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| JackH | kanzure : https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/htmlview?usp=sharing&sle=true | 05:48 |
|---|---|---|
| JackH | for you | 05:48 |
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| bsm117532 | Going to relay a private question here because I think the answer may be of interest to others: | 07:44 |
| bsm117532 | "am I right in understanding that your braid idea is implementable as a sufficiently elaborate softfork?" | 07:44 |
| bsm117532 | It can't be done as a soft fork. It can be added as a soft fork (and I'm thinking about making an alternative to p2pool that uses braids, and would be a p2p mining pool). But at some point we would have to dump the old, huge bitcoin blocks in favor of beads, and change how coinbases are calculated. At this point it's a hard fork. | 07:45 |
| bsm117532 | So there are three phases: (1) Bitcoin as it is now, (2) bitcoin + merge-mined braid, (3) braid only. 1->2 is a soft fork, 2->3 is a hard fork. | 07:45 |
| bsm117532 | But once phase 2 is in progress, we can wait until very near 100% of nodes have upgraded. | 07:45 |
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| Taek | as long as there is still work being done, you could definitely do it as a soft-fork | 07:45 |
| bsm117532 | This 3-phase description is true for basically any "smaller-faster underlayer" that improves Bitcoin's scalability. | 07:46 |
| Taek | but it would be elaborate | 07:46 |
| bsm117532 | Taek: the big hard-fork change is the requirement that blocks can't allocate their own coinbases, they have to be allocated 100 blocks later, when the existence of siblings/orphans can be known by everyone. | 07:47 |
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| bsm117532 | Along with that comes a new incentive model that e.g. destroys selfish mining (because one can identify block withholding from the structure of the braid). | 07:48 |
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| Taek | I'm pretty sure you can still softfork the coinbase change. Force miners to set their coinbase to anyone-can-spend, and then add the rules for who is allowed to spend it based on the structure of the braid | 07:50 |
| Taek | the anyone-can-spend will be blocked until time has passed | 07:50 |
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| bsm117532 | Taek: wouldn't that create forks from old clients who spend the anyone-can-spend in a different way than specified by the braid? | 07:51 |
| bsm117532 | I believe soft forks can only rely on anyone-can-pay, not anyone-can-spend? | 07:51 |
| Taek | old nodes recognize the outputs as anyone-can-spend, and new nodes recognize that those outputs are illegal unless certain criteria are met. Old nodes are reduced to SPV security on the anyone-can-spend outputs because they can't recognize when one has been spent illegally. But new nodes will ignore blocks that spend them incorrectly, allowing new rules to be enforced on those outputs. | 07:54 |
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| bsm117532 | But anyone can then create a fork by trying to spend the 25 BTC on an old node. | 07:56 |
| bsm117532 | Of course as long as >50% of the hashing power is making braid-compatible blocks, the old node will abandon these as orphans. | 07:57 |
| bsm117532 | Hmmm... | 07:57 |
| bsm117532 | I'm gonna have a little dance party right here in my office if this can really be done as a soft fork. That would be amazing! | 07:58 |
| Taek | it works because >50% of the hashpower is enforcing the new rules | 07:58 |
| Taek | if you don't get that, you can't do a soft-fork | 07:58 |
| bsm117532 | I see. | 07:58 |
| bsm117532 | But to move beyond the block size constraint is still a hard fork. No? | 08:00 |
| adlai | bsm117532: of course blocks can allocate coinbases... cf p2pool | 08:00 |
| bsm117532 | e.g. the braid contains 2MB of tx...checkpointing to a 1MB block won't work. | 08:00 |
| bsm117532 | adlai: the difficulty is enforcing that that coinbase matches the braid, for nodes that don't see the braid. I think Taek has it right above and that part can be a soft fork. | 08:01 |
| Taek | it will work, but it will be lossy. As time continues, old nodes will have a less and less complete picture of what the network looks like, with most of the money being held in anyone-can-spend outputs that they don't understand | 08:01 |
| Taek | you can hide the entire history of an anyone-can-spend by just not putting the later txns into the 1mb block. But then to someone who doesn't have the full history, the motion of the anyone-can-spend outputs becomes increasingly incomprehensible | 08:02 |
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| bsm117532 | Wait. Can't you do that with the block size too? Create one anyone-can-spend and one anyone-can-pay output that corresponds to the contents of an extension block. | 08:04 |
| bsm117532 | (corresponds to the net) | 08:04 |
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| adlai | bsm117532: miners "have" to validate soft-forks if a hashpower majority considers blocks that don't validate the soft-fork invalid | 08:06 |
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| adlai | ie, a hashpower majority agrees to validate blocks with an additional rule that pays out coinbase reward to the recipients of orphaned blocks... eventually all miners have to validate this, because if they orphan a block without sharing the reward, the majority will share the reward in a block that orphans the non-sharer | 08:08 |
| Taek | bsm117532: yes, you can raise the blocksize by an arbitrary amount using a softfork. But in doing so you basically require all SPV wallets to reimplement their logic. | 08:08 |
| bsm117532 | Yep I see. Soft fork relies on hashpower majority to enforce new rules. | 08:08 |
| bsm117532 | Taek: can you elaborate on that point? | 08:08 |
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| bsm117532 | Braids have serious implications for SPV wallets that I haven't even begun to think about... | 08:09 |
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| bsm117532 | Adam Back on this: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-May/008356.html | 08:12 |
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| bsm117532 | And BIP102 softfork: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/012153.html | 08:14 |
| kanzure | .title | 08:14 |
| yoleaux | [bitcoin-dev] An implementation of BIP102 as a softfork. | 08:14 |
| kanzure | .title | 08:14 |
| yoleaux | [bitcoin-dev] An implementation of BIP102 as a softfork. | 08:14 |
| kanzure | oh. | 08:14 |
| kanzure | .title https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-May/008356.html | 08:14 |
| yoleaux | [Bitcoin-development] soft-fork block size increase (extension blocks) Re: Proposed alternatives to the 20MB stepfunction | 08:14 |
| kanzure | for an overview of various soft-fork subtypes see http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/012173.html | 08:15 |
| bsm117532 | The hard/soft fork conversation is usually so violent and often nonsensical that I've largely avoided paying attention. :-/ | 08:16 |
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| Taek | forks are pretty awful in general. segwit is honestly pretty convoluted, the type of thing that would make a newbie in 5 years go 'seriously, WTF, who designed this?', which is the same reaction I had when learning about how bootloaders work for computers. And while I do think segwit is the best course of action, it would be really awesome to just start completely from scratch and design something that incorporated all of our new knowledge | 08:21 |
| Taek | and maybe in 5 years, when we've learned even more, it will make sense to actually do that. Maybe not | 08:22 |
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| bsm117532 | Taek: I totally agree. (Once wrote a bootloader myself...) That's why my perspective on braids is to figure out the "right" way to do it first, and then figure out how to shoe-horn it in second. | 08:23 |
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| bsm117532 | There's always an upgrade path to a new coin by proof-of-burn. | 08:24 |
| Taek | or just a two-way-peg | 08:24 |
| bsm117532 | Yeah. | 08:24 |
| bsm117532 | Because these are fungible assets I'm less concerned about forking and more concerned about making a good design. | 08:24 |
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| el33th4x0r | Just curious (and also testing my new irc client): Has any altcoin ever used proof of burn? | 08:33 |
| bsm117532 | el33th4x0r: many. | 08:33 |
| bsm117532 | CounterParty for one. | 08:34 |
| Taek | dogecoin and dogeparty was a very hyped 1-way-peg | 08:34 |
| kanzure | also depends on whether you consider "using existing bitcoin blockchain as starting point" as proof-of-burn (everyone burned simultaneously? dunno). i think tonal bitcoin qualifies for this? | 08:34 |
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| Taek | There's an entire psudeoscience in the altcoin world around the idea of 'fair coin distirbution'. Lots of stuff to read, though most of it is likely to be garbage | 08:36 |
| el33th4x0r | How did CounterParty use PoB? | 08:36 |
| bsm117532 | https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr | 08:36 |
| bsm117532 | for a period of time, if you sent BTC to that unspendable address, XCP would be created. | 08:37 |
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| el33th4x0r | Interesting, i vaguely remember this now. | 08:38 |
| MrHodl | bip47 in use :) https://blockchain.info/address/1JDdmqFLhpzcUwPeinhJbUPw4Co3aWLyzW | 08:41 |
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| zookolaptop | Dear wizards: the Zcash (formerly Zerocash, formerly Zerocoin) project is close to releasing public alpha software. Contact me if you are interested or want to help! | 09:04 |
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| MRL-Relay | [shen] zookolaptop - definitely looking forward to checking it out, been wondering how the setup phase works with mining | 09:13 |
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| zookolaptop | Where is MRL-Relay relaying from? | 09:18 |
| MRL-Relay | [shen] I'm on the monero research labs irc server | 09:18 |
| MRL-Relay | [shen] fluffypony set it up, not quite sure how it works actually | 09:19 |
| fluffypony | zookolaptop: it's relaying from the MRL private IRC server | 09:19 |
| fluffypony | (Freenode is wonky with Tor of late) | 09:20 |
| zookolaptop | fluffypony: oh yeah. | 09:20 |
| zookolaptop | How can I communicate with you privately, shen? email me? zooko@z.cash | 09:20 |
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| MRL-Relay | [shen] sure | 09:23 |
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| bsm117532 | Hahaa cool url zooko. z.cash. | 09:43 |
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| kang_ | What do you call the 'blockchain(distributed ledger) + proof-of-work' protocol/algorithm? A better name than DMMS?? | 10:18 |
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| kang_ | Sorry if the question is too stupid, let me know, but when people say blockchains they mean distributed ledger excluding (more like not caring) proof-of-work | 10:19 |
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| kanzure | kang_: nakamoto consensus? | 10:19 |
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| sean__ | what can go wrong if transaction validity is sensitive to a reorg? | 10:33 |
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| sean__ | (a tx is valid, reorg occurs, tx is no longer valid) | 10:33 |
| sean__ | i've heard this is bad but i'm curious about the details | 10:33 |
| gwillen | sean__: well, it means that someone could receive a transaction, see confirmations for it, treat it as valid, and then have it become invalid later, which wouldn't be great | 10:34 |
| gwillen | but I think that's not the whole answer, because in practice, transaction validity _can_ change in a reorg, e.g. because some other conflicting transaction gets confirmed insteda | 10:35 |
| gwillen | because big reorgs really aren't supposed to happen at all | 10:35 |
| kang_ | kanzure: Calling it Nakamoto Consensus fixes it to have POW | 10:37 |
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| kang_ | kanzure: calling it cryptocurrency, fixes the token to be a currency | 10:37 |
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| kang_ | kanzure: Calling it blockchain, does not care about proo-of-work and origin of money in general | 10:38 |
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| kang_ | DMMS is the only thing that fits. But then is digital signature a protocol or an algorithm? | 10:40 |
| nwilcox | gwillen> sean__: well, it means that someone could receive a transaction, see confirmations for it, treat it as valid, and then have it become invalid later, which wouldn't be great | 10:44 |
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| nwilcox | This is still the case even if transaction validity is not sensitive to reorgs. | 10:44 |
| gwillen | nwilcox: right, see my followup | 10:45 |
| nwilcox | I see. | 10:45 |
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| nwilcox | So is this a case of just reducing the probability of reorgs invalidating transactions, or does it also address a distinct problem? | 10:45 |
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| bsm117532 | A big reorg would occur if there was a network partition that separated miners for a long period of time. | 10:46 |
| nwilcox | Oh... so one issue about a conflicting transaction invalidating another in a reorg is that the secret key holder must opt-in to that possibility. | 10:46 |
| nwilcox | So, as an example rule that introduces reorg sensitivity: this txn cannot be mined at height > H. | 10:48 |
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| nwilcox | That rule might be an attempt at txn expiry, but it also introduces reorg sensitivity. | 10:49 |
| nwilcox | A miner may maliciously attempt a reorg specifically to inalidate such a txn and ... Oh... In this specific case the secret key holder is still opting in by using the "height limit opcode" or whatever it is. | 10:49 |
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| nwilcox | Ok, so if there's a new consensus rule that all txns *must* specify some height H at which they may not longer be mined so that it's no longer opt-in by the txn creator... | 10:51 |
| adlai | kang_: how else [than PoW] do you propose making signature membership dynamic? maybe the day PoS/etc become viable, Nakamoto Consensus will extend to include such Proofs of Expenditure | 10:52 |
| * adlai is talking about proofs-of-storage, a la bramc | 10:52 | |
| tromp_ | could also be called PoC (proof of capacity) to avoid acronym conflict | 10:53 |
| adlai | proof of concept >_> | 10:54 |
| tromp_ | or PoD (proof of diskspace) | 10:54 |
| adlai | how about we just stop treating recursive proofs (simulatable without external cost) as a Proof of Anything | 10:55 |
| adlai | although you could always make proof-of-stake-in-other-chain (for eg sidechains) | 10:56 |
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| kang_ | adlai: Yes you are right. I am just talking nomenclature here, to avoid academic confusion. If other systems become viable & Nakamoto Consensus by definition would extend to include them, then we would need a new term for 'blockchain+pow' | 11:05 |
| adlai | the chain of [merkle] hashed blocks remains regardless of the PoE method | 11:05 |
| adlai | oh. ehh nakamoto-chain (hyphenated!) | 11:06 |
| kang_ | Right. DMMS is what it should be called? | 11:07 |
| adlai | DMMS has less to do with the content being signed, nakamoto was rather specific about its purpose | 11:07 |
| kang_ | Right. Since I want to include token for any purpose (not just currency) DMMS would be the right name | 11:08 |
| adlai | bitmessage with stacking PoW would be interesting... your reply's PoW contributes to that of its antecedent | 11:10 |
| kang_ | adlai: Its like blockchain, with one transaction (the message) per block) | 11:10 |
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| adlai | if I make a 5-day-PoW reply to a 5-day-PoW message, the original {c,sh}ould live twice as long | 11:12 |
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| adlai | messages don't all have to be linear, at a certain point you want to "abandon thread" to avoid getting orphaned by diskspace conservatists | 11:13 |
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| adlai | bsm117532: re:blocksize, you can always soft-fork down the size of each block once scalability overflows to off-chain solutions. then stick <=N orphans inside your blocks, for an N-fold reduction (roughly speaking, ignoring constant overheads) | 11:19 |
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| bsm117532 | Do you mean increase? | 11:21 |
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| adlai | nope. decrease the size of each individual node in the bead, and you can fit more nodes in each valid Bitcoin block | 11:23 |
| adlai | "1MB should be enough for everybody" | 11:24 |
| adlai | it's not like you need to support more than ~N orphans anyway (insufficient data for meaningful Nswer) | 11:25 |
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| adlai | hmm. but if you're not including orphaned beads,can you fill the space with additional txs? this may skew incentives, since it makes your block unusable as a bead | 11:27 |
| adlai | simplest to reduce for all of them; seems rational too, as it increases the likelihood your orphaned block becomes an included bead | 11:28 |
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| bsm117532 | adlai: Yes the idea is to have *much* smaller beads than blocks, and much faster too. You want the bead rate to be less than the transit time across the network, because the existence of siblings/orphans is what gives you a measure of who is following incentives correctly and who may be withholding blocks. | 12:32 |
| bsm117532 | Since the size of the network is ~1s and 1MB/600 = 1.6kb we're getting down to one-transaction per bead. | 12:33 |
| bsm117532 | I like the mine-every-transaction model from a mining decentralization perspective. | 12:33 |
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| tromp_ | I like it from a "let's use a more CPU friendly PoW" perspective:) | 12:51 |
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| bsm117532 | tromp_: I'd say let submitters CPU mine their own transaction -- it's not worth anything in BTC but it becomes relay DDoS protection at that point, or a way to pay your own fees. | 12:54 |
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| tromp_ | indeed, PoW's original motivation was in spam/flood control | 12:55 |
| r0ach | when users mine their own transactions, the central point of failure is what percent the algo is sped up by specialized hardware and if over a certain percent, then it becomes centralized by Amazon warehouses processing transactions and you're back to square one? | 12:56 |
| tromp_ | no, amazon warehouses won't be used if not profitable | 12:57 |
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| r0ach | I meant amazon warehouses as in size of scale, while using specialized hardware, not actual commodity cpus | 12:58 |
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| bsm117532 | One would end up with tiers of miners. I don't want to accept your crappily-mined transaction, so someone else would end up mining it further for you, maybe a service provider... | 12:58 |
| bsm117532 | Which gets me on to a topic that keeps popping up -- how to combine multiple PoW's in a compact way? | 13:00 |
| tromp_ | if you have k independent PoW proofs, then you expect one of them to beat a k times tighter difficulty threshold | 13:01 |
| tromp_ | so that one can be taken to represent the work of the whole group | 13:02 |
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| bsm117532 | tromp_ that's the algorithm I keep falling down to. It has the nice property that it follows Poisson statistics too. I keep having this inkling that there's something wrong and there's another way to do it though... | 13:05 |
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| bsm117532 | The problem is to not only find the best PoW for a subset, but also pay all the other miners... | 13:06 |
| bsm117532 | If you only take the best one, then the guy with the best hash could in principle steal transactions from the more weakly mined beads... | 13:06 |
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| tromp_ | you can choose to reward weak blocks. instead of reward R for difficulty D, have R/3 for D, R/30 for D/10, and R/300 for D/100 for instance. same total reward | 13:09 |
| bsm117532 | Why doesn't the stronger miner just take all the tx's out of the weak block and call them his own? | 13:10 |
| tromp_ | i was assuming block rewards and negligable tx fees | 13:10 |
| bsm117532 | tromp_ that's easy, I'm concerned about tx fees. | 13:12 |
| r0ach | People can't improve on Bitcoin because it's probabalistic with low fault tolerance and high fault recovery while people want to design and evaluate security in a binary manner. | 13:19 |
| r0ach | who wants to ship something out of the door that they know is going to fail | 13:19 |
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| wqeq | BITCOIN CASINO FOR SALE Some of the features are: Bitcoin Faucet Game analytics Jackpot Events Bot players Realtime messaging Ads Support MORE INFO AT http://bitcoinplay.xyz There is also a DEMO site UP, so feel free and test it out. | 13:25 |
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| bsm117532 | I find that my use of "orphan" disagrees with the bitcoin.org glossary. What I've been calling an orphan is defined as a stale block by them. No one has complained about my use of the word though. Would people prefer to call valid, non-main-chain blocks "orphans" or "stale blocks"? | 14:14 |
| bsm117532 | Maybe "eunuch" would be better, since they have parents but can't have children! ;-) | 14:15 |
| kanzure | yes, people have complained about stale/orphan conflation in here | 14:19 |
| kanzure | an some of us (including myself) have continued to ignore this problem because $reasons | 14:19 |
| kanzure | *and some of us | 14:19 |
| bsm117532 | bitcoin wiki also defines "extinct blocks"... | 14:20 |
| bsm117532 | I really like the utility of the family analogy when talking about braids, so I think I'm going to stick with "orphan" unless someone screams loudly... | 14:21 |
| Taek | bsm117532: the stale/orphan debate went the way of the 'I'm literally dying of excitement' debate. For a while people tried to get others to use the words as defined, but ultimately the collquial definition prevailed. 'Orphan' is now synonymous with 'Stale', and if you specifically mean orphan by the old definition, you'll need to find some other way to express yourself | 14:22 |
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| bsm117532 | Ok, a footnote will take care of this. thanks guys. | 14:23 |
| bsm117532 | Orphan as originally defined must be a very rare occurrence indeed. | 14:24 |
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| kanzure | maybe "reorg causalty" | 14:26 |
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| bsm117532 | Hey I've already got incest in my paper, let's not add dead children! | 14:30 |
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