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06:45 < calibre720> decentralised DNS system? Is it in progress? I think it's possible.
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06:46 < kanzure> you think it's possible for it to be in progress?
06:46 < kanzure> then why ask ?
06:46 < kanzure> why not just look at namecoin/dnsturtlewhatever intead
06:46 < kanzure> *instead
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07:59 < tulip> kanzure: namecoin is somewhat of a wood bullet. lack of ability to use spv makes it basically worthless if you expect people to run their own resolvers.
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09:17 < maaku> tulip: that's a problem of namecoin's design though, not an inherent limitation. namecoin should have committed to current state
09:17 < maaku> (there's no shortage of problems with namecoin)
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10:20 < pigeons> will freinames be on "elements"?
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13:30 < gmaxwell> Hm. I've encountered an argument for a kind of flexcap that I think no one has discussed before.  Today many scrypt altcoins have significant problmes with adaptive pool hopping undermining their closed loop control of their difficulty, leading to increases in orphaning that have bad effects (like amplifying centeralization pressures).
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13:32 < gmaxwell> In a system were most of the mining income came from fees; unless there was a fee backlog, this effect would be worse.
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13:33 < gmaxwell> The "obvious fix" is to have block difficuty (but not credited work) increased by some function on the fees in the block relative to fees in recent blocks. Though it would incentivize fee bypass and be undermined by it.
13:37 < gmaxwell> I wonder though about what the effect would be if the function weren't related to the total value moved; that would prevent the bypass. ... but it would also go down the route of creating value proportional fees. Thats something we've historically thought to be undesirable due to tx amounts not really having anything to do with system processing costs... but unusually large fee amounts absolutely
13:37 < gmaxwell>  do have a cost on the system, and high value transactions are more attractive to reorg...
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13:56 < kanzure> maybe some probabilistic factor that gets applied to whether the selected transactions and their fees are fully given to the miner?
13:58 < kanzure> could also use some sort of new transaction type (or script) that shows evidence of a bunch of near-target-difficulty difficult orphans, and then consequences triggered from this
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14:00 < kanzure> would need some way to get around miner censorship of that sort of transaction, heh
14:03 < gmaxwell> 'shows' is too late, even these schemes that make the interblock controller very fast (and vulnerable) are too late.
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14:04 < gmaxwell> Actually, remembering more, I think my "no one has discussed" is too bold. Sergio had a post about using fee variance to drive blocksize IIRC. So thats a bit in this space.
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16:10 < kanzure> heh, higher full node count probably provides some resistance to most contributions from bandwidth to orphan rate
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16:42 < kanzure> scalingbitcoin hong kong livestream is starting in a few minutes https://youtube.com/watch?v=qdghS32TeZU also there is #bitcoin-workshops
16:43 < AdrianG> r u in HK, kanzure ?
16:45 < kanzure> nope
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16:54 < kanzure> oops better link- http://www.youtube.com/channel/UCql9h_eXmusjt-f3k8qLwPQ/live
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17:17 < MRL-Relay> [othe] blocked in Germany...  only the ustream stream works http://m.ustream.tv/channel/wYhbmzeEbKh?utm_campaign=ustre.am&utm_source=ustre.am%2F1sJx1&utm_medium=social&utm_content=20151205170123
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18:32 < kanzure> http://diyhpl.us/diyhpluswiki/transcripts/scalingbitcoin/hong-kong/bip99-and-uncontroversial-hard-forks/
18:32 < kanzure> http://diyhpl.us/diyhpluswiki/transcripts/scalingbitcoin/hong-kong/fungibility-and-scalability/
18:32 < kanzure> http://diyhpl.us/diyhpluswiki/transcripts/scalingbitcoin/hong-kong/zero-knowledge-proofs-for-bitcoin-scalability-and-beyond/
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19:10 < Taek> If you have 1-line Bitcoin jokes, pm them to me.
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20:00 < kanzure> http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/security-assumptions/
20:00 < kanzure> http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/in-adversarial-environments-blockchains-dont-scale/
20:00 < kanzure> http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/why-miners-will-not-voluntarily-individually-produce-smaller-blocks/
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23:16 < kelly_> hey
23:17 < kelly_> anyone watching the mining channel?
23:17 < kelly_> err. mining panel?
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23:49 < AaronvanW> kelly_: #bitcoin-workshops
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23:54 < nanasho> with over 50% of hashpower, chinese miners could orphan new blocks found by western small miners on purpose
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23:57 < gmaxwell> nanasho: yes. They do implicitly just due to propagation delays, without even trying.
--- Log closed Sun Dec 06 00:00:29 2015