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| maaku | why didn't Justcoin advocate rewinding consensus when the exploit was discovered? | 03:26 |
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| Luke-Jr | maaku: huh? wasn't justcoin killed by regulators, not exploit? | 03:28 |
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| phantomcircuit | maaku, because it's not a bitcoin exploit | 03:41 |
| phantomcircuit | Luke-Jr, lol no | 03:41 |
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| maaku | phantomcircuit: right, that's why it would have actually worked. either manually reset consensus (as has been done before), or freeze the stolen funds and issue replacements | 04:01 |
| phantomcircuit | maaku, freeze what funds, it's IOUs for less than existed | 04:02 |
| phantomcircuit | there's nothing to freeze | 04:02 |
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| phantomcircuit | it's like if bitcoind just started randomly reporting all receive transactions in listtransactions as being 100x their real size | 04:03 |
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| phantomcircuit | maaku, only way to make it right is for those responsible to pay up | 04:07 |
| phantomcircuit | which i cant imagine is going to happen | 04:07 |
| sipa | maaku, phantomcircuit: why are you guys awake? | 04:08 |
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| phantomcircuit | sipa, because i got up at 2pm | 04:09 |
| phantomcircuit | ima be super grumpy tomorrow though | 04:10 |
| phantomcircuit | :/ | 04:10 |
| phantomcircuit | "tomorrow" being today of course | 04:10 |
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| pigeons | maaku: there's no exploit. its 100% justcoin deciding to handle people's money without knowing what they are doing. they credited people's account's with the full amount they tried to send | 06:31 |
| pigeons | on partial payments, even theough the nodes modified and their new balances clearly show what was actually modified, and its been like that since the beginiging | 06:32 |
| pigeons | and then they let people withdraw the fake balances they credited them | 06:32 |
| pigeons | well yeah an exploit against justcoin's horrible implementation | 06:33 |
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| pigeons | then lots of excuses and misdirection after something bad happens is telling | 06:34 |
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| phantomcircuit | pigeons, https://github.com/ripple/gatewayd/issues/186 | 07:22 |
| phantomcircuit | that seems pretty clear cut | 07:22 |
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| stonecoldpat | Eliel: regarding block convo yesterday, i don't think there would be a great orphan rate - as you have the majority of the network working with you to produce the next block - and you could choose 20% of the network to stale mine, which makes it unlikely that they would produce a new block before the next one | 07:40 |
| Eliel | as long as the orphan rate increase is noticeable, miners are incentivized to fix it | 07:42 |
| stonecoldpat | but if you were able to even just cut off 5% of the mining network, it may not actually increase the orphan rate and would be a victory | 07:45 |
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| pigeons | phantomcircuit: justcoin didnt use that system, gatewayd | 08:00 |
| pigeons | they were just idiots. seems the ripplelabs code causes problems as well | 08:01 |
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| pigeons | seems rippleabs shouldn't be writing code that handles people's money either :) | 08:02 |
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| jgarzik | tromp, https://twitter.com/jgarzik/status/527851031531880448 | 08:59 |
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| zooko | ☺ Cuckoo PoW | 09:07 |
| tromp | thx for the pointer, jgarzik | 09:08 |
| * sipa imagines a cuckoo saying "pow! pow! pooooow!" | 09:09 | |
| zooko | I'm currently planning to use Cuckoo PoW. | 09:11 |
| zooko | But, I can't talk about that right now because I need to go meet with my wife. | 09:11 |
| jgarzik | hehe | 09:11 |
| sipa | oh, PoW is proof of wife? | 09:11 |
| jgarzik | lol | 09:11 |
| zooko | :-) | 09:12 |
| tromp | jgarzik: answer to HoboJerk tweet: by default, yes, unless you involve graph size in difficulty adjustment | 09:12 |
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| phantomcircuit | jgarzik, that is at least a well written memory hard proof of work | 09:58 |
| tromp | of course the memory hardness is only conjectured and cannot be proven | 10:07 |
| phantomcircuit | true and there have been improvements to the original implementation that were significant | 10:10 |
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| gmaxwell | kinda interesting that sergio was surprised by the attack success calculator. I mean, I guess I do think it's surprising too ... which was why I put it up in web form. | 22:45 |
| gmaxwell | https://bitcointalk.org/index.php?topic=840271.0 | 22:45 |
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| --- Log closed Fri Oct 31 00:00:36 2014 | ||
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