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01:49 < jl2012> What is the main obstacles of committing the UTXO set in every block? Because it takes too long to calculate the hash?
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06:25 < bsm117532> jl2012: Yes.
06:26 < jl2012> thanks
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06:31 < Taek> There's more to it. It's a lot of code complexity, and there are a lot of different ways to approach the problem
06:31 < Taek> also, it's really only useful for SPV security
06:32 < Taek> not that we shouldn't enhance SPV security, but the amount of effort + risk required to pull off utxo commitments didn't really match the reward
06:32 < Taek> afaik there have been a lot of people that have worked on it more than a trivial amount, but nobody has presented a full solution yet
06:37 < instagibbs> bramc is the latest to take a whack at it. Apparently there are lots of design tradeoffs to be considered.
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06:46 < jl2012> has anyone considered a delayed utxo commitment? For example, block X will commit to the utxo of block X-8, so that will provide enough time to calculate the hash
06:46 < sipa> yes
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06:46 < sipa> :)
06:47 < sipa> imho it's the only type of utxo commitment that is viable to implement in the short term
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06:47 < jl2012> ok, I have a draft for that already and obviously I reinvent some exisiting idea again.
06:48 < sipa> i was even thinking about only one commitment every day or week, and commit to the state one day or week back
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06:50 < jl2012> similar idea here..... my idea is to have commitment every 8 blocks, and have spent TXO commitment in every block
06:51 < jl2012> so a relatively compact proof could be generated for any fraud for every block
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07:23 < instagibbs> what's the relative cost of validating *txo commitments vs constructing in the most recent schemes?
07:23 < sipa> ?
07:24 < instagibbs> so im a miner, i receive a block with utxo commitment from 144 blocks ago
07:24 < instagibbs> i have to validate it before mining on top(?)
07:25 < instagibbs> so the miner who creates the block is able to take its time to construct it, but everyone validating doesn't?
07:25 < sipa> yes, every full node will need to do that
07:25 < sipa> no, he has 144 blocks time to compute it
07:25 < sipa> and so does everyone else
07:25 < instagibbs> oh.... yes
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07:26 < instagibbs> everyone constructs the tree for every arriving block then in case a commitment is made
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07:28  * instagibbs still waiting for a nice txo wiki as I'm way behind
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07:34 < jl2012> instagibbs: check https://8333.info later. I'm trying to collect these idea
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19:05 < bramc> Here's an encouraging piece of trivial: Mining rewards are handed out at about the same rate that the public spends money on Paris Hilton perfume.
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19:28 < tromp> not looking forward to seeing Paris launch Hiltcoin
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--- Log closed Thu Dec 17 00:00:39 2015