2015-12-16.log

--- Log opened Wed Dec 16 00:00:38 2015
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jl2012What is the main obstacles of committing the UTXO set in every block? Because it takes too long to calculate the hash?01:49
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bsm117532jl2012: Yes.06:25
jl2012thanks06:26
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TaekThere's more to it. It's a lot of code complexity, and there are a lot of different ways to approach the problem06:31
Taekalso, it's really only useful for SPV security06:31
Taeknot that we shouldn't enhance SPV security, but the amount of effort + risk required to pull off utxo commitments didn't really match the reward06:32
Taekafaik there have been a lot of people that have worked on it more than a trivial amount, but nobody has presented a full solution yet06:32
instagibbsbramc is the latest to take a whack at it. Apparently there are lots of design tradeoffs to be considered.06:37
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jl2012has anyone considered a delayed utxo commitment? For example, block X will commit to the utxo of block X-8, so that will provide enough time to calculate the hash06:46
sipayes06:46
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sipa:)06:46
sipaimho it's the only type of utxo commitment that is viable to implement in the short term06:47
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jl2012ok, I have a draft for that already and obviously I reinvent some exisiting idea again.06:47
sipai was even thinking about only one commitment every day or week, and commit to the state one day or week back06:48
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jl2012similar idea here..... my idea is to have commitment every 8 blocks, and have spent TXO commitment in every block06:50
jl2012so a relatively compact proof could be generated for any fraud for every block06:51
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instagibbswhat's the relative cost of validating *txo commitments vs constructing in the most recent schemes?07:23
sipa?07:23
instagibbsso im a miner, i receive a block with utxo commitment from 144 blocks ago07:24
instagibbsi have to validate it before mining on top(?)07:24
instagibbsso the miner who creates the block is able to take its time to construct it, but everyone validating doesn't?07:25
sipayes, every full node will need to do that07:25
sipano, he has 144 blocks time to compute it07:25
sipaand so does everyone else07:25
instagibbsoh.... yes07:25
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instagibbseveryone constructs the tree for every arriving block then in case a commitment is made07:26
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* instagibbs still waiting for a nice txo wiki as I'm way behind07:28
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jl2012instagibbs: check https://8333.info later. I'm trying to collect these idea07:34
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bramcHere's an encouraging piece of trivial: Mining rewards are handed out at about the same rate that the public spends money on Paris Hilton perfume.19:05
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trompnot looking forward to seeing Paris launch Hiltcoin19:28
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