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priidu [~priidu@unaffiliated/priidu] has quit [Ping timeout: 255 seconds] 15:42 -!- PRab [~chatzilla@c-68-56-234-28.hsd1.mi.comcast.net] has quit [Quit: ChatZilla 0.9.93 [Firefox 53.0.3/20170518000419]] 15:45 -!- UnrealLife [~UnrealLif@95.184.93.238] has quit [Quit: Leaving] 15:50 < kanzure> mimblewimble people should aim for a sidechain, not their own supply :) 15:52 -!- dclxvi [dclxvi@95-44-201-135-dynamic.agg1.whi.bdt-fng.eircom.net] has quit [Ping timeout: 240 seconds] 15:59 -!- q4 [~q4@user-94-254-234-23.play-internet.pl] has quit [Ping timeout: 240 seconds] 16:01 -!- rmwb [~rmwb@2001:df0:ce:1080:259d:f5e0:3579:f942] has joined #bitcoin-wizards 16:16 < andytoshi> https://lists.launchpad.net/mimblewimble/msg00103.html 16:22 -!- rmwb [~rmwb@2001:df0:ce:1080:259d:f5e0:3579:f942] has quit [Remote host closed the connection] 16:29 -!- mol [~IRCIdent@unaffiliated/molly] has quit [Ping timeout: 240 seconds] 16:30 -!- moli [~IRCIdent@unaffiliated/molly] has joined #bitcoin-wizards 16:38 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[~Dya@a91-156-192-39.elisa-laajakaista.fi] has joined #bitcoin-wizards 19:05 -!- mol [~IRCIdent@unaffiliated/molly] has joined #bitcoin-wizards 19:06 -!- bsm117532 [~mcelrath@static-100-38-216-231.nycmny.fios.verizon.net] has joined #bitcoin-wizards 19:06 < kanzure> what about transaction fees get replaced by transaction pow, then do transaction pow difficulty targeting (or straight up competition)? 19:06 < kanzure> oh it only works if you're doing merkle dag things, because otherwise you can't pay to make up for the missing subsidy 19:07 < kanzure> nevermind 19:11 -!- rilos [~rilos@unaffiliated/rilos] has quit [Quit: My MacBook has gone to sleep. ZZZzzz...] 19:24 -!- RubenSomsen [~RubenSoms@1.217.138.142] has joined #bitcoin-wizards 19:35 -!- surae [uid231938@gateway/web/irccloud.com/x-zgqgjjjbfprngmnp] has joined #bitcoin-wizards 19:35 < surae> howdy everyone 19:49 -!- fibonacci_ [uid136497@gateway/web/irccloud.com/x-bcagfitmbveknbcn] has joined #bitcoin-wizards 19:51 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Remote host closed the connection] 19:52 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 19:53 -!- AaronvanW [~AaronvanW@unaffiliated/aaronvanw] has quit [] 19:54 -!- Giszmo [~leo@pc-240-13-215-201.cm.vtr.net] has quit [Quit: Leaving.] 19:55 -!- rilos [~rilos@unaffiliated/rilos] has joined #bitcoin-wizards 19:59 -!- Belkaar_ [~Belkaar@xdsl-87-78-137-236.netcologne.de] has quit [Ping timeout: 245 seconds] 20:00 -!- Belkaar [~Belkaar@xdsl-78-35-70-253.netcologne.de] has joined #bitcoin-wizards 20:00 -!- Belkaar [~Belkaar@xdsl-78-35-70-253.netcologne.de] has quit [Changing host] 20:00 -!- Belkaar [~Belkaar@unaffiliated/belkaar] has joined #bitcoin-wizards 20:01 -!- rilos_ [~rilos@unaffiliated/rilos] has joined #bitcoin-wizards 20:02 -!- rilos [~rilos@unaffiliated/rilos] has quit [Read error: Connection reset by peer] 20:06 -!- rmwb [~rmwb@2001:df0:ce:1080:4d01:b308:98ac:e22d] has joined #bitcoin-wizards 20:09 -!- harrymm [~wayne@104.237.91.127] has quit [Ping timeout: 245 seconds] 20:11 -!- rmwb [~rmwb@2001:df0:ce:1080:4d01:b308:98ac:e22d] has quit [Remote host closed the connection] 20:17 < bsm117532> I've long wanted a transaction PoW...where the miners are service providers who mine your transaction and submit it, and you pay them in fiat not in subsidy. 20:17 -!- bsm117532 [~mcelrath@static-100-38-216-231.nycmny.fios.verizon.net] has quit [Remote host closed the connection] 20:21 -!- bsm117532 [~mcelrath@static-100-38-216-231.nycmny.fios.verizon.net] has joined #bitcoin-wizards 20:23 < gmaxwell> because you like progress and parties with the highest hashrate to solve all the blocks? 20:26 < bsm117532> Who said anything about blocks? Target is satisfied when the sum of all work on the transactions passes a threshold, and there is no block reward. 20:27 < bsm117532> Coins could be allocated (for instance) proportional to the difficulty on the transactions, with the miners adding an output. 20:28 -!- harrymm [~wayne@104.237.91.152] has joined #bitcoin-wizards 20:29 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has quit [Remote host closed the connection] 20:31 < bsm117532> Not proposing a full solution here...just brainstorming...the idea probably requires some form of aggregatable PoW. I wrote a whole blog post on this and didn't publish it (yet)...need to evaluate whether I can create an aggregatable PoW based on sipa's "rolling UTXO commitment" idea. (or any other idea for that matter) 20:33 < bsm117532> "Aggregatable PoW" is a PoW where the PoW hashes can be "added" and proved in O(1) that they correspond to the claimed work. Bitcoin only achieves this by having the full history of PoW hashes. An "Aggregatable PoW" I define as a single hash you could present that would represent the accumulated work, and could be verified in O(1). 20:34 -!- Chris_Stewart_5 [~chris@173-31-39-168.client.mchsi.com] has quit [Ping timeout: 246 seconds] 20:35 -!- bsm117532 [~mcelrath@static-100-38-216-231.nycmny.fios.verizon.net] has quit [Quit: Leaving.] 20:38 -!- bsm117532 [~mcelrath@static-100-38-216-231.nycmny.fios.verizon.net] has joined #bitcoin-wizards 20:39 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has joined #bitcoin-wizards 20:41 -!- priidu [~priidu@unaffiliated/priidu] has joined #bitcoin-wizards 20:56 -!- rilos_ [~rilos@unaffiliated/rilos] has quit [Quit: My MacBook has gone to sleep. ZZZzzz...] 20:57 -!- Chris_Stewart_5 [~chris@173-31-39-168.client.mchsi.com] has joined #bitcoin-wizards 21:00 -!- legogris [~legogris@128.199.205.238] has quit [Remote host closed the connection] 21:00 -!- legogris [~legogris@128.199.205.238] has joined #bitcoin-wizards 21:10 -!- btcdrak [uid230524@gateway/web/irccloud.com/x-bllegxwipwhsbwnx] has joined #bitcoin-wizards 21:18 -!- priidu [~priidu@unaffiliated/priidu] has quit [Ping timeout: 260 seconds] 21:20 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has quit [Ping timeout: 245 seconds] 21:23 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has joined #bitcoin-wizards 21:26 -!- Chris_Stewart_5 [~chris@173-31-39-168.client.mchsi.com] has quit [Ping timeout: 260 seconds] 21:30 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has quit [Ping timeout: 245 seconds] 21:31 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has joined #bitcoin-wizards 21:37 -!- kmels [~kmels@78.63.151.186.static.intelnet.net.gt] has quit [Ping timeout: 255 seconds] 21:38 -!- kmels [~kmels@78.63.151.186.static.intelnet.net.gt] has joined #bitcoin-wizards 21:44 -!- RubenSomsen [~RubenSoms@1.217.138.142] has quit [Ping timeout: 240 seconds] 21:52 < mryandao> under this model, does it mean the user with the most powerful processor gets to produce the most transactions? 21:53 -!- jtimon [~quassel@117.29.134.37.dynamic.jazztel.es] has quit [Ping timeout: 240 seconds] 21:54 -!- kmels [~kmels@78.63.151.186.static.intelnet.net.gt] has quit [Ping timeout: 240 seconds] 21:54 -!- rmwb [~rmwb@129.180.84.236] has joined #bitcoin-wizards 21:58 -!- fibonacci_ [uid136497@gateway/web/irccloud.com/x-bcagfitmbveknbcn] has quit [Quit: Connection closed for inactivity] 22:06 -!- tromp [~tromp@ool-944bc443.dyn.optonline.net] has joined #bitcoin-wizards 22:23 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Ping timeout: 240 seconds] 22:40 -!- rmwb [~rmwb@129.180.84.236] has quit [Remote host closed the connection] 22:44 -!- tromp [~tromp@ool-944bc443.dyn.optonline.net] has quit [Remote host closed the connection] 23:08 -!- RubenSomsen [~RubenSoms@1.217.138.142] has joined #bitcoin-wizards 23:11 -!- v20100 [~20100@modemcable072.203-130-66.mc.videotron.ca] has quit [Ping timeout: 240 seconds] 23:25 -!- talmai [~T@c-24-147-97-55.hsd1.ma.comcast.net] has quit [Quit: mining] 23:27 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has quit [Ping timeout: 240 seconds] 23:29 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has joined #bitcoin-wizards 23:40 -!- JackH [~laptop@217.149.140.177] has joined #bitcoin-wizards 23:42 -!- rilos [~rilos@unaffiliated/rilos] has joined #bitcoin-wizards 23:48 -!- windsok [~windsok@45.63.59.8] has quit [Ping timeout: 240 seconds] 23:50 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Ping timeout: 255 seconds] 23:52 -!- windsok [~windsok@45.63.59.8] has joined #bitcoin-wizards 23:54 < Eliel> bsm117532: isn't the current PoW algorithm aggregatable in a sense already? I mean, all you need to do is pick the lowest hash you found to represent the work. It loses some accuracy in the process though. --- Log closed Thu Jun 01 00:00:10 2017