--- Log opened Fri Jul 28 00:00:33 2017
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04:03 < Kvothe> hi
04:03 < Kvothe> Im a altcoin enthusiast
04:04 < Kvothe> and was wondering if someone can guide me in altcoin generation
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05:59 < lmatteis> Hello. The main point with Lightning Network is the need to monitor the blockchain. The reason for this is to detect if the counterparty misbehaves by publishing an old channel state to the blockchain. For a node running on a server, that is not a big problem since it is always online, but mobile nodes might go offline for days, so how do we deal with this issue?
06:00 < kanzure> lmatteis: http://diyhpl.us/wiki/transcripts/scalingbitcoin/milan/unlinkable-outsourced-channel-monitoring/
06:01 < licnep> i have a question about how mining pools work, sorry for my ignorance. Basically when a block is found the mining pool puts together some transactions from the mempool in a block, and then divides the hash space search between the single miners, right? And this virtual block they are trying to mine remains unchanged until a new block is mined? Or if there are new transactions they add them in?
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06:07 < lmatteis> kanzure: so the conclusion is "Anonymous with altruistic is probably more realistic." ?
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06:15 < licnep> what i dont understand is, are miners extensively searching the entire hash space, like a brute force, so if theres 100 combinations and i have tested 99 you have 100% probability of finding it at the next try? Or are the transactions in the block continuously rearranged and added, so the miners are always restarting from zero on a new problem?
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06:41 < nsh> licnep, i think it depends on the implementation. it's worth maybe reading the white papers for particular mining pools
06:41 < nsh> or the code
06:42 < licnep> right, if you have any links or pointers let me know
06:49 < andytoshi> licnep: https://download.wpsoftware.net/bitcoin/asic-faq.pdf might help with your confusion, the probabilities do not work how you are imagining
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06:50 < andytoshi> you can ask me in #bitcoin for more explanation
06:50 < licnep> @andytoshi thanks
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08:38 < kanzure> "A survey of BSD kernel vulnerabilities" https://media.defcon.org/DEF%20CON%2025/DEF%20CON%2025%20presentations/DEFCON-25-Ilja-van-Sprundel-BSD-Kern-Vulns.pdf
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10:12 < redrider> hi
10:12 < redrider> i feel like i am a wizrd can i come in here
10:14 < redrider> hello?  i cast a spell and make you all not wizards.  now you are wuzzards
10:14 < redrider> betwaffle i turned into a wart on a penis.
10:15 < redrider> if his boyfriend kiss his penis he turn into a frog
10:15 < betawaffle> your nonsense is off topic
10:15 < redrider> your topic is nonsense
10:15 < redrider> just like every other word out of your ugly face
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10:39 < thievery_corp> do you guys know if my ledger will support by new bitcoin abc or will i have to get a trezor?
10:42 < MaxSan> wrong place for this
10:43 < thievery_corp> k i found out, both will support (trezor and ledger) btc abc if you have some “We will provide an interface, accessible from Trezor Wallet, where you can access and safely claim your Bitcoin Cash coins. You will be prompted by Trezor Wallet once you select “Bitcoin Cash” in the currency selector. After this, you can use Bitcoin and Bitcoin Cash side by side,” Trezor said.
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--- Log closed Sat Jul 29 00:00:34 2017