2015-02-22.log

--- Log opened Sun Feb 22 00:00:02 2015
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kanzure"Practical Compact E-Cash with Arbitrary Wallet Size" http://eprint.iacr.org/2015/086.pdf04:42
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kanzureplease look forward to my proposal for negative confirmation transactions06:59
* [nsh] smiles06:59
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bsm117532Amazon already has a patent on that.07:10
justanotheruserkanzure: isn't that basically checklocktime?07:12
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jgarziknLockTime is arguably negative confirmations07:20
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kanzureoh, perfect07:22
[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] shrugs07:36
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petertoddkanzure: +107:48
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petertoddkanzure: 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 miners07:49
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petertodd*turned off by default07:49
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kanzurewhoops 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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petertoddkanzure: hah, yeah, which means that 1-2% might be 50% of your revenue if you get unlucky :)07:52
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kanzurepetertodd: 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
petertoddkanzure: in replace-by-fee it wouldn't - priority doesn't count for anything07:54
kanzurek. lousy method anyway. :)07:54
petertoddkanzure: against non-rbf double-spend attacks it'd also make no difference07:55
kanzureright, was just thinking about transaction competition i guess. not sure.07:55
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petertoddkanzure: 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" design07:56
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kanzureamiller: what about a system like helios except where coercion can only occur by making the coercion public and known to everyone?13:43
amillerthat would be interesting, how so?13:43
kanzurehmm, i don't have any answers yet. i'll report back eventually.13:44
kanzureyou could have delayed coercion proofs maybe13:49
kanzurethat only get unlocked once some threshold number of potential proofs are available?13:49
kanzurei guess that wont work; not everyone will be harmed, but some might.13:49
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