--- Log opened Wed Mar 30 00:00:14 2016 00:13 -!- merlincorey [merlin@sm.ok.es.nu.gs] has quit [Read error: Connection reset by peer] 00:13 -!- merlincorey [merlin@sm.ok.es.nu.gs] has joined #bitcoin-wizards 00:17 -!- jtimon [~quassel@227.31.134.37.dynamic.jazztel.es] has quit [Ping timeout: 248 seconds] 00:22 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [Remote host closed the connection] 00:22 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 260 seconds] 00:23 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 00:23 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [Remote host closed the connection] 00:24 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 00:26 -!- Guest20938 is now known as starsoccer 00:33 -!- melvster [~melvster@ip-86-49-18-198.net.upcbroadband.cz] has quit [Ping timeout: 240 seconds] 00:34 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 00:39 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 246 seconds] 00:40 -!- jarret [~jarret@162.216.46.119] has quit [Ping timeout: 244 seconds] 00:49 -!- melvster [~melvster@ip-86-49-18-198.net.upcbroadband.cz] has joined #bitcoin-wizards 00:50 < MRL-Relay> {-othe} theres some unfinished yet to be further done somewhere in summer or soon(tm) research on that difficulty topic by us https://github.com/monero-project/research-lab/tree/master/publications/MRL-0006%20-%20Difficulty%20Adjustment%20Algorithms%20in%20Cryptocurrency%20Protocols zooko 01:00 -!- AaronvanW [~ewout@202pc230.sshunet.nl] has joined #bitcoin-wizards 01:00 -!- AaronvanW [~ewout@202pc230.sshunet.nl] has quit [Changing host] 01:00 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has joined #bitcoin-wizards 01:03 -!- zooko [~user@c-73-229-199-227.hsd1.co.comcast.net] has quit [Read error: Connection reset by peer] 01:04 -!- zooko [~user@c-73-229-199-227.hsd1.co.comcast.net] has joined #bitcoin-wizards 01:04 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-kofsoblsqwiqihcv] has joined #bitcoin-wizards 01:09 -!- AusteritySucks [~Austerity@unaffiliated/austeritysucks] has quit [Ping timeout: 276 seconds] 01:09 < fluffypony> O.o 01:10 < fluffypony> zooko: I think that blog post should endeavour to provide better attribution for ZKCP 01:10 < fluffypony> https://en.bitcoin.it/w/index.php?title=Zero_Knowledge_Contingent_Payment&oldid=20089 <- November, 2011 01:10 -!- CrazyTruthYakDDS [uid67551@gateway/web/irccloud.com/x-xzglapqewofsuffu] has quit [Quit: Connection closed for inactivity] 01:11 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [Remote host closed the connection] 01:13 -!- _rht [uid86914@gateway/web/irccloud.com/x-nwccwwtikmndwefp] has quit [Quit: Connection closed for inactivity] 01:13 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 01:21 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ZZZzzz…] 07:26 -!- zooko [~user@c-73-217-16-2.hsd1.co.comcast.net] has joined #bitcoin-wizards 07:28 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has quit [Quit: laurentmt] 07:31 -!- atgreen_ [~green@38.104.156.251] has joined #bitcoin-wizards 07:44 -!- se3000 [~textual@38.125.163.25] has joined #bitcoin-wizards 07:46 -!- zooko [~user@c-73-217-16-2.hsd1.co.comcast.net] has quit [Ping timeout: 250 seconds] 07:47 -!- stonecoldpat [~a9380004@janus-nat-128-240-225-56.ncl.ac.uk] has joined #bitcoin-wizards 08:04 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #bitcoin-wizards 08:05 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [Remote host closed the connection] 08:05 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 08:12 -!- DougieBot5000 [~DougieBot@unaffiliated/dougiebot5000] has joined #bitcoin-wizards 08:12 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has joined #bitcoin-wizards 08:21 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [Remote host closed the connection] 08:22 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 08:24 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 08:27 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has quit [Quit: Leaving] 08:29 -!- NewLiberty [~NewLibert@2602:304:cff8:1580:6c9f:7bdc:98af:d8f1] has joined #bitcoin-wizards 08:34 -!- voxelot [~voxelot@remote.digitalmoneycorp.com] has joined #bitcoin-wizards 08:38 -!- molz [~molly@unaffiliated/molly] has quit [Read error: Connection reset by peer] 08:39 -!- bliljerk_ [~bliljerk1@c-71-60-0-241.hsd1.pa.comcast.net] has quit [Read error: Connection reset by peer] 08:39 -!- molz [~molly@unaffiliated/molly] has joined #bitcoin-wizards 08:39 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has quit [Read error: Connection reset by peer] 08:39 -!- nugit [~nugz@50.248.81.65] has quit [Read error: Connection reset by peer] 08:39 -!- bliljerk101 [~bliljerk1@c-71-60-0-241.hsd1.pa.comcast.net] has joined #bitcoin-wizards 08:40 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has joined #bitcoin-wizards 08:40 -!- nugit [~xix0r@50.248.81.65] has joined #bitcoin-wizards 08:42 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Quit: johnwhitton] 08:43 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #bitcoin-wizards 08:47 -!- chris2000 [~chris2000@customer-static-225-38.wobline-ip.de] has quit [] 08:47 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 276 seconds] 08:49 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Quit: johnwhitton] 08:50 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #bitcoin-wizards 08:53 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has joined #bitcoin-wizards 08:53 -!- SireWolf [~TimothyJo@194.140.198.146.dyn.plus.net] has joined #bitcoin-wizards 08:56 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [Ping timeout: 240 seconds] 09:05 < r0ach> Is there any consensus in this channel of cryptocurrency being required to adhere to a certain monetary school, or can you just make up any random thing as long as it "appears to probabilistically be secure" 09:05 < r0ach> as in, it's a currency, so mostly an engineering task by default, not a religion 09:07 < r0ach> this post is my example for how I seem to be stuck on one monetary school with no way of altering it: https://bitcointalk.org/index.php?topic=1414866.msg14365315#msg14365315 09:10 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Quit: johnwhitton] 09:11 < SireWolf> bitcoin is some sort of class of commodity but I dont think its a currency 09:12 -!- zooko [~user@50.141.118.223] has joined #bitcoin-wizards 09:13 < belcher> r0ach some schools of economic thought would require centralization to implement e.g. a central bank to interpret all economic data and change the money supply to keep prices stable 09:13 < SireWolf> you would need an authority to provide pricing wouldnt you? 09:13 < belcher> iv mostly seen the fixed money supply as the only decentralized way of doing it, it getting libertarians interested is a side effect 09:14 < r0ach> my implied statement is that it's an entirely an engineering task to create a price peg, if you remove accessibility, you cripple the engineering task 09:14 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has quit [Ping timeout: 260 seconds] 09:15 < r0ach> and then you can never say 1 chicken = 1/10th a hat because it will always just be an extortion scheme 09:15 < SireWolf> could we do some sort of decentralized authority, maybe handling shares and voting on the blockchain? 09:16 < belcher> yes, to learn price information you need to query the real economy 09:16 < belcher> even central banks dont always get it right, and they are centralized institutions with a large amount of resources at their disposal and the backing of their states 09:17 < belcher> doing the same thing in a decentralized ungamable way seems impossible (but im happy to be proven wrong) 09:18 < belcher> however you could make a centralized cryptocurrency that went with the keynesian or monetarist school, easily 09:18 < SireWolf> well couldnt you poll shareholders for the price? 09:18 < belcher> shareholders = currency holders ? 09:18 < SireWolf> I dunno 09:19 < belcher> "oh yes, prices are really high, please engage in monetary tightening that will make the currency more valuable" 09:19 < SireWolf> but couldnt you poll people on the network and have it ask what the price is and the mean average of the poll is seen as the price? 09:22 < belcher> point is they'll lie because they want their investment to get more valuable 09:22 < SireWolf> so we need a decentralized marketplace that can be used to gauge the price? 09:22 -!- supasonic [~supasonic@172-11-188-117.lightspeed.rcsntx.sbcglobal.net] has joined #bitcoin-wizards 09:22 < SireWolf> seems easy enough if you peg two cryptocurrencies against each other 09:22 < belcher> that can be gamed by sybiling, the same entity being the buyer and seller and trading at whatever price they want 09:22 < SireWolf> but thats useless 09:22 < SireWolf> fees could mitigate against that 09:23 < SireWolf> price fixing by trading with yourself wouldnt be free 09:23 < belcher> so that is like churning, a method of market manipulation 09:23 < belcher> if the manipulator owns enough currency units, their profit can be higher than the fee required 09:23 -!- MoALTz [~no@78-11-183-124.static.ip.netia.com.pl] has quit [Ping timeout: 244 seconds] 09:24 -!- bhez [~bhez@unaffiliated/drivelights] has quit [Ping timeout: 244 seconds] 09:24 -!- bhez [~bhez@vps.boxxy.info] has joined #bitcoin-wizards 09:24 -!- bhez [~bhez@vps.boxxy.info] has quit [Changing host] 09:24 -!- bhez [~bhez@unaffiliated/drivelights] has joined #bitcoin-wizards 09:24 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #bitcoin-wizards 09:25 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has joined #bitcoin-wizards 09:25 < SireWolf> an advanced AI able to gauge the price organcially thats consensus driven and distributed? 09:26 < SireWolf> a trustless AI that can figure out the price without an authority the way you can? 09:26 < belcher> as you're finding out, it rapidly becomes very complex 09:26 < SireWolf> granted I dont think any of us can develop that or providedit the processing power tody.. 09:26 < SireWolf> but would it work? 09:27 < SireWolf> in any case yeah 09:27 < SireWolf> that's not a simple engineering challenge 09:27 < SireWolf> I like it when the implemention is the relatively easy part 09:27 < SireWolf> lol 09:27 < belcher> if you're going to do it for free to release an open source currency, you might as well work for central banks doing the same thing and get paid well 09:27 < belcher> its essentially making an automated central bank oracle 09:28 < SireWolf> well the obvious answer 09:28 -!- zooko [~user@50.141.118.223] has quit [Remote host closed the connection] 09:28 < SireWolf> is to integrate the market into the currency 09:29 < SireWolf> but how do you send gold to a blockchain? 09:29 < SireWolf> or anything else thats stable 09:29 < SireWolf> seems like you'd need to bootstrap it with a centralized currency to peg it against 09:29 < belcher> you cant even premine the currency to fund development because the point is that price levels stay stable 09:30 -!- markus-k [~markus-k@p5B29AE8A.dip0.t-ipconnect.de] has joined #bitcoin-wizards 09:30 -!- TheIdea [~TheIdea@5.2.64.122] has joined #bitcoin-wizards 09:31 < SireWolf> oh the price needs to fluctuate and its probably a good idea to have it go up in value, seeing as the whole crypto scene is speculative investment driven 09:31 < SireWolf> financially atleast 09:31 < SireWolf> but it needs to be slow and predictable 09:31 < SireWolf> ya know? 09:31 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has quit [Quit: Leaving] 09:31 < SireWolf> which... heh 09:32 < SireWolf> building a coin that can manipulate its own price isnt going to be easy is it? 09:32 -!- kmels [~kmels@93.166.151.186.static.intelnet.net.gt] has joined #bitcoin-wizards 09:32 < SireWolf> could you bootstrap stablecoin with a centralized ecurrency? 09:33 < belcher> of course, you maintain a peg 09:33 < SireWolf> I mean if you had a non profit that issued digital silver citificates 09:33 < belcher> it may be expensive, and you'll need to follow the law regarding AML/KYC 09:33 < belcher> the swiss central bank spent billions defending its eur/chf peg, before giving up 09:33 < r0ach> there actually already is a "stablecoin" fyi, which did not prove to be very stable (lol) 09:34 < SireWolf> lol 09:38 < SireWolf> a disaster I bet? 09:39 -!- zwick [~zwick@fsf/member/zwick] has joined #bitcoin-wizards 09:43 -!- zooko [~user@50.141.118.223] has joined #bitcoin-wizards 09:56 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has quit [Quit: laurentmt] 09:59 -!- Tiraspol [~Tiraspol3@unaffiliated/tiraspol] has quit [Ping timeout: 244 seconds] 10:00 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 10:03 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has joined #bitcoin-wizards 10:04 -!- voxelot [~voxelot@remote.digitalmoneycorp.com] has quit [Ping timeout: 264 seconds] 10:04 -!- gielbier [~giel____@a149043.upc-a.chello.nl] has joined #bitcoin-wizards 10:05 -!- gielbier [~giel____@a149043.upc-a.chello.nl] has quit [Changing host] 10:05 -!- gielbier [~giel____@unaffiliated/gielbier] has joined #bitcoin-wizards 10:09 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has quit [] 10:11 -!- molly [~molly@unaffiliated/molly] has joined #bitcoin-wizards 10:14 -!- molz [~molly@unaffiliated/molly] has quit [Ping timeout: 240 seconds] 10:16 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 10:20 < zooko> fluffypony: thanks for the bug report. I patched it like so: https://z.cash/blog/science-roundup.html 10:20 < fluffypony> tks 10:21 -!- voxelot [~voxelot@remote.digitalmoneycorp.com] has joined #bitcoin-wizards 10:23 -!- kmels [~kmels@93.166.151.186.static.intelnet.net.gt] has quit [Ping timeout: 244 seconds] 10:35 -!- phiche1 [~Adium@37.250.160.217.bredband.tre.se] has quit [Quit: Leaving.] 10:36 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has joined #bitcoin-wizards 10:40 -!- MoALTz [~no@78-11-183-124.static.ip.netia.com.pl] has joined #bitcoin-wizards 10:45 -!- jcluck is now known as cluckj 10:45 -!- nuke1989 [~nuke@46-88-98.adsl.cyta.gr] has joined #bitcoin-wizards 10:48 -!- priidu [~priidu@unaffiliated/priidu] has joined #bitcoin-wizards 10:50 -!- neha [~narula@mint-square.mit.edu] has joined #bitcoin-wizards 10:52 -!- belcher [~user@unaffiliated/belcher] has quit [Read error: Connection reset by peer] 10:53 -!- moli [~molly@unaffiliated/molly] has joined #bitcoin-wizards 10:54 -!- belcher [~user@unaffiliated/belcher] has joined #bitcoin-wizards 10:55 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has quit [Remote host closed the connection] 10:55 -!- molly [~molly@unaffiliated/molly] has quit [Ping timeout: 244 seconds] 10:56 -!- zooko [~user@50.141.118.223] has quit [Ping timeout: 260 seconds] 11:01 -!- Guest38019 [~Sleepnbum@f050135253.adsl.alicedsl.de] has joined #bitcoin-wizards 11:13 -!- moli [~molly@unaffiliated/molly] has quit [Read error: Connection reset by peer] 11:13 -!- Guest38019 [~Sleepnbum@f050135253.adsl.alicedsl.de] has quit [Ping timeout: 244 seconds] 11:15 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has joined #bitcoin-wizards 11:17 -!- blackwraith [~priidu@unaffiliated/priidu] has joined #bitcoin-wizards 11:19 -!- priidu [~priidu@unaffiliated/priidu] has quit [Ping timeout: 260 seconds] 11:23 -!- zooko [~user@c-73-217-16-2.hsd1.co.comcast.net] has joined #bitcoin-wizards 11:24 -!- sausage_factory [~priidu@unaffiliated/priidu] has joined #bitcoin-wizards 11:25 -!- zooko [~user@c-73-217-16-2.hsd1.co.comcast.net] has quit [Remote host closed the connection] 11:26 -!- zooko [~user@c-73-217-16-2.hsd1.co.comcast.net] has joined #bitcoin-wizards 11:26 -!- blackwraith [~priidu@unaffiliated/priidu] has quit [Ping timeout: 248 seconds] 11:39 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has quit [Ping timeout: 260 seconds] 11:40 < zooko> Dear wizards: please review! https://github.com/zcash/zips/blob/master/protocol/protocol.pdf 11:40 -!- Guyver2 [~Guyver2@guyver2.xs4all.nl] has joined #bitcoin-wizards 11:44 < MRL-Relay> {-othe} hows multisig going with zcash zooko? 11:47 -!- voxelot [~voxelot@remote.digitalmoneycorp.com] has quit [Ping timeout: 246 seconds] 11:53 -!- frankenmint [~frankenmi@174-25-22-102.ptld.qwest.net] has joined #bitcoin-wizards 11:56 -!- voxelot [~voxelot@remote.digitalmoneycorp.com] has joined #bitcoin-wizards 11:56 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 252 seconds] 11:56 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has joined #bitcoin-wizards 11:57 -!- frankenmint [~frankenmi@174-25-22-102.ptld.qwest.net] has quit [Remote host closed the connection] 12:00 < SireWolf> -othe whats zcash? 12:00 < MRL-Relay> {-othe} check their website 12:02 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has quit [Ping timeout: 244 seconds] 12:04 -!- frankenmint [~frankenmi@174-25-22-102.ptld.qwest.net] has joined #bitcoin-wizards 12:05 -!- frankenmint [~frankenmi@174-25-22-102.ptld.qwest.net] has quit [Read error: Connection reset by peer] 12:05 -!- frankenm_ [~frankenmi@174-25-22-102.ptld.qwest.net] has joined #bitcoin-wizards 12:06 -!- frankenm_ [~frankenmi@174-25-22-102.ptld.qwest.net] has quit [Read error: Connection reset by peer] 12:06 -!- frankenmint [~frankenmi@174-25-22-102.ptld.qwest.net] has joined #bitcoin-wizards 12:09 -!- r0ach [~r0ach@107-217-214-192.lightspeed.jcvlfl.sbcglobal.net] has quit [] 12:14 -!- Guest38019 [~Sleepnbum@f050135253.adsl.alicedsl.de] has joined #bitcoin-wizards 12:17 -!- want_2o_know [4fb4a096@gateway/web/freenode/ip.79.180.160.150] has joined #bitcoin-wizards 12:19 < want_2o_know> Hi.I'm new to IRC so please forgive in I'm doing some newbies staff. I'm trying to learn the depth of the bitcoin system can anyone answer some question I have? 12:19 < belcher> #bitcoin is a better channel for that 12:20 < want_2o_know> thanks 12:23 -!- markus-k [~markus-k@p5B29AE8A.dip0.t-ipconnect.de] has quit [Quit: My Mac has gone to sleep. ZZZzzz…] 12:27 -!- phiche [~Adium@37.250.160.217.bredband.tre.se] has joined #bitcoin-wizards 12:30 < zooko> -othe: it has multisig, but not private multisig. https://github.com/zcash/zcash/wiki/FAQ#q-does-zcash-have-multi-signature-transactions 12:30 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 12:32 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has joined #bitcoin-wizards 12:36 < MRL-Relay> {-othe} yeah i´ve read that,we also did some multisig research 12:38 -!- NewLiberty [~NewLibert@2602:304:cff8:1580:6c9f:7bdc:98af:d8f1] has quit [Ping timeout: 248 seconds] 12:39 < instagibbs> zooko, could you at least to n-of-n schnorr? 12:40 < zooko> instagibbs: I haven't thought much about it. I don't understand much about schnorr sigs! 12:40 < zooko> instagibbs: maybe you could open a ticket on https://github.com/zcash/zcash and point the reader to the introductory explanation? 12:40 < instagibbs> mostly it's just a signature that looks like 1 of 1 lemme dig up libsecp doc 12:44 -!- Jeremy_Rand_2 [~user@ip68-97-35-223.ok.ok.cox.net] has quit [Ping timeout: 246 seconds] 12:44 < instagibbs> can't find it :/ but here's harding talking about it in general terms http://bitcoin.stackexchange.com/questions/34288/what-are-the-implications-of-schnorr-signatures 12:49 < waxwing> instagibbs: were you looking for this? https://github.com/sipa/secp256k1/blob/schnorrstages2/src/modules/schnorr/schnorr.md 12:49 < waxwing> i found it a good summary 12:49 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has quit [Quit: laurentmt] 12:49 < instagibbs> yeah there we go! 12:49 < waxwing> although there is an erratum at the end of https://github.com/sipa/secp256k1/blob/schnorrstages2/src/modules/schnorr/schnorr.md#multisigning-combine-stage-2-signatures-into-a-full-signature 12:50 < waxwing> should read (R_all.x, s_all) 12:51 < instagibbs> also 12:51 < instagibbs> Multiply each of the Q(j) values by their hash SHA256(Q(j)). 12:51 < instagibbs> Compute the sum Q_all of all Q(j) values. 12:51 < instagibbs> sum of those let's call Q'(j) values 12:52 < waxwing> yeah i guess. that's a kind of programmer's error x *= 2 :) 12:53 < instagibbs> I mean, neither error makes sense :P 12:54 -!- chjj [~chjj@unaffiliated/chjj] has quit [Ping timeout: 276 seconds] 12:56 -!- jannes [~jannes@178.132.211.90] has quit [Quit: Leaving] 12:58 -!- gg [4fb4a096@gateway/web/freenode/ip.79.180.160.150] has joined #bitcoin-wizards 12:58 -!- gg [4fb4a096@gateway/web/freenode/ip.79.180.160.150] has quit [Client Quit] 13:01 -!- forrestv [forrestv@unaffiliated/forrestv] has quit [Ping timeout: 264 seconds] 13:04 -!- zwick 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[~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 17:58 -!- r0ach [~r0ach@107-217-214-192.lightspeed.jcvlfl.sbcglobal.net] has joined #bitcoin-wizards 18:00 -!- p15 [~p15@33.91.145.64.client.static.strong-tk2.bringover.net] has joined #bitcoin-wizards 18:01 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-kofsoblsqwiqihcv] has quit [Quit: Connection closed for inactivity] 18:02 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 260 seconds] 18:02 -!- atgreen [~green@CPE687f74122463-CM00fc8d24cab0.cpe.net.cable.rogers.com] has joined #bitcoin-wizards 18:02 < r0ach> I have a theory that you don't understand Bitcoin unless you can define it in one sentence 18:02 -!- atgreen_ [~green@CPE687f74122463-CM00fc8d24cab0.cpe.net.cable.rogers.com] has joined #bitcoin-wizards 18:03 < r0ach> After years, I can finally do so: 18:03 < r0ach> "The purpose of mining is to create a permanent two way peg, decentralized exchange, which thus results in a permissionless system." 18:08 -!- zooko [~user@2601:281:8001:26aa:759f:a191:9026:e4fa] has joined #bitcoin-wizards 18:16 -!- ghtdak [~ghtdak@unaffiliated/ghtdak] has joined #bitcoin-wizards 18:26 -!- proslogion [~proslogio@unit060.acavpn.strath.ac.uk] has quit [Ping timeout: 252 seconds] 18:33 < MRL-Relay> {-shen} "transferable hash-cash karma" 18:35 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Ping timeout: 244 seconds] 18:49 -!- GAit [~GAit@2-230-161-158.ip202.fastwebnet.it] has quit [Read error: Connection reset by peer] 18:50 -!- GAit [~GAit@2-230-161-158.ip202.fastwebnet.it] has joined #bitcoin-wizards 18:55 -!- voxelot [~voxelot@2605:e000:1525:802f:fdfc:5f36:c775:b936] has joined #bitcoin-wizards 18:56 -!- Jeremy_Rand_2 [~user@ip68-97-35-223.ok.ok.cox.net] has joined #bitcoin-wizards 19:03 -!- Emcy [~MC@unaffiliated/mc1984] has quit [Ping timeout: 240 seconds] 19:06 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 19:17 -!- GAit [~GAit@2-230-161-158.ip202.fastwebnet.it] has quit [Quit: Leaving.] 19:19 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Quit: johnwhitton] 19:20 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 19:23 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Client Quit] 19:23 < kanzure> "tor 224 proposes moving hidden service addresses to full ed25519 keys rather than truncated hashes of RSA keys amongst other things" 19:23 < kanzure> https://gitweb.torproject.org/torspec.git/tree/proposals/224-rend-spec-ng.txt 19:23 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 19:24 < bsm1175321> 2.5 years old... :-/ 19:25 < bsm1175321> I think this has been posted here before, but it gives me pause about Curve25519: http://www.metzdowd.com/pipermail/cryptography/2016-March/028824.html 19:29 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Quit: johnwhitton] 19:29 < bsm1175321> In the Bitcoin space, I find myself filling a niche where I'm doing network and data analysis, and while that post gives me pause, I'm convinced of the wisdom and attention to detail of they cryptographers in the Bitcoin space (especially the libsecp256k1 authors). So I'm not so motivated to dig deeply into the curves and algorithmic comparisons. (and I hope I never will be) 19:31 < bsm1175321> Speaking of which, I'd love to see a speed comparison of ed25519 and libsecp256k1...anyone know of one? 19:32 < bsm1175321> gmaxwell claims ed25519 is not faster than libsecp256k1. But I'd love to see numbers. 19:33 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 19:35 < bsm1175321> https://people.xiph.org/~greg/re_Courtois_1004.txt 19:38 * bsm1175321 invites others to ##crypto to debate the security of the two curves. I know not the answer. 19:40 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #bitcoin-wizards 19:49 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Quit: johnwhitton] 19:49 -!- voxelot [~voxelot@2605:e000:1525:802f:fdfc:5f36:c775:b936] has quit [Read error: Connection reset by peer] 19:49 -!- voxelot [~voxelot@2605:e000:1525:802f:fdfc:5f36:c775:b936] has joined #bitcoin-wizards 19:51 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 19:52 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Client Quit] 19:56 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 19:58 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 20:03 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 276 seconds] 20:05 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Quit: johnwhitton] 20:06 -!- _rht [uid86914@gateway/web/irccloud.com/x-uyxhriqmwlfseuok] has joined #bitcoin-wizards 20:09 -!- d4de [~d4de@197.38.169.174] has joined #bitcoin-wizards 20:10 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 20:11 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 20:11 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has quit [Remote host closed the connection] 20:11 -!- d4de [~d4de@197.38.169.174] has quit [Client Quit] 20:12 -!- d4de [~d4de@197.38.169.174] has joined #bitcoin-wizards 20:16 -!- johnwhitton [~johnwhitt@173.205.24.114] has quit [Quit: johnwhitton] 20:18 * bsm1175321 fails in ##crypto 20:20 -!- CrazyTruthYakDDS [uid67551@gateway/web/irccloud.com/x-hwfsrszzyidlutgp] has quit [Quit: Connection closed for inactivity] 20:24 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 20:25 -!- chjj [~chjj@unaffiliated/chjj] has quit [Ping timeout: 276 seconds] 20:25 < MRL-Relay> {-shen} that was an entertaining read 20:26 -!- xaptah [kaptah@hilla.kapsi.fi] has joined #bitcoin-wizards 20:26 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 20:27 < bsm1175321> @shen, indeed, what was your favorite part? 20:27 -!- binaryFate_ [~binaryFat@2607:ff48:aa81:800::a15f:1] has joined #bitcoin-wizards 20:27 -!- tromp__ [~tromp@rtc35-225.rentec.com] has joined #bitcoin-wizards 20:27 -!- jbenet_ [sid17552@gateway/web/irccloud.com/x-ofosgwlbckxttkzl] has joined #bitcoin-wizards 20:29 -!- STRML_ [~STRML@unaffiliated/strml] has joined #bitcoin-wizards 20:30 -!- _rht_ [uid86914@gateway/web/irccloud.com/x-xmjacdhgquyqjsbh] has joined #bitcoin-wizards 20:30 -!- coup_de_shitlord [~coup_de_s@irc.tox.im] has joined #bitcoin-wizards 20:30 < MRL-Relay> {-shen} in bold "I did not know that BitCoin is using secp256k1. 20:30 < MRL-Relay> {-shen} I am surprised to see anybody use secp256k1 instead of secp256r1. " lol 20:31 -!- whiteunicorn_ [uid139385@gateway/web/irccloud.com/x-gplyioxesmknhopc] has joined #bitcoin-wizards 20:31 < MRL-Relay> {-shen} (in the linked article) 20:31 -!- jtremback_ [sid67723@gateway/web/irccloud.com/x-brjmiduhcaxgmoco] has joined #bitcoin-wizards 20:31 -!- johnwhitton [~johnwhitt@173.205.24.114] has joined #bitcoin-wizards 20:32 -!- aspect__ [uid151486@gateway/web/irccloud.com/x-kkmodwcmxqrneoaf] has joined #bitcoin-wizards 20:32 -!- CodeShark_ [sid126576@gateway/web/irccloud.com/x-cdgauumfyfimwahl] has joined #bitcoin-wizards 20:32 -!- null_rad- [Elite7851@gateway/shell/elitebnc/x-kflumdgmlpowhkxk] has joined #bitcoin-wizards 20:32 < bsm1175321> I really feel for the NSA. It's so hard to hide your crypto-key in the parameters of other people's crypto algorithms. 20:32 -!- jbenet [sid17552@gateway/web/irccloud.com/x-idwfuqbkoxrbwwui] has quit [Ping timeout: 246 seconds] 20:32 -!- binaryFate [~binaryFat@2607:ff48:aa81:800::a15f:1] has quit [Ping timeout: 246 seconds] 20:32 -!- kaptah [kaptah@hilla.kapsi.fi] has quit [Ping timeout: 246 seconds] 20:32 -!- tromp [~tromp@rtc35-225.rentec.com] has quit [Ping timeout: 246 seconds] 20:32 -!- nugit [~xix0r@50.248.81.65] has quit [Ping timeout: 246 seconds] 20:32 -!- jtremback [sid67723@gateway/web/irccloud.com/x-adwmpbvbmybcgyol] has quit [Ping timeout: 246 seconds] 20:32 -!- null_radix [Elite7851@gateway/shell/elitebnc/x-skmdtdhsrohvqgmd] has quit [Ping timeout: 246 seconds] 20:32 -!- da2ce7_mobile [~da2ce7@opentransactions/dev/da2ce7] has quit [Ping timeout: 246 seconds] 20:32 -!- stqism [~coup_de_s@freebsd/user/stqism] has quit [Ping timeout: 246 seconds] 20:32 -!- STRML [~STRML@unaffiliated/strml] has quit 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20:34 -!- nugit [~xix0r@50.248.81.65] has joined #bitcoin-wizards 20:34 -!- devrandom [~devrandom@unaffiliated/niftyzero1] has quit [Ping timeout: 246 seconds] 20:34 -!- jron [~okok@ec2-54-161-129-226.compute-1.amazonaws.com] has quit [Ping timeout: 246 seconds] 20:34 -!- davout [~david@unaffiliated/davout] has joined #bitcoin-wizards 20:34 -!- jron [~okok@ec2-54-161-129-226.compute-1.amazonaws.com] has joined #bitcoin-wizards 20:34 -!- devrandom [~devrandom@unaffiliated/niftyzero1] has joined #bitcoin-wizards 20:34 -!- da2ce7_mobile [~da2ce7@opentransactions/dev/da2ce7] has joined #bitcoin-wizards 20:35 -!- zooko [~user@2601:281:8001:26aa:759f:a191:9026:e4fa] has quit [Ping timeout: 248 seconds] 20:35 -!- tromp_ [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [] 20:35 -!- jbenet_ is now known as jbenet 20:36 < MRL-Relay> {-shen} * facepalm 20:37 -!- PsychoticBoy [sid27029@pdpc/supporter/active/psychoticboy] has joined #bitcoin-wizards 20:37 -!- tromp 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[~johnwhitt@173.205.24.114] has quit [Client Quit] 21:07 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 244 seconds] 21:09 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 21:13 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 21:15 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 21:19 -!- CrazyTruthYakDDS [uid67551@gateway/web/irccloud.com/x-xulgqzrnvyuemgox] has joined #bitcoin-wizards 21:33 -!- Guest25_ [~textual@pool-173-56-32-23.nycmny.fios.verizon.net] has joined #bitcoin-wizards 21:37 -!- zwischenzug [~zwischenz@189.221.42.86.cable.dyn.cableonline.com.mx] has joined #bitcoin-wizards 21:45 -!- zwischenzug [~zwischenz@189.221.42.86.cable.dyn.cableonline.com.mx] has quit [Ping timeout: 260 seconds] 21:51 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #bitcoin-wizards 21:54 -!- CubicEarth [~cubiceart@c-67-168-82-178.hsd1.wa.comcast.net] has joined #bitcoin-wizards 22:00 -!- phiche [~Adium@37.250.160.217.bredband.tre.se] has joined #bitcoin-wizards 22:02 -!- zwischenzug [~zwischenz@189.221.42.86.cable.dyn.cableonline.com.mx] has joined #bitcoin-wizards 22:03 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 22:04 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 22:05 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 22:11 -!- yrashk [uid1568@gateway/web/irccloud.com/x-ydeawnfykqbihzuz] has quit [Quit: Connection closed for inactivity] 22:15 -!- Guest25_ [~textual@pool-173-56-32-23.nycmny.fios.verizon.net] has quit [Quit: My Mac has gone to sleep. ZZZzzz…] 22:19 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 22:21 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 22:23 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 260 seconds] 22:29 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Quit: johnwhitton] 22:30 -!- zwischenzug [~zwischenz@189.221.42.86.cable.dyn.cableonline.com.mx] has quit [Ping timeout: 276 seconds] 22:31 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #bitcoin-wizards 22:33 < Taek> so, was talking to some people about lightning, and a bottleneck issue came up 22:33 < Taek> if you have 2 weeks (or whatever time period) to settle, there's the potential risk that some major counterparty breakdown will require a bunch of people to settle simultaneously 22:34 -!- frankenmint [~frankenmi@174-25-22-102.ptld.qwest.net] has joined #bitcoin-wizards 22:34 < Taek> potentially, more settlements needed than there are available transactions 22:34 < Taek> therefore, fraud would succeed against at least some of them 22:34 < Taek> to avoid this, I was thinking that you could destroy bitcoins to temporarily increase the blocksize 22:34 < Taek> e.g. 25btc destroyed to increase the blocksize by 1mb for 1 block 22:35 < Taek> this gives you an unsustainably expensive way to temporarily increase the block size 22:35 < Taek> no miner would ever do it, and users would only do it if there was an emergency reason to get a ton of transactions though 22:35 < Taek> *through 22:52 -!- Emcy [~MC@cpc3-swan1-0-0-cust916.7-3.cable.virginm.net] has joined #bitcoin-wizards 22:52 -!- Emcy [~MC@cpc3-swan1-0-0-cust916.7-3.cable.virginm.net] has quit [Changing host] 22:52 -!- Emcy [~MC@unaffiliated/mc1984] has joined #bitcoin-wizards 22:58 < Luke-Jr> Taek: typically the idea is to freeze maturity periods during full blocks 22:59 < Taek> aren't we more or less expecting blocks to always be full? 23:01 -!- markus-k [~markus-k@designnet.work.de] has joined #bitcoin-wizards 23:14 < rusty> Luke-Jr: yeah, that's why it 23:14 < rusty> Taek: yeah, that's why it's "idea" not "proposal". 23:15 -!- Don_John [~Don@250-223-114-134.nat.resnet.nau.edu] has quit [Read error: Connection reset by peer] 23:15 < rusty> Taek: Though it's a but more subtle. It's not clear you want to immediately drop to blockchain, as failure may be transient. So it might not be such a rush... 23:17 < Taek> rusty: as long as there's no failure mode where you can guarantee that there's not (in the short term) enough space for everyone to settle, it's not a huge worry for me 23:17 < Taek> and, though I don't understand all the implementation details, at a high level that doesn't really seem like a difficult guarantee to provide 23:18 -!- PRab [~chatzilla@c-68-34-102-231.hsd1.mi.comcast.net] has quit [Ping timeout: 240 seconds] 23:19 -!- metric [~metric@199.127.226.246] has quit [Ping timeout: 244 seconds] 23:20 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 23:20 -!- NewLiberty [~NewLibert@2602:304:cff8:1580:b8e2:1c9c:fe32:8ba2] has quit [Ping timeout: 250 seconds] 23:26 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 260 seconds] 23:40 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has joined #bitcoin-wizards 23:44 -!- metric [~metric@199.127.226.246] has joined #bitcoin-wizards 23:45 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-rfdlxuidtiqycfts] has joined #bitcoin-wizards 23:45 -!- tromp [~tromp@ool-18be0bd8.dyn.optonline.net] has quit [Ping timeout: 268 seconds] 23:50 -!- CrazyTruthYakDDS [uid67551@gateway/web/irccloud.com/x-xulgqzrnvyuemgox] has quit [Quit: Connection closed for inactivity] 23:53 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Ping timeout: 260 seconds] 23:54 -!- PRab [~chatzilla@c-68-34-102-231.hsd1.mi.comcast.net] has joined #bitcoin-wizards 23:57 -!- damethos [~damethos@unaffiliated/damethos] has joined #bitcoin-wizards --- Log closed Thu Mar 31 00:00:15 2016