--- Log opened Sun Aug 16 00:00:42 2015
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00:49 < BTCL> Greetings People.
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03:03 < Greedom> hello Bryan
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12:36 < Taek> https://scalingbitcoin.org/montreal2015/
12:36 < Taek> Are people planning on going to this ^ ?
12:38 < fluffypony> no, we don't need to anymore because XT already solved the scaling problems
12:38 < fluffypony> /s
12:38 < fluffypony> (non-sarcastically, yes, I believe there are several people here who are going)
12:40 < Luke-Jr> I don't think I'll be able to make it, unfortunately.
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12:44 < andytoshi> me neither
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12:52 < Taek> I am planning on going, would be nice to see some of you guys, especially if anyone is presenting
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15:00 < rusty> So, gmaxwell suggested a network protocol improvement where you would publish 1/20th strength blocks, and the encoding could refer to a previous block.  This could be combined with IBLT, but it's really orthogonal.  It seems to offer some nice scalability upsides; anyone else interested?
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15:02 < kanzure> strength=?
15:03 < rusty> kanzure: near PoW misses.
15:03 < kanzure> so 1/20-of-difficulty?
15:03 < kanzure> er, 1/20-of-difficulty-target?
15:03 < rusty> kanzure: yeah...
15:04 < kanzure> this might increase the average length of reorgs, but i doubt this is a big problem
15:04 < kanzure> whoops i mean average depth of reorgs..
15:05 < rusty> kanzure: I don't quite see how?
15:07 < kanzure> if valid chaintips become easier to make then i would expect more of them competing at the same time
15:07 < kanzure> i don't have a good reason, still thinking about that
15:07 < kanzure> which particular scalability upsides are you thinking of?
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15:08 < rusty> kanzure: you wouldn't build on these.  They just give provable insight into the current miners' mempools, and allow bandwidth scalability as you can say "the final block is like NNNN, with the following changes...".
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15:10 < kanzure> if you were to redact transactions (or include extra transactions) in already-mined blocks, then that means you woudl also be storing the near-miss pows in the blockchain as well?
15:10 < rusty> kanzure: no, these "WIP" blocks are just for network communication.
15:10 < kanzure> or would this only be a way for preferentially picking chaintips, outside of longest/best pow rules?
15:11 < kanzure> s/outside of/in addition to
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15:34 < Taek> I think it's been discussed before, but is there a good reason you couldn't have the mempools doing some sort of paxos?
15:34 < Taek> other than general implementation complexity
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15:37  * Taek reads more about the existing mempool implementations
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16:37 < Eliel> I like the idea of publishing 1/20th strength blocks. However, I think that's too conservative. 1/100th is what I'd vote for, personally.
16:38 < Eliel> Taek: some sort of identity based high speed consensus for mempools does sound like a good idea as well. At least, if the identities used are transient and change every block.
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23:53 < aj> rusty: huh, yeah, near-miss PoW is a neat way to demonstrate you're not lying about what you're working on to peers
23:53 < rusty> aj: it's what p2pool uses...
23:56 < CodeShark> lower difficulty PoW is how pooled mining shares work generally, no?
23:57 < rusty> CodeShark: yeah, but the broadcast of PoW idea is very reminiscent of p2pool (which is closer to the context of the initial conversation)
23:58 < CodeShark> it would be possible, in principle, to incorporate pooled mining directly into the protocol, no?
23:59 < rusty> CodeShark: that's basically what gmaxwell suggested, except without any coinbase requirements.  For those that did have the right coinbase, p2pool would become free, I think...
--- Log closed Mon Aug 17 00:00:43 2015