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| gmaxwell | Taek: I haven't loaded the url; but generall TX POW idea have previously had horiffic problems with progress. | 02:01 |
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| gmaxwell | e.g. the single party with the most POW would win every time. | 02:02 |
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| Taek | gmaxwell: I don't think that's the case here. Miners build multiple branches of txns, and then are allowed merge them by pointing to multiple parents. During a merge, the full POW of both branches is counted, which means heavily merged branches will be able to keep up. | 02:57 |
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| amiller_ | bramc, ahh the response from spacemint is really good... they do deal with that attack, by requiring a commitment to all the space put in the blockchain in advance | 04:38 |
| amiller_ | and only one commitment allowed per 'seed' public key | 04:40 |
| amiller_ | hmmm..... if that fixes the amortizing problem for space proofs, is there a way to do something similar for how we want to use proof-of-sequential-work? | 04:41 |
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| Taek | amiller_: can you link to the spacemint response? | 05:07 |
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| amiller_ | Taek, basically it's explained in page 9, "why add commitments to the chain?" https://eprint.iacr.org/2015/528.pdf | 05:32 |
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| proslogion | hi, how do you really unlock outputs with a compact SPV proof? I meant how do you write the scripts? thanks | 05:44 |
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| gmaxwell | Can people other than me cluestick this person: https://bitcointalk.org/index.php?topic=1377298.msg14208549#msg14208549 | 16:09 |
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| gmaxwell | he's in "no one but you mode", so further responses from me will not be productive. | 16:09 |
| MRL-Relay | [othe] I´ve thrown my btctalk account away after a discussion with annoymint. | 16:10 |
| gmaxwell | [othe] I can understand that completely. | 16:10 |
| fluffypony | lol | 16:12 |
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| gmaxwell | I've banned him from the technical subforum under several names; I'm sorry to hear that I was too slow to keep you around. | 16:14 |
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| fluffypony | oooh you even got a response from the King of the Supernetzzz | 16:17 |
| TD-Linux | gmaxwell, well I can run a benchmark on my apple II if you like :) | 16:18 |
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| fluffypony | kanzure: how do you only have 8 btct posts in 2.5 years? | 16:18 |
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| gmaxwell | yet another person who believes in globally synchronous networks. | 16:23 |
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| fluffypony | gmaxwell: we should sync the mempool, that'll solve it! :-P | 16:25 |
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| GAit | fluffypony: i only have 186 with account from February, 2013 | 16:30 |
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| bsm1175321 | Taek: nice! | 17:08 |
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| bsm1175321 | I've thought a lot about mining single transactions as a means of mining decentralization. In particular, that the tx signature cover a PoW hash, so that only the tx creator can mine it. But then where does the block reward go? To tx aggregators? | 17:11 |
| bsm1175321 | I've got a bit of work left to do on my paper, but I'll push my python code so you can play with incentive models. | 17:11 |
| bsm1175321 | The problem I'm still wrestling with is that the complexity of the reward algorithm is naively O(n^3) (n=size of cohort) because of the need to find a common ancestor and descendant of every tx, so that the reward punishes block withholding. So, it's necessary to keep the cohorts small-ish or use a simpler reward algorithm. | 17:13 |
| bsm1175321 | Taek: Couple more comments: (1) Why not point to all known (non-conflicting) tips with your new tx? Why prioritize any (or omit any?) Pointing to all tips puts the maximum work behind your tx. | 17:17 |
| bsm1175321 | (2) I don't understand your arguments about ordering and reorgs. There's no need to put a total ordering on transactions. The notion of a cohort defines a total ordering (and an analog to blocks) -- this is probably not obvious, need to publish it. (A cohort is defined as a set of tx's such that for ALL tx's in the cohort, they are ALL descendants of the previous cohort and ancestors of the next cohort). | 17:21 |
| bsm1175321 | There are a couple of other equivalent definitions. (For example, take siblings-of-siblings until you have a stable set -- think I used this definition in my talk) | 17:22 |
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| bsm1175321 | (3) Reorgs should only be caused by double-spends or other conflicting transactions. Allocate the block reward by looking in the past far enough that you've seen all possible txs. Bitcoin reorgs are caused because each miner creates his own coinbase txn, and this is a kind of double-spend that causes otherwise identical blocks to conflict. By allocating the coinbase later, there are no reorgs unless there are d | 17:24 |
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| bsm1175321 | And now I'm kind of lost about mid-way through your slides, I think our ideas have diverged. | 17:30 |
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| kanzure | fluffypony: believe it or not, but i am in fact skilled at the art of (intense hyper-dimensional) lurk | 17:48 |
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| --- Log closed Wed Mar 16 00:00:01 2016 | ||
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