From: Wendell <w@grabhive•com>
To: Peter Todd <pete@petertodd•org>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] SPV bitcoind? (was: Introducing BitcoinKit.framework)
Date: Wed, 17 Jul 2013 15:37:41 +0200 [thread overview]
Message-ID: <3DB67FAF-E113-47FE-9043-C22D0F5A4F4A@grabhive.com> (raw)
In-Reply-To: <20130717105853.GA10083@savin>
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Peter,
This sounds like a _very_ good idea for a desktop client, and probably acceptable to users so long as we take available disk space into consideration, and only ever use a fraction of it.
Will you implement this?
-wendell
grabhive.com | twitter.com/grabhive
On Jul 17, 2013, at 12:58 PM, Peter Todd wrote:
> So what's useful about that? Basically it means your node starts with
> the same security level, and usefulness to the network, as a SPV node.
> But over time you keep downloading blocks as they are created, and with
> whatever bandwidth you have left (out of some user-configurable
> allocation) you download additional blocks going further and further
> back in time. Gradually your UTXO set becomes more complete, and over
> time you can verify a higher and higher % of all valid transactions.
> Eventually your node becomes a full node, but in the meantime it was
> still useful for the user, and still contributed to the network by
> relaying blocks and an increasingly large subset of all transactions.
> (optionally you can store a subset of the chain history too for other
> nodes to bootstrap from) You've also got better security because you
> *are* validating blocks, starting off incompletely, and increasingly
> completely until your finally validating fully. Privacy is improved, for
> both you and others, by mixing your transactions with others and adding
> to the overall anonymity set.
>
> In the future we'll have miners commit a hash of the UTXO set, and that
> gives us even more options to, for instance, have relayed transactions
> include proof that their inputs were valid, allowing all nodes to relay
> them safely.
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next prev parent reply other threads:[~2013-07-17 14:07 UTC|newest]
Thread overview: 37+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-07-15 10:07 [Bitcoin-development] Introducing BitcoinKit.framework Wendell
2013-07-15 13:19 ` Mike Hearn
2013-07-15 14:39 ` Wendell
2013-07-15 15:48 ` Mike Hearn
[not found] ` <3E7894A0-06F3-453D-87F8-975A244EBACF@include7.ch>
2013-07-15 20:08 ` Mike Hearn
[not found] ` <2BDA0943-22BB-4405-9AF0-86FB41FD04A6@include7.ch>
2013-07-16 9:21 ` Mike Hearn
[not found] ` <2F20A509-13A9-4C84-86D7-A15C21BACD53@include7.ch>
2013-07-16 9:51 ` Mike Hearn
2013-07-16 10:17 ` Wendell
2013-07-16 10:59 ` Mike Hearn
2013-07-16 14:16 ` [Bitcoin-development] SPV bitcoind? (was: Introducing BitcoinKit.framework) Wendell
2013-07-16 15:09 ` Mike Hearn
2013-07-17 10:58 ` Peter Todd
2013-07-17 12:29 ` Mike Hearn
2013-07-17 14:32 ` [Bitcoin-development] SPV bitcoind? Andreas Schildbach
2013-07-17 19:32 ` Mike Hearn
2013-07-18 12:13 ` [Bitcoin-development] SPV bitcoind? (was: Introducing BitcoinKit.framework) Peter Todd
2013-07-18 13:18 ` Peter Todd
2013-07-18 13:38 ` Mike Hearn
2013-07-17 13:37 ` Wendell [this message]
2013-07-17 14:31 ` Michael Gronager
2013-07-17 14:58 ` Wendell
2013-07-17 19:33 ` Mike Hearn
2013-07-17 22:26 ` Michael Gronager
2013-07-17 23:04 ` Gregory Maxwell
2013-07-18 8:19 ` Mike Hearn
2013-07-18 11:40 ` Bazyli Zygan
2013-07-18 13:03 ` Michael Gronager
2013-07-18 13:16 ` Michael Gronager
2013-07-18 16:22 ` Peter Todd
2013-07-18 16:46 ` Wendell
2013-07-18 23:03 ` Peter Todd
2013-07-21 15:55 ` [Bitcoin-development] Introducing BitcoinKit.framework Pieter Wuille
2013-07-21 17:20 ` Mike Hearn
2013-07-22 13:08 ` Mike Hearn
[not found] <mailman.108889.1374064174.4583.bitcoin-development@lists.sourceforge.net>
2013-07-17 12:37 ` [Bitcoin-development] SPV bitcoind? (was: Introducing BitcoinKit.framework) Tamas Blummer
2013-07-17 12:50 ` Peter Todd
2013-07-17 13:56 ` Mike Hearn
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