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yosss | . | 01:59 |
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waxwing | i guess people here already know about this? http://enigma.media.mit.edu/enigma_full.pdf | 02:33 |
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moa | waxwing: interesting enigma ... taking on some hefty issues squarely | 03:55 |
waxwing | let's hope nobody finds any cribs ;) | 03:57 |
moa | scalability and privacy | 03:57 |
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moa | the blockchain becomes a verifiable index for computational data stored in the dht | 04:07 |
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AaronvanW | waxwing: which blockchain will enigma use? | 04:27 |
waxwing | AaronvanW: i didn't read it all, i got the impression bitcoin though | 04:28 |
AaronvanW | waxwing: I think not | 04:28 |
waxwing | http://www.wired.com/2015/06/mits-bitcoin-inspired-enigma-lets-computers-mine-encrypted-data/ | 04:31 |
waxwing | ^ quote in the article suggests they do | 04:31 |
waxwing | "Every time someone requests a computation from the Enigma network, he or she pays a bitcoin fee. A tiny part of that money is paid to a computer in the bitcoin network to record Enigma’s metadata in the blockchain" | 04:31 |
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waxwing | i mean, it doesn't actually exist of course | 04:32 |
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AaronvanW | waxwing: looks like you might be right. it's confusing because in one article it says it uses technology "inspired by Bitcoin", and in the next it seems to actually use Bitcoin | 04:34 |
waxwing | it's hard nowadays since blockchain became the word-du-jour .. the journalists tend to just stop there. | 04:35 |
waxwing | i agree the paper seems to be a bit agnostic | 04:35 |
AaronvanW | waxwing: well, I am a journalist and I'm actually trying to find out which one it is ;) | 04:36 |
waxwing | AaronvanW: hah! | 04:37 |
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AaronvanW | but yeah, it does seem a bit agnostic, I guess that's a pretty good way to put it | 04:38 |
AaronvanW | might use that :p | 04:38 |
waxwing | AaronvanW: well in these kind of applications they tend to "fall back" to Bitcoin, although knowing they don't necessarily need to use it, because the stability/security from the hashpower makes it the obvious choice. That's my read. | 04:39 |
waxwing | this is mainly about MPC though, and what always seemed to kill that off was the enormous interactivity. | 04:41 |
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jonasschnelli | Does anyone know what keypath Electrums multisig wallet uses? Probably not bip44 conform because it only asks me after a the master pub key (bip44 goes over hardened keys). | 12:39 |
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kanzure | there are many electrum multisig classes, including some legacy implementations | 13:00 |
kanzure | which i believe are still kept in the source code, should be easy to dig them up | 13:01 |
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jcorgan | jonasschnelli: i don't know the exact key path but i do know it is know bip44 | 13:14 |
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lmatteis | is anybody familiar with how Nxt's proof-of-stake system works? i've been studying it in depth for the past week and still have some concerns about its functionality | 13:43 |
lmatteis | because the forging (aka mining) happens based on which "active account" has most coins (and some other random stuff) | 13:43 |
lmatteis | but i don't understand what's then stopping someone from simply forging their own chain, sort of pretending they were the only ones online at that moment, and broadcasting such chain | 13:44 |
lmatteis | what's stopping peers from accepting such chain? | 13:44 |
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Luke-Jr | lmatteis: probably nothing; ##altcoin-dev though | 13:48 |
lmatteis | ok | 13:49 |
lmatteis | even though "This channel is is for discussing theoretical ideas with regard to cryptocurrencies" | 13:49 |
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lmatteis | "other peers will reject this 20 blocks chain since they can calculate that the forger forged the blocks before its due time." | 14:07 |
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lmatteis | that's what i got from the forums | 14:07 |
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lmatteis | but i mean, time could still be simulated :/ | 14:10 |
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tromp_ | if you timestamp blocks with a future time, then they will be either dropped or delayed until the timestamp is reached | 14:17 |
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phantomcircuit | lmatteis, PoS people have wasted an enormous amount of review time on ever more complicated systems which are still fundamentally broken | 14:19 |
phantomcircuit | so please dont talk about them here | 14:19 |
andytoshi | please no NXT discussion here, they have been historically very antagonistic toward the goal of cryptocurrency research | 14:19 |
andytoshi | oh thx :) | 14:19 |
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lmatteis | really? | 14:19 |
lmatteis | i found lots of good research-y papers | 14:19 |
lmatteis | and i don't see why they would hurt cryptocurrency research | 14:20 |
andytoshi | lmatteis: yeah, they constantly change their (badly underspecified) design goals and strategies, and publish things that are hard to read and whose ideas have been repeatedly demonstrated to be broken | 14:21 |
andytoshi | well, they hurt it by wasting researchers' time and energy | 14:21 |
andytoshi | and they have no reason -not- to do so, it's not like they need that time or energy for anything.. | 14:21 |
lmatteis | weird | 14:21 |
lmatteis | they seem like a well-minded community, not trying to waste people's time | 14:22 |
andytoshi | agreed. but they are far from the only ones :/ | 14:22 |
nsh | conversation is good, so more conversation must be better? even if some of the conversation is just people repeating the chant "i know a song that'll get on your nerves, get on your nerves, get on your nerves" but with a variations on the theme of throwing complexity at a hard problem until you can't see why you haven't solved it | 14:22 |
lmatteis | well to be frank, you're guys counter arguments are also "conversation"... has there been experiments to disproof Nxt's PoS system? | 14:23 |
lmatteis | *your | 14:23 |
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phantomcircuit | lmatteis, after the roughly 1000th hour of wasted effort people decided to stop showing them why they're wrong | 14:25 |
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phantomcircuit | if they would like to pay for review time, im sure they can find someone interested | 14:25 |
phantomcircuit | but the gravy train of free indepth reviews is long since used up | 14:25 |
lmatteis | phantomcircuit: ok, so all PoS system so far have lacked the empirical evidence to show their system actually worked? | 14:25 |
phantomcircuit | lmatteis, they're fundamentally broken by "nothing at stake" | 14:26 |
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phantomcircuit | and look you made andytoshi leave | 14:26 |
phantomcircuit | that's how annoying they are | 14:26 |
lmatteis | i'm not a Nxt user, i'm just trying to understand how a top 10 cryptocurrency is fundamentally broken | 14:26 |
fluffypony | the larger problem, lmatteis, is that researchers don't have the time and energy to *prove* that something is broken, when their research is typically geared towards figuring out what is not | 14:27 |
fluffypony | so then you get people who are not cryptographers, who sometimes have their ideas gently put down (and sometimes not-so-gently) | 14:27 |
fluffypony | and instead of going "ok, I am now going to figure out why that's a dumb idea" | 14:28 |
fluffypony | they go "ZOMG THEY HATE ME" and barrel ahead with their dumb idea | 14:28 |
lmatteis | i agree. if it's a silly project that nobody backs, who cares. there's tons of silly ideas in the world | 14:28 |
fluffypony | they take it as a personal affront, which it is not (I have dumb ideas all the time, I'm only offended when those smarter than I *don't* put that out to me) | 14:28 |
lmatteis | but Nxt is backed by actual money, wouldn't you agree? | 14:28 |
fluffypony | so you're saying that there have never been people that have put money into companies without understanding the deep technical intricacies of the company's product? | 14:29 |
phantomcircuit | lmatteis, money doesn't make things smart; see ripple/stellar | 14:29 |
fluffypony | yup | 14:29 |
lmatteis | ok | 14:30 |
lmatteis | not just money, popularity, wiki pages, blog posts and articles | 14:30 |
fluffypony | cryptocurrency is a particularly bad spot, because the investment is not coming from measured, intelligent investors who are risk averse | 14:30 |
fluffypony | it's from seat-of-the-pants investors who think they're going to see many-thousands-of-percent increases in a short space of time | 14:30 |
fluffypony | it's the new VC gig, cheaper and faster than building a startup into a slightly larger husk and then exiting | 14:31 |
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lmatteis | don't you find it weird that, given the idea's popularity, we haven't seen empirical evidence that shows its flaws? | 14:33 |
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lmatteis | i mean, we're not talking about just a bad company or startup | 14:33 |
lmatteis | but an idea that powers several cryptos, no? | 14:33 |
fluffypony | there's not enough market capitalisation to make it interesting to the really motivated attackers | 14:33 |
phantomcircuit | lmatteis, https://download.wpsoftware.net/bitcoin/pos.pdf | 14:34 |
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phantomcircuit | rom the topic http://bitcoin.ninja/ | 14:34 |
lmatteis | phantomcircuit: i read that a while ago, and highlights lots of interesting points. not with evidence though :( | 14:35 |
phantomcircuit | lmatteis, nobody has time to break version 1020202 of nxt | 14:35 |
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phantomcircuit | since they'll just modify things and call it 1020203 | 14:35 |
kanzure | nobody would accept the results of a limited break of proof-of-stake | 14:35 |
kanzure | they will say "oh, well we can just add this extra dongle here and your hax no longer haxors" | 14:36 |
lmatteis | phantomcircuit: ah i didn't even know they do that | 14:36 |
fluffypony | yup, layering complexity | 14:36 |
phantomcircuit | lmatteis, their entire business is built around making it difficult to analzye the underlying protocol | 14:36 |
phantomcircuit | and when someone does find a break | 14:36 |
kanzure | the point is that most minimum modifications to proof-of-stake are trivially beatable; this is not effortlessly beatable, but rather constantly beatable. it's not impressive to have something that you can make hard in a small amount of constant time, that's totally pointless and infuriating. | 14:36 |
phantomcircuit | they simply modify the entire protocol to make it more complicated and harder to understand | 14:36 |
lmatteis | ah wow ok | 14:37 |
kanzure | yes, of course nobody is going to sit here and endlessly break all constant-time additions someone makes to proof-of-stake -_- duh | 14:37 |
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kanzure | i don't think anyone would accept a minimum-viable attack against proof-of-stake, because they will just say "proof-of-stake has already been modified to be slightly different". do you disagree that it would still be worthile ? | 14:39 |
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kanzure | *worthwhile | 14:39 |
fluffypony | it's like continuing to use MD5 but just using a longer salt :-P | 14:40 |
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kanzure | fluffypony: except nobody will complain that "well md5 is still safe if you use a 1024-bit salt" | 14:45 |
fluffypony | yeah, people get stupider when there's money and the hope of profit | 14:46 |
fluffypony | sigh, much greed | 14:46 |
lmatteis | ok the differences didn't seem that subtle | 14:46 |
lmatteis | i actually thought it worked and wanted to know how | 14:46 |
lmatteis | like i thought it was a working alternative to PoW | 14:47 |
lmatteis | but i guess not | 14:47 |
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kanzure | lmatteis: it depends on what you mean by working. | 14:48 |
fluffypony | it does work, as long as the only attackers are rank amateurs | 14:49 |
lmatteis | a system that has been proven to work... that resisted the use of many different types of attacks for many years without having to change the protocol in a major way | 14:49 |
kanzure | alternatively: "or it does work, if your concern about security is sufficiently strange" | 14:49 |
lmatteis | i also find it interesting, more theoretically, that Nxt uses a different distribution scenario where all coins are distributed at first, and then just moved around via transaction fees | 14:50 |
lmatteis | (apart from PoS this is) | 14:50 |
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phantomcircuit | lmatteis, they resist analysis not attack | 15:05 |
phantomcircuit | which is all you need for marketing it to suckers | 15:05 |
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leakypat | 6:33 AM <fluffypony> it's from seat-of-the-pants investors who think they're going to see many-thousands-of-percent increases in a short space of time | 15:17 |
leakypat | ^ | 15:17 |
fluffypony | also see: Darkcoin/Dash, Maidsafe, Ethereum | 15:17 |
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paavokoya | i am paavo | 19:27 |
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