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laurentmt [~Thunderbi@92.154.68.134] has quit [Quit: laurentmt] 09:12 -!- anon616 [anon616@gateway/shell/sameroom/x-tnjbtokfelhrewtn] has joined #bitcoin-wizards 09:13 -!- daszorz [~daszorz@188.94.18.118] has quit [Read error: Connection reset by peer] 09:20 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Remote host closed the connection] 09:23 -!- anon616 [anon616@gateway/shell/sameroom/x-tnjbtokfelhrewtn] has quit [Remote host closed the connection] 09:30 -!- abpa [~abpa@96-82-80-28-static.hfc.comcastbusiness.net] has joined #bitcoin-wizards 09:33 -!- anon616 [anon616@gateway/shell/sameroom/x-wpwvwoxxcwgbqbpo] has joined #bitcoin-wizards 09:33 -!- anon616 [anon616@gateway/shell/sameroom/x-wpwvwoxxcwgbqbpo] has quit [Remote host closed the connection] 09:34 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has joined #bitcoin-wizards 09:37 -!- anon616 [anon616@gateway/shell/sameroom/x-jowdwwknpdbhscwa] has joined #bitcoin-wizards 09:37 -!- Aaronvan_ [~AaronvanW@unaffiliated/aaronvanw] has joined #bitcoin-wizards 09:38 -!- Aaronva__ [~AaronvanW@unaffiliated/aaronvanw] has joined #bitcoin-wizards 09:40 -!- AaronvanW [~AaronvanW@unaffiliated/aaronvanw] has quit [Ping timeout: 255 seconds] 09:41 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 09:42 -!- Aaronvan_ [~AaronvanW@unaffiliated/aaronvanw] has quit [Ping timeout: 240 seconds] 09:45 -!- anon616 [anon616@gateway/shell/sameroom/x-jowdwwknpdbhscwa] has quit [Remote host closed the connection] 09:48 < stevenroose> I was thinking about a sidechain idea 09:48 < stevenroose> How feasible would it be to have a sidechain that uses PoS but where the staking asset is Bitcoin. 09:48 < stevenroose> And stakers buy mining tickets by providing SPV stale coin proves 09:49 < stevenroose> s/mining/staking/ 09:50 < stevenroose> This allows bitcoin holders to stake on multiple of those sidechains 09:51 < stevenroose> It does not allow support for the more complex staking incentivization like Casper is trying to do with punishing stakers that stake on multiple forks etc 09:51 < stevenroose> (i.e. you cannot take a stakers money) 09:57 -!- anon616 [anon616@gateway/shell/sameroom/x-varotvglhownnlbj] has joined #bitcoin-wizards 09:58 -!- jb55 [~jb55@208.98.200.100] has quit [Ping timeout: 260 seconds] 10:09 -!- anon616 [anon616@gateway/shell/sameroom/x-varotvglhownnlbj] has quit [Remote host closed the connection] 10:13 -!- anon616 [anon616@gateway/shell/sameroom/x-uafpbhxxueacblra] has joined #bitcoin-wizards 10:15 < nsh> what would the PoS achieve, stevenroose? 10:16 -!- RubenSomsen [~RubenSoms@1.217.138.142] has joined #bitcoin-wizards 10:17 < stevenroose> nsh: result would me more or less similar to a merge mined sidechain 10:18 < stevenroose> as a trade-off for the probably bigger pos proofs that will be included in blocks, you may have more regular block times and a consensus system that doesn't increase the earnings of existing pow miners 10:18 < nsh> no i mean, what would be the value of having tokens in the sidechain 10:19 < nsh> which are backed in whatever way by PoS in the mainchain 10:19 < stevenroose> the tokens are still just pegged bitcoins 10:19 < stevenroose> srry, I'm talking about a two-way pegged sidechain 10:19 < nsh> why would i want 999 instead of 0 of these? 10:19 < stevenroose> since the consensus is on stale bitcoin proofs, technically, they can be mainchain verified 10:20 < nsh> (for instance i have 0 bitcoins and you can use them to buy drugs and small islands these days) 10:20 < stevenroose> just like merge mine proofs 10:20 < stevenroose> nsh: I don't get your question 10:20 < kanzure> stevenroose: what were the drivechain criticisms? 10:20 -!- anon616 [anon616@gateway/shell/sameroom/x-uafpbhxxueacblra] has left #bitcoin-wizards [] 10:20 < stevenroose> I have to go, I can be back in like an hour 10:20 < nsh> ok, forget i asked :) 10:20 -!- anon616 [anon616@gateway/shell/sameroom/x-uafpbhxxueacblra] has 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#bitcoin-wizards 12:42 -!- [SaD] is now known as StopAndDecrypty 12:42 -!- anon616 [anon616@gateway/shell/sameroom/x-upokxjlgbxelkxmj] has quit [Remote host closed the connection] 12:42 -!- StopAndDecrypty is now known as StopAndDecrypt 12:47 -!- anon616 [anon616@gateway/shell/sameroom/x-nlemldfuxkyjvgba] has joined #bitcoin-wizards 12:48 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 12:50 -!- anon616 [anon616@gateway/shell/sameroom/x-nlemldfuxkyjvgba] has quit [Remote host closed the connection] 12:51 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 260 seconds] 12:54 -!- anon616 [anon616@gateway/shell/sameroom/x-sbrgmgipzjottift] has joined #bitcoin-wizards 12:57 -!- anon616 [anon616@gateway/shell/sameroom/x-sbrgmgipzjottift] has quit [Remote host closed the connection] 12:58 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #bitcoin-wizards 13:01 -!- anon616 [anon616@gateway/shell/sameroom/x-fffhbtmzhaalodjd] has joined #bitcoin-wizards 13:09 -!- privateglacier [b2c64e63@gateway/web/freenode/ip.178.198.78.99] has joined #bitcoin-wizards 13:09 -!- Guyver2 [~Guyver@guyver2.xs4all.nl] has quit [Quit: Going offline, see ya! (www.adiirc.com)] 13:10 -!- Guyver2 [AdiIRC@guyver2.xs4all.nl] has joined #bitcoin-wizards 13:27 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 13:30 -!- wxxs [~chatzilla@184.75.212.77] has joined #bitcoin-wizards 13:43 < stevenroose> kanzure: tell me :) 13:43 < kanzure> i asked first 13:44 < stevenroose> well, I don't know. I read the first sidechain paper from blockstream but never fully read into drivechains 13:44 < stevenroose> what I understood from comments is that it requires miners to do cross-chain validation 13:46 < stevenroose> what I got from the sidechain paper's two-way peg was that the whole idea should be that pegs should be verifiable without having knowledge of the sidechain 13:46 < stevenroose> by using SPV proofs 13:47 < stevenroose> that made it quite a requirement for sidechains to have a similar PoW than Bitcoin has, in order to quantify the amount of work the SPV proofs contained 13:48 < stevenroose> but a standardized way to build stake proofs in the bitcoin protocol could work in that way as welll 13:49 < stevenroose> a stale coin proof could be an SPV proof of a tx that creates an output and then another that spends that output X blocks later, in which X * the amount would be the cointime value of the stake 13:59 -!- Guyver2 [AdiIRC@guyver2.xs4all.nl] has quit [Quit: Going offline, see ya! 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