--- Log opened Fri May 06 00:00:07 2016
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00:53 < fluffypony> where's the quote from that you're responding to ?
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01:04 < Taek> bsm, a couple days of scrollback I think. Missed a bunch of stuff while at Consensus
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06:23 < instagibbs> agreed
06:23 < instagibbs> getting secure settlement layer is primary concern
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17:18 < bsm117532> Taek: There's certainly a fastest speed given your security assumptions, and indeed it's set by the size of the Earth, and that block time is around ~1s.  We're 600 times slower.  There are valuable improvements to be made.
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17:55 < gmaxwell> 1s makes sense only if you don't mind if it never converges.
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17:57 < midnightmagic> Plus doesn't it mean that it only ever travels in a single straight line?
17:59 < Taek> midnightmagic: I'm not sure what you are asking? Information can travel in a sphere?
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17:59 < midnightmagic> No, I mean 1s I think might be assuming that blocks don't propagate in a *network*. Oh and also there's zero validation time.
18:02 < bsm117532> gmaxwell: obviously requires redefining the "chain" structure to eliminate the orphan race...
18:03 < kanzure> that doesn't count until you finish your document and publish
18:03 < bsm117532> Yeah a straight up 1s block time bitcoin clone would never converge.  ;-)
18:03 < bsm117532> kanzure: I've got a long train ride tomorrow...and a laptop.
18:05 < bsm117532> Is anyone here following the Ethereum Casper plans?  I missed a talk about it a couple days ago, but I still don't think it makes any sense...
18:07 < Taek> informal conversations with Vlad, the primary author of Casper, suggest that Vlad/Vitalik aren't yet comfortable with the current protocol and wouldn't hardfork Ethereum to proof-of-stake until they've got something improved/finalized
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18:08 < bsm117532> That's good to hear.  Everything I've heard so far, including their determination to move to something that doesn't exist...scare me.
18:10 < Taek> After their major crowd fund I think they felt invincible. They underestimated the problem. I realized that Vitalik is a lot smarter than I previously gave him credit, and now I'm more optimistic about Ethereum not doing anything really dumb in their protocol
18:10 < bsm117532> Their current design (and I think any possible "fix") can be killed by making a fork with a length equal to the bail-in time for security deposits.  So after 4 months I'm going to make 10,000 forks at near-zero cost to me, and watch everyone try to figure out which one is "weakly subjectively" the right one.
18:10 < Taek> hmm, maybe I shouldn't speculate though.
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18:12 < bsm117532> Taek: I heard from someone else that Gavin Wood would veto it if it didn't work, and did after Vlad invented a broken memory-hard PoW algorithm...  So hopefully wisdom will prevail.
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