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23:22 < cjd> Does anyone know of work done on reducing the latency between a new block being discovered and miners being able to mine on top of it ?
23:23 < cjd> Last night, I had a thought that if one is ok with some extra complexity in the wallet software, one can make it much easier for small miners.
23:24 < sipa> cjd: http://bitcoinfibre.org/
23:25 < sipa> and BIP 152
23:25 < cjd> But that doesn't solve the problem that when you receive a block, you need to scratch off the transactions which were included so that you don't include them in yours
23:26 < cjd> Imagine "coloring" each block by its height, even height = red, odd height = blue.  Secondly, txouts are colored by the block where the tx was included..  Transactions spending red txouts can land in blue blocks and vice versa, no transaction can contain inputs from both red and blue txouts.
23:27 < cjd> With that restriction, one can easily build block n+2 while waiting for n+1 to be found
23:27 < sipa> how can value move between red blocks and blue blocks?
23:28 < cjd> red txouts can only be spent into blue blocks, so it moves in every transaction
23:28 < sipa> ah, i see
23:29 < cjd> It might be interesting for projects with fast chains where nobody worries about not being in the next block
23:29 < sipa> i think block assembly is far harder than this problem
23:29 < sipa> but i guess this approach lets you do that ahead of time as well
23:30 < cjd> right, you assemble ahead of time and then you basically tell your miners to switch as soon as you receive the block header (and then you rush to validate the block as fast as possible)
23:31 < sipa> ah, but this would disallow having a txout being created and spent within the same block?
23:31 < cjd> Wallets need to keep 2 sets of addresses and they might not be able to make a single transaction, even though they have enough money to do it.. they'll have to tell the user that it needs to be 2 transactions
23:32 < cjd> I don't think so
23:32 < sipa> it would be in conflict with your rule, right?
23:32 < sipa> but perhaps there can be an exception
23:32 < cjd> If A spends red coins into B and B spends them into C, you could include both but C is going to be blue which is not what wallet software might have expected
23:33 < cjd> I guess the problem comes if A spends red coins into B and B spends A's coins as well as other blue coins which are laying around somewhere...
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--- Log closed Wed Nov 21 00:00:09 2018