2015-03-21.log

--- Log opened Sat Mar 21 00:00:28 2015
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gmaxwellhttp://arxiv.org/abs/1404.3458 "The proposed polynomial basis allows that h-point polynomial evaluation can be computed in O(hlog2(h)) finite field operations with small leading constant."03:34
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midnightmagiclol04:15
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ElielIf I calculated correctly, for practical purposes, that means RS decoding efficinecy has gone up 300%+ (assuming h of at least 256)05:23
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gmaxwellEliel: perhaps not that simple, small RS codes just use tables for multipling. The concrete performance numbers they gave are kind of suspect (the competing implementation sounds insanely slow).05:49
gmaxwellBut certantly interesting to see something finally achieve the expected asymptotic complexity in GF2.05:51
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phantomcircuitgmaxwell, did you see my hilarious realization?15:56
phantomcircuityou can actually build a pos consensus system.... but history isn't permanent15:57
phantomcircuiteverybody agrees on what the new history is though15:57
phantomcircuitso15:57
phantomcircuithorray15:57
jcorganwe have always been at war with eastasia15:57
phantomcircuitjcorgan, heh15:57
phantomcircuitit was thinking of calling it paypal coin15:57
phantomcircuitand have the forking rules be that any conflicts destroy the conflicted coins entirely including their descendants15:58
phantomcircuitthis is of course entirely useless15:58
phantomcircuitbut technically provides a distributed consensus15:58
phantomcircuitoh and there's a pretty obvious dos issue15:59
phantomcircuitbut *waves hands*15:59
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Anduckis it something like how ripple is trying to work?16:01
phantomcircuitAnduck, amusingly it's close to the same result but far simpler to implement16:01
Anduckyou have to tell them about it (or stellar devs). i think stellar devs are trying to fix the consensus thing which is broken in ripple and in stellar16:02
phantomcircuitAnduck, i'd be pretty amused if they implemented this16:03
phantomcircuitsince16:03
phantomcircuit<phantomcircuit> this is of course entirely useless16:03
Anduckhmm ahhm..yeah16:04
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phantomcircuitAnduck, it's amusing because it is technically a distributed consensus system16:14
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Anduckyeah i figured =)16:14
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Anduckphantomcircuit: if someone tried to double-spend the consensus would destroy the coins?16:17
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petertoddphantomcircuit: "you can actually build a pos consensus system.... but history isn't permanent" <- and now you understand why pos needs checkpoints...19:46
phantomcircuitpetertodd, the checkpoints make the pos part irrelevant though19:47
phantomcircuiti suspect you could make pos work if the thing as stake wasn't the unit in the system19:48
phantomcircuitbut probably that ends up looking like merged mining19:49
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phantomcircuit<Anduck> phantomcircuit: if someone tried to double-spend the consensus would destroy the coins?21:40
phantomcircuitor whatever the rule was21:40
phantomcircuit(that was the only one i could think of that made sense)21:41
phantomcircuit(for limited values of "sense")21:41
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tdryjaHi - I have a question for wizards if anyone's around23:52
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tdryjasay you have 3 outputs, A, B, C23:52
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tdryjaand 2 transactions, say tx1 and tx223:52
tdryjatx1 is A -> B23:53
tdryjatx2 is B -> C23:53
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tdryjaassume output A is from a transaction a while ago and in a block23:54
tdryjaI know that tx1 and tx2 can appear in the same block; that is, tx1 does not need to be confirmed for its outputs to be spent23:54
Taekthis is probably a question for #bitcoin or #bitcoin-dev23:55
tdryjamy question is, does tx1 need to appear before tx2 within the same block for the block to be valid23:55
fluffyponyThey can be chained, yes23:55
tdryjahm, OK maybe I'll take it to bitcoin dev, sorry!23:55
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fluffyponytdryja: transaction order within a block is irrelevant, all transactions are assumed to have happened at the same time23:57
fluffyponyBut yes, better suited to -dev23:57
tdryjathanks23:57
fluffypony(Although the fact that verifying tx2 requires verification of tx1 means they'll naturally be in order anyway)23:59
--- Log closed Sun Mar 22 00:00:07 2015

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