ip191.fastwebnet.it] has quit [Ping timeout: 246 seconds] 13:16 -!- MrTratta [~MrTratta@2-228-102-98.ip191.fastwebnet.it] has joined #bitcoin-wizards 13:17 -!- gielbier [~giel@dhcp-077-251-148-214.chello.nl] has quit [Ping timeout: 244 seconds] 13:24 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Quit: Quitte] 13:27 -!- antgreen [~user@CPE687f74122463-CM84948c2e0610.cpe.net.cable.rogers.com] has joined #bitcoin-wizards 13:29 -!- Xh1pher [~Xh1pher@pD9E3988A.dip0.t-ipconnect.de] has quit [Read error: Connection reset by peer] 13:33 -!- spinza [~spin@197.89.23.38] has quit [Excess Flood] 13:34 -!- c-cex-yuriy [uid76808@gateway/web/irccloud.com/x-xtllsayaizrkbbex] has quit [Quit: Connection closed for inactivity] 13:37 -!- samsamoa [c04ded5f@gateway/web/freenode/ip.192.77.237.95] has joined #bitcoin-wizards 13:37 -!- spinza [~spin@197.89.23.38] has joined #bitcoin-wizards 13:44 < samsamoa> New here, tell me if I'm in the wrong place. What are the incentives that prevent miners from arbitrarily increasing the block reward? 13:44 -!- eudoxia [~eudoxia@r167-56-98-55.dialup.adsl.anteldata.net.uy] has quit [Quit: Leaving] 13:46 -!- Guest29364 [~psztorc@ool-4575fa8d.dyn.optonline.net] has quit [Ping timeout: 265 seconds] 13:50 -!- gielbier [~giel@dhcp-077-251-148-214.chello.nl] has joined #bitcoin-wizards 13:51 -!- hashtag_ [~hashtag@174.97.245.31] has joined #bitcoin-wizards 13:51 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has quit [Remote host closed the connection] 13:54 -!- koine [~smik@50.248.81.66] has quit [Quit: Leaving] 13:55 < nsh> samsamoa, it would not be accepted by other nodes on the network. the block reward amount is a hardcoded function of the block-height 13:56 -!- katsik [~kats1k@50.248.81.66] has joined #bitcoin-wizards 14:02 < samsamoa> nah, I get that a single miner couldn't do this. but could miners increase the block reward by consensus? 14:03 < samsamoa> nsh, just like they could presumably increase the block size by consensus 14:05 -!- wallet42 [~wallet42@bzq-125-168-31-73.red.bezeqint.net] has joined #bitcoin-wizards 14:06 -!- hashtag_ [~hashtag@174.97.245.31] has quit [Ping timeout: 265 seconds] 14:08 < gwillen> samsamoa: they can't exactly do either. Even if all miners together decided to change those hardcoded constraints, other nodes would ignore those blocks 14:09 < gwillen> so e.g. all the exchanges and merchants would just not see the bad blocks being generated by the rebel miners 14:09 < gwillen> (unless they ALSO changed their software to accept the new blocks) 14:10 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has quit [Ping timeout: 264 seconds] 14:10 -!- StephenM347 [~stephenm3@static-64-223-246-218.port.east.myfairpoint.net] has quit [] 14:11 < samsamoa> Is the same thing true about a block size increase, though? 14:12 < samsamoa> gwillen, it sounds like what you're saying is that there's no incentive for non-mining nodes to change their software. But if they knew that most miners would soon change, wouldn't they also want to change? 14:12 < midnightmagic> samsamoa: You should ask this in #bitcoin instead. this isn't really a topic for -wizards 14:13 < gwillen> samsamoa: what midnightmagic says is true 14:13 < gwillen> but also, you're getting into psychology and game theory now 14:14 < gwillen> which is interesting but fuzzy -- the technical facts are what they are, but what people will _do_ is complicated. 14:16 < samsamoa> yeah, the game theory aspect is what interests me. thanks, all - I'll take this to #bitcoin. 14:16 * gwillen nodnod 14:18 -!- www [~v3@p50895834.dip0.t-ipconnect.de] has quit [Ping timeout: 272 seconds] 14:30 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has joined #bitcoin-wizards 14:36 < go1111111> i think I figured out how to modify Rusty's lightning network modification, so that it still doesn't need a malleability fix but also is outsourcable. 14:36 < go1111111> malleability is a problem because in the traditional LN setup, the anchor transaction is symmetric.. each person contributes some funds to it, so each person can be harmed if the other person modifies the anchor transaction's hash 14:37 -!- ASTP001 [~ASTP001@50-78-139-78-static.hfc.comcastbusiness.net] has quit [Ping timeout: 244 seconds] 14:38 < go1111111> so, a fix: only one person funds the anchor transaction, and that person is responsible for broadcasting it.. once it's accepted, the other person opens a one-way payment channel to that person to pay them for half the initial funding amount, while the initial person simultaneously credits them in the lightning channel that was created. would that work? 14:39 < gwillen> go1111111: how do you manage the 'simultaneous' credit such that neither party can rip the other off unilaterally? 14:40 < go1111111> gwillen: because both payment channels are micropayment channels. i send you 1 cent worth of value on the LN channel, and you send me 1 cents worth of value on the simple payment channel. repeat. 14:41 < go1111111> if you stop you can steal one cent from me, yes 14:41 < gwillen> hmm ok, that's not crazy 14:41 < go1111111> the simple payment channel will expire, leaving a non-expiring LN channel that is half funded by both people 14:41 < gwillen> albeit requires a lot of of overhead 14:41 < gwillen> in terms of transmitting microtransactions 14:41 -!- stonecoldpat [~a9380004@janus-nat-128-240-225-56.ncl.ac.uk] has quit [Quit: Leaving.] 14:42 < gwillen> it seems like if only one person funds the anchor transaction, then the other person's funds in the channel will never be safe, though 14:42 < gwillen> but without a diagram it's hard for me to be sure 14:43 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 14:44 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Client Quit] 14:44 < go1111111> the other person will have copies of transactions that give them some of the initial person's funds. they'll always be able to post these to the network before the anchor funder can withdraw all their funds bc of how LN works now 14:47 -!- nubbins` [~leel@unaffiliated/nubbins] has joined #bitcoin-wizards 14:52 -!- bedeho [~bedeho@ti0128a400-3195.bb.online.no] has quit [Ping timeout: 246 seconds] 14:52 -!- belcher [~user@unaffiliated/belcher] has joined #bitcoin-wizards 14:53 -!- dEBRUYNE [~dEBRUYNE@142.252.28.37.rev.vodafone.pt] has joined #bitcoin-wizards 14:55 < go1111111> Actually the other person will have just one transaction -- his copy of the commit transaction. He'll also have revocation preimages from earlier copies of the funder's commit transaction 14:59 -!- dEBRUYNE [~dEBRUYNE@142.252.28.37.rev.vodafone.pt] has quit [Quit: Leaving] 14:59 < roasbeef> go1111111: perhaps you should post that in #lightning-dev ? 15:00 -!- Guest20077 [~user@5ec3233a.skybroadband.com] has quit [Quit: Leaving] 15:01 < go1111111> didn't know that existed, but will do. thanks. 15:04 -!- www [~v3@p50895834.dip0.t-ipconnect.de] has joined #bitcoin-wizards 15:13 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has quit [Ping timeout: 246 seconds] 15:17 -!- CoinMuncher1 [~jannes@178.132.211.90] has quit [Quit: Leaving.] 15:25 -!- www1 [~v3@p50896035.dip0.t-ipconnect.de] has joined #bitcoin-wizards 15:26 -!- AaronvanW [~ewout@x55b284d8.dyn.telefonica.de] has joined #bitcoin-wizards 15:26 -!- AaronvanW [~ewout@x55b284d8.dyn.telefonica.de] has quit [Changing host] 15:26 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has joined #bitcoin-wizards 15:27 -!- www 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