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kanzure | "Practical Compact E-Cash with Arbitrary Wallet Size" http://eprint.iacr.org/2015/086.pdf | 04:42 |
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kanzure | please look forward to my proposal for negative confirmation transactions | 06:59 |
* [nsh] smiles | 06:59 | |
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bsm117532 | Amazon already has a patent on that. | 07:10 |
justanotheruser | kanzure: isn't that basically checklocktime? | 07:12 |
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jgarzik | nLockTime is arguably negative confirmations | 07:20 |
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kanzure | oh, perfect | 07:22 |
[nsh] | the joke is 'spendable after negative confirmations'. nLockTime is more prosaically 'begins with [kinda] negative conformations' | 07:23 |
kanzure | "I and many other people tried your replace-by-fee tools and found out that they worked **maybe** 1-2% of the time" yeah... that's probably the merchant's entire margin. | 07:23 |
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justanotheruser | [nsh]: if it's spendable after a known number of more blocks it kindof already is confirmed? | 07:36 |
* [nsh] shrugs | 07:36 | |
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petertodd | kanzure: +1 | 07:48 |
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petertodd | kanzure: and like I said in my reply, I intentionally didn't make that doublespend script get high success rates out-of-the-box - all the clever strategies are turned off, and it doesn't provide any mechanism to create totally non-std transactions and get them to miners | 07:49 |
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petertodd | *turned off by default | 07:49 |
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kanzure | whoops wait my comment is really bad. 1-2% of the transactions is of course not going to be 1-2% of revenue. so talking about margins is wrong. but if you are allowed to assume a flat distribution.... | 07:51 |
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petertodd | kanzure: hah, yeah, which means that 1-2% might be 50% of your revenue if you get unlucky :) | 07:52 |
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kanzure | petertodd: so would this strategy be of any utility? a merchant that wants to accept zeroconf should make a subsequent transaction that spends all of his BTC plus the input of the original zeroconf. does that get picked up by any mining/priority policy these days? | 07:54 |
petertodd | kanzure: in replace-by-fee it wouldn't - priority doesn't count for anything | 07:54 |
kanzure | k. lousy method anyway. :) | 07:54 |
petertodd | kanzure: against non-rbf double-spend attacks it'd also make no difference | 07:55 |
kanzure | right, was just thinking about transaction competition i guess. not sure. | 07:55 |
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petertodd | kanzure: now, in my implmentation if you made 100 transactions in a row you'd trip the recursion/breadth limit on the child tx evaluator, and it wouldn't attempt to replace, but that's a temporary artifact of my "work at all costs" design | 07:56 |
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kanzure | amiller: what about a system like helios except where coercion can only occur by making the coercion public and known to everyone? | 13:43 |
amiller | that would be interesting, how so? | 13:43 |
kanzure | hmm, i don't have any answers yet. i'll report back eventually. | 13:44 |
kanzure | you could have delayed coercion proofs maybe | 13:49 |
kanzure | that only get unlocked once some threshold number of potential proofs are available? | 13:49 |
kanzure | i guess that wont work; not everyone will be harmed, but some might. | 13:49 |
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