--- Log opened Thu Oct 30 00:00:35 2014
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03:26 < maaku> why didn't Justcoin advocate rewinding consensus when the exploit was discovered?
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03:28 < Luke-Jr> maaku: huh? wasn't justcoin killed by regulators, not exploit?
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03:41 < phantomcircuit> maaku, because it's not a bitcoin exploit
03:41 < phantomcircuit> Luke-Jr, lol no
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04:01 < 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
04:02 < phantomcircuit> maaku, freeze what funds, it's IOUs for less than existed
04:02 < phantomcircuit> there's nothing to freeze
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04:03 < phantomcircuit> it's like if bitcoind just started randomly reporting all receive transactions in listtransactions as being 100x their real size
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04:07 < 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
04:08 < sipa> maaku, phantomcircuit: why are you guys awake?
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04:09 < phantomcircuit> sipa, because i got up at 2pm
04:10 < phantomcircuit> ima be super grumpy tomorrow though
04:10 < phantomcircuit> :/
04:10 < phantomcircuit> "tomorrow" being today of course
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06:31 < 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
06:32 < 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
06:33 < pigeons> well yeah an exploit against justcoin's horrible implementation
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06:34 < pigeons> then lots of excuses and misdirection after something bad happens is telling
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07:22 < phantomcircuit> pigeons, https://github.com/ripple/gatewayd/issues/186
07:22 < phantomcircuit> that seems pretty clear cut
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07:40 < 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
07:42 < Eliel> as long as the orphan rate increase is noticeable, miners are incentivized to fix it
07:45 < 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
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08:00 < pigeons> phantomcircuit: justcoin didnt use that system, gatewayd
08:01 < pigeons> they were just idiots. seems the ripplelabs code causes problems as well
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08:02 < pigeons> seems rippleabs shouldn't be writing code that handles people's money either :)
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08:59 < jgarzik> tromp, https://twitter.com/jgarzik/status/527851031531880448
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09:07 < zooko> ☺ Cuckoo PoW
09:08 < tromp> thx for the pointer, jgarzik
09:09  * sipa imagines a cuckoo saying "pow! pow! pooooow!"
09:11 < 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
09:12 < zooko> :-)
09:12 < tromp> jgarzik: answer to HoboJerk tweet: by default, yes, unless you involve graph size in difficulty adjustment
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09:58 < phantomcircuit> jgarzik, that is at least a well written memory hard proof of work
10:07 < tromp> of course the memory hardness is only conjectured and cannot be proven
10:10 < phantomcircuit> true and there have been improvements to the original implementation that were significant
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22:45 < 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
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--- Log closed Fri Oct 31 00:00:36 2014