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has quit [Remote host closed the connection] 06:30 -!- domwoe [~domwoe@209-6-39-253.c3-0.smr-ubr2.sbo-smr.ma.cable.rcn.com] has joined #bitcoin-wizards 06:31 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 06:37 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 272 seconds] 06:45 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 06:57 -!- frankenmint [~frankenmi@174-25-25-137.ptld.qwest.net] has joined #bitcoin-wizards 06:59 -!- domwoe_ [~domwoe@vpn-global-dhcp1-216.ethz.ch] has joined #bitcoin-wizards 07:01 -!- domwoe [~domwoe@209-6-39-253.c3-0.smr-ubr2.sbo-smr.ma.cable.rcn.com] has quit [Ping timeout: 244 seconds] 07:13 -!- domwoe_ [~domwoe@vpn-global-dhcp1-216.ethz.ch] has quit [Read error: Connection reset by peer] 07:13 -!- tucenaber [~tucenaber@unaffiliated/tucenaber] has quit [Remote host closed the connection] 07:17 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 244 seconds] 07:29 -!- Giszmo [~leo@pc-122-14-46-190.cm.vtr.net] has joined #bitcoin-wizards 07:30 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has joined #bitcoin-wizards 07:34 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 07:38 -!- justanotheruser [~Justan@unaffiliated/justanotheruser] has joined #bitcoin-wizards 07:48 < kanzure> https://media.ccc.de/v/31c3_-_6344_-_en_-_saal_1_-_201412281400_-_security_analysis_of_estonia_s_internet_voting_system_-_j_alex_halderman 07:53 -!- domwoe [~domwoe@209-6-39-253.c3-0.smr-ubr2.sbo-smr.ma.cable.rcn.com] has joined #bitcoin-wizards 07:59 -!- hashtagg [~hashtagg_@cpe-174-97-254-80.ma.res.rr.com] has quit [Read error: Connection reset by peer] 07:59 -!- hashtagg [~hashtagg_@cpe-174-97-254-80.ma.res.rr.com] has joined #bitcoin-wizards 08:05 -!- edvorg [~edvorg@14.186.80.50] has quit [Ping timeout: 264 seconds] 08:14 -!- hashtag [~hashtagg_@cpe-174-97-254-80.ma.res.rr.com] has joined #bitcoin-wizards 08:15 -!- hashtagg [~hashtagg_@cpe-174-97-254-80.ma.res.rr.com] has quit [Ping timeout: 260 seconds] 08:26 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has quit [Quit: Leaving] 08:30 -!- rubensayshi [~ruben@c89225.upc-c.chello.nl] has joined #bitcoin-wizards 08:37 -!- MaxSan_ [~one@46.19.137.116] has quit [Ping timeout: 276 seconds] 08:48 -!- frankenmint [~frankenmi@174-25-25-137.ptld.qwest.net] has quit [Remote host closed the connection] 08:53 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 258 seconds] 08:54 -!- MaxSan_ [~one@www17.redstation.co.uk] has joined #bitcoin-wizards 09:02 -!- mdavid613 [~Adium@cpe-172-251-161-231.socal.res.rr.com] has joined #bitcoin-wizards 09:05 -!- murch [~murch@p4FE39931.dip0.t-ipconnect.de] has joined #bitcoin-wizards 09:13 -!- Noldorin [~noldorin@unaffiliated/noldorin] has joined #bitcoin-wizards 09:25 < waxwing> kanzure: i pointed people at that a few times. it's a great talk :) 09:38 -!- mdavid613 [~Adium@cpe-172-251-161-231.socal.res.rr.com] has quit [Quit: Leaving.] 09:46 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Read error: Connection reset by peer] 09:55 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 260 seconds] 10:01 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 10:05 -!- nuke1989 [~nuke@176.92.77.25] has joined #bitcoin-wizards 10:05 -!- nabu [~nabu@192.40.88.14] has joined #bitcoin-wizards 10:08 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has joined #bitcoin-wizards 10:08 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Quit: Quitte] 10:12 -!- Noldorin [~noldorin@unaffiliated/noldorin] has joined #bitcoin-wizards 10:28 -!- jtimon [~quassel@4.28.134.37.dynamic.jazztel.es] has quit [Ping timeout: 264 seconds] 10:33 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has quit [Read error: Connection reset by peer] 10:34 -!- hashtagg [~hashtagg_@cpe-174-97-254-80.ma.res.rr.com] has joined #bitcoin-wizards 10:34 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has joined #bitcoin-wizards 10:36 -!- hashtag [~hashtagg_@cpe-174-97-254-80.ma.res.rr.com] has quit [Ping timeout: 244 seconds] 10:36 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has quit [Client Quit] 10:39 -!- zwischenzug [~zwischenz@189.221.38.150.cable.dyn.cableonline.com.mx] has joined #bitcoin-wizards 10:39 -!- frankenmint [~frankenmi@174-25-25-137.ptld.qwest.net] has joined #bitcoin-wizards 10:45 -!- dEBRUYNE [~dEBRUYNE@unaffiliated/debruyne] has joined #bitcoin-wizards 10:50 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 10:51 -!- roman__ [~quassel@2a01:cb1d:4a4:2e00:e16d:206c:a754:f1e5] has joined #bitcoin-wizards 10:58 < neha> https://www.w3.org/2016/04/blockchain-workshop/ 10:58 < neha> please consider attending (requires submitting a form or position paper) i would love to see more btc representation 10:59 < neha> no guarantees on outcomes but the w3c is pretty good at corralling the browser vendors, which means something interesting could happen down the line. 11:03 < kanzure> still not sure what to tell them to do. "no wallet stuff" is a strange constraint (because of some other payments group). not sure anything else belongs in a fat browser client... 11:06 < neha> i don't think there's a "no wallet stuff" constraint. where do you see that? 11:06 < fluffypony> omg it's a neha 11:06 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 260 seconds] 11:06 < neha> it says "Payments: this topic is already thriving, and risks dominating the workshop, so we prefer discussions of payment only when they are yoked with other topics (e.g. browser-based wallets for handling both payments and identity)" 11:07 < fluffypony> neha: I'm taking a couple of months from travelling after the trip I'm currently on, otherwise I would 11:07 < kanzure> neha: in the "out of scope" section 11:07 < fluffypony> conference sounds fantastic 11:07 < kanzure> i see. 11:07 < neha> hi fluffypony! 11:07 < fluffypony> s/conference/workshop 11:08 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 11:08 < neha> my current fav topic for the workshop is browser-based wallets 11:09 < fluffypony> those are horrible and unsafe and no person in their right mind would operate one 11:09 * fluffypony whistles innocently 11:09 * fluffypony stares into the corner 11:09 < kanzure> agreed... 11:09 < kanzure> "how to encourage a million terrible javascript browser extension wallets" :) 11:10 -!- frankenmint [~frankenmi@174-25-25-137.ptld.qwest.net] has quit [Remote host closed the connection] 11:13 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Ping timeout: 276 seconds] 11:17 < neha> my thoughts are let's have the browser vendors implement them once (per browser) so that doesn't happen! 11:17 < fluffypony> sure 11:17 < neha> there's an interesting gap between web payments and web crypto 11:17 < neha> (working groups) 11:17 < fluffypony> the problem is that you end up with disparate systems 11:18 < fluffypony> what if the browser just knew how to handle a Payment object 11:18 < fluffypony> and your system had a bunch of installed providers that could service that Payment object 11:19 < neha> \me is happy we are having this conversation 11:19 < neha> oops 11:19 * neha is happy we are having this conversation 11:19 < neha> what is the difference between that and what i said? 11:20 < fluffypony> nothing, I was just thinking about "once per browser" vs. "once per system" 11:20 < neha> i suppose browser vendor implementing API vs. implementing wallet 11:28 -!- bildramer1 [~bildramer@p2003004D2B658200B5602A90995DC83D.dip0.t-ipconnect.de] has joined #bitcoin-wizards 11:28 -!- bildramer [~bildramer@p2003004D2B6582003CAFD05B8A886580.dip0.t-ipconnect.de] has quit [Disconnected by services] 11:28 -!- bildramer1 is now known as bildramer 11:45 -!- domwoe [~domwoe@209-6-39-253.c3-0.smr-ubr2.sbo-smr.ma.cable.rcn.com] has quit [Remote host closed the connection] 11:48 -!- chjj 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[~molly@unaffiliated/molly] has joined #bitcoin-wizards 12:38 -!- moli [~molly@unaffiliated/molly] has quit [Ping timeout: 244 seconds] 12:42 -!- molly [~molly@unaffiliated/molly] has joined #bitcoin-wizards 12:44 -!- molz [~molly@unaffiliated/molly] has quit [Ping timeout: 252 seconds] 12:50 -!- moli [~molly@unaffiliated/molly] has joined #bitcoin-wizards 12:53 -!- molly [~molly@unaffiliated/molly] has quit [Ping timeout: 260 seconds] 13:05 -!- justanotheruser [~Justan@unaffiliated/justanotheruser] has joined #bitcoin-wizards 13:11 -!- roman__ [~quassel@2a01:cb1d:4a4:2e00:e16d:206c:a754:f1e5] has quit [Remote host closed the connection] 13:17 -!- domwoe [~domwoe@50.245.35.84] has quit [Remote host closed the connection] 13:18 < kanzure> .title https://news.ycombinator.com/item?id=11801093 13:18 < yoleaux> Security challenges for the Qubes build process | Hacker News 13:18 < kanzure> http://blog.invisiblethings.org/2016/05/30/build-security.html 13:18 -!- domwoe [~domwoe@50.245.35.84] 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ozanyurt [~textual@78.185.201.206] has quit [Ping timeout: 246 seconds] 15:19 -!- ozanyurt_ is now known as ozanyurt 15:31 -!- jannes [~jannes@178.132.211.90] has quit [Quit: Leaving] 15:41 -!- jarret [~jarret@162.216.46.179] has joined #bitcoin-wizards 15:44 < bsm117532> I've got some interesting numbers for you kids... 15:46 < bsm117532> Taking the Bitcoin orphan rate (which is 1.16 per day, averaged over the last two years) and its target block time of 10 minutes, it's possible to calculate the minimum block time, given the network topology of mining bitcoin nodes. 15:46 < bsm117532> Essentially, the orphan rate tells you the "size" of the network. 15:46 -!- jarret [~jarret@162.216.46.179] has quit [Ping timeout: 260 seconds] 15:46 < bsm117532> in units of the block time. 15:46 -!- jarret [~jarret@72.53.24.148] has joined #bitcoin-wizards 15:47 < bsm117532> This "size" is 4.8s (as a parameter in an equation I'll have to show later). 15:47 < bsm117532> The resultant minimum block time, allowing blocks to have multiple parents, is 11.6s. 15:47 < bsm117532> This is about a factor of 10 slower than other p2p networks (like bittorrent) I suspect due to mining nodes being slow to relay (great firewall or operating over Tor/I2P). 15:49 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has quit [Quit: Leaving] 15:51 -!- jarret [~jarret@72.53.24.148] has quit [Ping timeout: 264 seconds] 15:53 -!- domwoe [~domwoe@50.245.35.84] has quit [Remote host closed the connection] 15:53 -!- slackircbridge [~slackircb@45.55.41.36] has quit [Remote host closed the connection] 15:54 < bsm117532> The resultant block "chain" (braid) has on average 2 beads per cohort (=block). 15:54 -!- slackircbridge [~slackircb@45.55.41.36] has joined #bitcoin-wizards 15:58 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has joined #bitcoin-wizards 16:04 < r0ach> I was browsing scamcoins and think I discovered the biggest Rube Goldberg implementation so far (NEM coin): 16:04 < r0ach> "Supernodes are expected to be high performance and reliable nodes. They are regularly tested on their bandwidth, chain height, chain parts, computing power, version, ping, and responsiveness to make sure that they are performing to high standards." 16:05 < katu> does nem really have an implementation? 16:05 < r0ach> I don't know, just stumbled upon that a second ago... 16:05 < katu> afaik it was half bollocks (along with storj and maid), and half not even bothering to release working implementation 16:06 < katu> anyhow, sort of wish somebody actually did try to instantiate something tackling the problem of self-reported rank consensus 16:06 < katu> it is doable to a degree imo, at least with weak subjective assumptions similiar to NaS 16:09 -!- Noldorin [~noldorin@unaffiliated/noldorin] has joined #bitcoin-wizards 16:11 -!- slackircbridge [~slackircb@45.55.41.36] has quit [Remote host closed the connection] 16:12 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Excess Flood] 16:12 -!- slackircbridge [~slackircb@45.55.41.36] has joined 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[~ubuntu@52.27.118.248] has joined #bitcoin-wizards 17:52 -!- HastaJun [~10339A764@c-3ecde455.02-226-6c6b701.cust.bredbandsbolaget.se] has joined #bitcoin-wizards 17:55 -!- ozanyurt [~ozanyurt@78.185.201.206] has quit [Quit: Textual IRC Client: www.textualapp.com] 17:57 -!- HastaJun [~10339A764@c-3ecde455.02-226-6c6b701.cust.bredbandsbolaget.se] has quit [Ping timeout: 272 seconds] 18:00 -!- rustyn [~rustyn@unaffiliated/rustyn] has quit [Read error: Connection reset by peer] 18:01 -!- rustyn [~rustyn@unaffiliated/rustyn] has joined #bitcoin-wizards 18:19 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Read error: Connection reset by peer] 18:19 -!- Noldorin [~noldorin@unaffiliated/noldorin] has joined #bitcoin-wizards 18:21 -!- PRab [~chatzilla@c-68-62-95-247.hsd1.mi.comcast.net] has joined #bitcoin-wizards 18:26 -!- blackwraith [~priidu@unaffiliated/priidu] has quit [Ping timeout: 246 seconds] 18:40 -!- roman__ [~quassel@2a01:cb1d:4a4:2e00:bdea:3fb0:ac45:504f] has quit [Remote host closed the connection] 18:44 -!- Noldorin_ [~noldorin@unaffiliated/noldorin] has joined #bitcoin-wizards 18:44 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Read error: Connection reset by peer] 18:47 -!- Noldorin_ [~noldorin@unaffiliated/noldorin] has quit [Max SendQ exceeded] 18:51 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 18:53 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 18:54 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 264 seconds] 18:56 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has quit [Ping timeout: 258 seconds] 18:58 -!- belcher [~user@unaffiliated/belcher] has quit [Quit: Leaving] 19:01 < bsm117532> Updated analysis of difficulty and retargeting for blockchains and braids: https://rawgit.com/mcelrath/braidcoin/master/Braid%2BExamples.html 19:01 < bsm117532> New stuff at the bottom. 19:05 -!- BonyM [~BonyM-I@ua-83-227-211-4.cust.bredbandsbolaget.se] has quit [Ping timeout: 276 seconds] 19:05 < bsm117532> This will be in my upcoming paper "Braiding the Blockchain" which will be submitted to Ledger, but comments welcome here before the paper appears... 19:07 -!- moa [~kiwigb@opentransactions/dev/moa] has joined #bitcoin-wizards 19:10 < smooth> bsm117532: how do you know the bitcoin orphan rate? can't some of them just die without being reported? 19:10 * bsm117532 awaits with trepidation a new era of scamcoins using the Lambert W function for blahblahblah... 19:10 < bsm117532> smooth: I got it from blockchain.info 19:10 -!- King_Rex [~King_Rex@unaffiliated/king-rex/x-3258444] has quit [Remote host closed the connection] 19:10 < bsm117532> I averaged this: https://blockchain.info/charts/n-orphaned-blocks 19:11 < smooth> i guess it is a lower bound 19:11 < bsm117532> You think there are orphaned blocks that Blockchain.info never saw? 19:11 < smooth> do you have a sensitivity analysis of your results 19:11 < bsm117532> Not yet, but I might make one for the paper. What are you interested in? 19:11 < smooth> its certainly possible there are blocks they never saw 19:12 < smooth> how important is that you know the true orphan rate, since you don't 19:13 < bsm117532> Well if you're interested in using those numbers in a retarget algorithm, as I showed at the bottom, the sensitivity is easy to calculate from the analytic formulas. 19:13 -!- moa [~kiwigb@opentransactions/dev/moa] has quit [Ping timeout: 276 seconds] 19:14 -!- Tiraspol [~Tiraspol3@unaffiliated/tiraspol] has quit [Remote host closed the connection] 19:14 -!- Tiraspol [~Tiraspol3@unaffiliated/tiraspol] has joined #bitcoin-wizards 19:14 < bsm117532> In a braid there would be no reason to not publish a block -- you'd still get rewards for it. In Bitcoin I can see that orphans might get dumped or not relayed. 19:14 < smooth> oh i didn't click your link, i was just was reading your comments here. Thanks 19:14 < bsm117532> Yeah click the link. Lots of meat in there. :-) 19:14 < smooth> in bitcoin the standard algorithm is to not relay them 19:14 -!- Noldorin [~noldorin@unaffiliated/noldorin] has joined #bitcoin-wizards 19:15 < bsm117532> But you won't know they're an orphan until several blocks later...how can it choose to not relay? 19:15 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 19:15 < smooth> only first seen is relayed 19:16 < smooth> now if a later seen block becomes part of a longer chain then both will be relayed by that node, but some fraction of the time that wont happen 19:16 < bsm117532> That doesn't make sense. 19:16 < smooth> If a node receive A then B at the same height, it will only relay A 19:17 < bsm117532> That's a bizarre weirdness right there. What's the justification for that? 19:17 -!- p15 [~p15@159.91.145.64.unassigned.bringover.net] has joined #bitcoin-wizards 19:17 < smooth> there is one, but i dont remember it 19:17 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Read error: Connection reset by peer] 19:18 < bsm117532> If I'm a miner, I want to receive both, so I can choose to mine on the one with the lower hash (I thought)... 19:19 < smooth> there's not particular reason to favor the lower hash, although conventions like that have been proposed 19:19 < bsm117532> The rule you cite explicitly favors miners with better connectivity. 19:21 < smooth> the selfish mining paper said the same, but there is indeed some tradeoff, i just dont remember it 19:21 < smooth> world is full of those annoying things 19:21 -!- p15 [~p15@159.91.145.64.unassigned.bringover.net] has left #bitcoin-wizards [] 19:21 < bsm117532> This braid business explicitly kills the selfish mining attack, by delaying rewards until well after a cohort has formed. 19:22 < bsm117532> The orphan race is a design flaw and is not necessary. 19:23 -!- Chris_Stewart_5 [~Chris_Ste@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 244 seconds] 19:24 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 19:25 < smooth> braids are complicated. design flaw is a bit extreme. it might be necessary if you want a simple algorithm 19:27 < bsm117532> smooth: Yeah they are complicated. But I did all the work for you. :-P 19:27 -!- moa [~kiwigb@opentransactions/dev/moa] has joined #bitcoin-wizards 19:27 < bsm117532> My cohort-finding algorithm is only about 15 lines in python, and that's the meat of it. A retarget algorithm is presented in the formulas at the above link. Again only a couple of lines. 19:28 < bsm117532> Took me 5 or 6 tries to get that algorithm right though... 19:35 -!- alpalp [~allen@104-54-235-28.lightspeed.austtx.sbcglobal.net] has joined #bitcoin-wizards 19:35 -!- alpalp [~allen@104-54-235-28.lightspeed.austtx.sbcglobal.net] has quit [Changing host] 19:35 -!- alpalp [~allen@unaffiliated/alpalp] has joined #bitcoin-wizards 19:40 < smooth> im pulling for you, i just hope you can get buy-in 19:41 < smooth> there's a lot of inertia and competing interests 19:41 < bsm117532> Heh, thanks. I've gotten what I wanted out of this, at this point. I'll polish up my draft this week and submit it. 19:41 -!- alpalp [~allen@unaffiliated/alpalp] has quit [Ping timeout: 276 seconds] 19:41 < smooth> you'll get a nice paper out of it for sure, but in terms of adoption and improving bitcoin, well... 19:42 < bsm117532> I don't know really where is best to try to put this into production. I've thought about modifying p2pool, or making a sidechain and add it to the Elements project, or convincing the Zcash folks... dunno. 19:42 < bsm117532> Suggestions welcome... 19:42 < smooth> be happy with the paper :) 19:43 < bsm117532> I am. :-) 19:43 < bsm117532> I've also begun to think about this as step 0 on the path to healing network splits: https://github.com/zcash/zcash/issues/975 19:49 < smooth> do you think asset creation proportional to difficulty can possibly work? 19:49 < smooth> it seems problematic in having no understanding of what the supply is going to be 19:50 < bsm117532> It's the only thing that works. Anything else rewards early miners at the expense of later miners (who invest more energy) and is a scam. 19:51 < bsm117532> Bitcoin is a direct representation of asset expenditure (hashcash) with added transactional properties. 19:51 < smooth> improving efficiency means later miner invest less energy 19:52 < bsm117532> It's not a perfect representation of asset expenditure, but it's the only cryptographic one I know of. Every other form of "asset" in computers is actually an IOU that through gets tied to real-world assets. 19:52 < smooth> if you said creation proportional to energy...that would be different, but seems unimplementable 19:52 < smooth> actaully satoshi retargeting given non-cartel mining means that asset issuance is equal value to resources consumed 19:53 < bsm117532> The retargeting gives a time-based schedule. It's only an accident if it's proportional to energy expended. 19:54 < smooth> yes but the value of tokens is another independent variable 19:55 < smooth> if mining is even reasonably competitive then value in = value out 19:55 < bsm117532> Anyway...you asked about allocation proportional to difficulty. This is required to decide how to merge competing chains which do not contain double spends. 19:55 < smooth> yeah 19:55 < smooth> unless you can rescale it somehow 19:55 < bsm117532> The row of a database has zero value. PoW has value. 19:56 < bsm117532> Yes, if you chose some schedule for coin allocation, you'd have to recompute everything in order to merge a network split. 19:57 < smooth> i think in your split case you are assuming the tokens on both sides must have the same value 19:57 -!- moa [~kiwigb@opentransactions/dev/moa] has quit [Ping timeout: 258 seconds] 19:57 < bsm117532> Well you have to compare something in order to merge. The one cryptographically representable value that can be decided, in the absence of communication between the chains, is the difficulty itself. 19:58 < smooth> you can compare time 19:58 < bsm117532> Nope. Clocks on one side of the split can't be compared to the other. 19:58 < bsm117532> You'll give me a great timewarp net split attack... 19:59 < smooth> if you are igoring time altogether then maybe but otherwise if you are merging them you are imposing some time reference, if only for retargeting going forwarrd 20:00 < bsm117532> So, the notion of a "cohort" in the above worksheet is a time reference which all participants in the network agree upon. It's where you define the UTXO set. 20:01 < bsm117532> In network protocols we desire to remove time altogether. Assumptions about time find ways of failing, or being gamed. 20:01 < smooth> yes i agree with your statements if time is removed altogether 20:02 < bsm117532> I'd say that's outside my scope of analyzing the graph structure of the braid. 20:02 < bsm117532> I've started talking with zokoo about merging a long-running net split, but that's a different ball of yarn. 20:03 < bsm117532> Though, I'd like net splits to be resolved in exactly the same way as orphans/uncles: quickly, fairly, and robustly. 20:03 < bsm117532> Like a git merge... 20:03 < smooth> that was mostly what i was talking about, and considering your comment on the issue about not having a cutoff between "short" and "long" 20:04 -!- pro [~pro@unaffiliated/pro] has quit [Quit: Leaving] 20:05 < smooth> i do think that proportional to difficulty makes a lot of sense but it is odd from the perspective of how we think about bitcoin now, because it isn't clear 20:05 < smooth> what issuance you received until much later 20:05 < smooth> which i guess is what your braids mechanism does (iirc from the earlier writeup i saw) 20:06 < bsm117532> It requires more work. I think rewards proportional to difficulty is a requirement, but I worry about resolving chains of dependent spends, which becomes a double-spend in the merge. 20:06 < smooth> so no one really knows what they own? 20:06 < bsm117532> This line of thought seems to move transaction conflicts to be forks, rather than forks being defined by blocks. 20:07 < bsm117532> smooth: Why do you say that? I would own exactly sum(difficulty) of what I've mined. 20:07 < smooth> so issuance is no longer time-controlled? 20:07 < bsm117532> That you mine 10,000 times more because you have a hydroelectric plant... 20:07 < bsm117532> smooth: correct. (with difficulty-proportional rewards) 20:08 < bsm117532> It makes it more like traditional mining (of gold/coal/etc) 20:08 < smooth> is that in your braids proposal? 20:08 < smooth> if so that makes the whole will-bitcoin-ever-do-this question a lot easier :) 20:09 < bsm117532> I'm not sure. I think I can remove it actually. It's something I put in my draft a long time ago, but later realized I can simplify. 20:09 < smooth> ok gtg. i'll read your paper 20:32 -!- BonyM [~BonyM-I@ua-83-227-211-4.cust.bredbandsbolaget.se] has joined #bitcoin-wizards 20:32 -!- HastaJun [~10339A764@c-d5cce455.02-226-6c6b701.cust.bredbandsbolaget.se] has joined #bitcoin-wizards 20:41 -!- HastaJun [~10339A764@c-d5cce455.02-226-6c6b701.cust.bredbandsbolaget.se] has quit [Ping timeout: 260 seconds] 20:47 -!- domwoe [~domwoe@209-6-39-253.c3-0.smr-ubr2.sbo-smr.ma.cable.rcn.com] has quit [Remote host closed the connection] 20:51 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 20:53 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 21:06 -!- HastaJun [~10339A764@c-d5cce455.02-226-6c6b701.cust.bredbandsbolaget.se] has joined #bitcoin-wizards 21:06 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #bitcoin-wizards 21:09 -!- binaryFate [~binaryFat@2607:ff48:aa81:800::a15f:1] has quit [Ping timeout: 260 seconds] 21:11 -!- binaryFate [~binaryFat@155.94.209.39] has joined #bitcoin-wizards 21:27 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 21:27 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 264 seconds] 21:29 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 21:48 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 21:50 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 22:17 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 22:18 -!- paveljanik [~paveljani@79-98-72-216.sys-data.com] has joined #bitcoin-wizards 22:18 -!- paveljanik [~paveljani@79-98-72-216.sys-data.com] has quit [Changing host] 22:18 -!- paveljanik [~paveljani@unaffiliated/paveljanik] has joined #bitcoin-wizards 22:19 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 22:37 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 22:39 -!- HastaJun [~10339A764@c-d5cce455.02-226-6c6b701.cust.bredbandsbolaget.se] has quit [Ping timeout: 260 seconds] 22:39 -!- Giszmo [~leo@pc-122-14-46-190.cm.vtr.net] has quit [Quit: Leaving.] 22:48 -!- go1111111 [~go1111111@104.200.154.22] has joined #bitcoin-wizards 22:53 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has quit [Ping timeout: 252 seconds] 23:09 -!- Alopex [~bitcoin@cyber.dealing.ninja] has quit [Remote host closed the connection] 23:11 -!- Alopex [~bitcoin@cyber.dealing.ninja] has joined #bitcoin-wizards 23:13 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-odvfewbbjkucatak] has joined #bitcoin-wizards 23:34 -!- ThomasV [~ThomasV@unaffiliated/thomasv] has joined #bitcoin-wizards 23:35 -!- nuke1989 [~nuke@176.92.77.25] has quit [Remote host closed the connection] 23:46 -!- HastaJun [~10339A764@c-d5cce455.02-226-6c6b701.cust.bredbandsbolaget.se] has joined #bitcoin-wizards --- Log closed Tue May 31 00:00:16 2016