On Sat, Mar 22, 2014 at 12:43:34PM -0700, Mark Friedenbach wrote:
> Btw, any chance we could get a summary description of tree-chains
> posted to bitcoin-development?
Sure:
Introduction
Bitcoin doesn't scale. There's a lot of issues at hand here, but the
most fundemental of them is
On Tue, Mar 25, 2014 at 8:28 AM, Peter Todd wrote:
> Bitcoin doesn't scale. There's a lot of issues at hand here, but the
> most fundemental of them is that to create a block you need to update
> the state of the UTXO set, and the way Bitcoin is designed means that
> updating that state requires
On Tue, Mar 25, 2014 at 08:28:51AM -0400, Peter Todd wrote:
> On Sat, Mar 22, 2014 at 12:43:34PM -0700, Mark Friedenbach wrote:
> > Btw, any chance we could get a summary description of tree-chains
> > posted to bitcoin-development?
>
> Sure:
>
> Introduction
>
BTW for those whose e
This *could* be a useful feature, but only if it's generalizable to
other processor architectures, and **in particular** has an implementation
using dedicated silicon that has a **public** open-source hardware layout,
so you can X-ray the chip, and confirm with a thermal imager that yes, the
encryp
Y'all are getting deep into tinfoil-wearing-hat-conspiracy-theory territory.
If you are worried about the NSA compromising your hardware or software,
then use multisig transactions and
sign on diverse hardware/software stacks. Generate the multiple private
keys on different hardware/software
stack
On Tue, Mar 25, 2014 at 08:45:00AM -0400, Gavin Andresen wrote:
> On Tue, Mar 25, 2014 at 8:28 AM, Peter Todd wrote:
>
> > Bitcoin doesn't scale. There's a lot of issues at hand here, but the
> > most fundemental of them is that to create a block you need to update
> > the state of the UTXO set,
A few months ago I had a conversation with an executive at a Bitcoin
company, and I suggested their developers should get involved with the
development list. I was told that they are all subscribed but refuse to
post. Puzzled, I asked why, maybe the process isn't clear or we didn't talk
about what
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For the record, tree chains is designed to be a soft-fork upgrade to bitcoin,
at least if we can get the economics to work out. Assuming it does, you would
do this by defining bitcoin itself to be the top level chain, and carrying what
appear to b
On Tue, Mar 25, 2014 at 9:49 AM, Peter Todd wrote:
> For someone with 'Chief Scientist' as their job title, I'm surprised you
> think so little of hard evidence and so much of idol worshipping.
Peter, take this unprofessional, personal crap off-list.
Mike's anecdote of hostility is not an isolat
I would echo the need for some kind of moderation.
I believe Peter Todd is an extremely intelligent individual, who has a
lot to offer the Bitcoin community. He has a firm grasp of a lot of
really deep Bitcoin concepts and his *technical* insight is generally
positive. Technically. But the way
I fully agree, please keep friendly environment on this list. Btw I also
met people who were making fun about Peter's reactions on bitcoin-dev.
slush
On Tue, Mar 25, 2014 at 7:02 PM, Alan Reiner wrote:
> I would echo the need for some kind of moderation.
>
> I believe Peter Todd is an extremel
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OK, deal. You guys stop calling my concerns FUD, accusing me of having ulterior
motives, etc. and I'll pay the same respect to you.
On 25 March 2014 14:13:36 GMT-04:00, slush wrote:
>I fully agree, please keep friendly environment on this list. B
2014-03-25 13:49 GMT+00:00 Peter Todd :
> On Tue, Mar 25, 2014 at 08:45:00AM -0400, Gavin Andresen wrote:
>> On Tue, Mar 25, 2014 at 8:28 AM, Peter Todd wrote:
>>
>> > Bitcoin doesn't scale. There's a lot of issues at hand here, but the
>> > most fundemental of them is that to create a block you n
I'm afraid I'm going to be the jerk that requested more details and then
only nitpicks seemingly minor points in your introduction. But its
because I need more time to digest the contents of your proposal. Until
then:
> But moving value between chains is inconvenient; right now moving
> value requ
Peter,
I think you and I both know there is WAAYY to much MONEY to be taken
from naive end-users by the companies that employ people who call
your concerns FUD.
And for everyone else, I want to apologize in advance for anything
I might happen to say that might be abrasive, arrogant, angry, or
'i
On Tue, Mar 25, 2014 at 08:40:40PM +, Ricardo Filipe wrote:
> 2014-03-25 13:49 GMT+00:00 Peter Todd :
> > On Tue, Mar 25, 2014 at 08:45:00AM -0400, Gavin Andresen wrote:
> >> On Tue, Mar 25, 2014 at 8:28 AM, Peter Todd wrote:
> >>
> >> > Bitcoin doesn't scale. There's a lot of issues at hand h
Introduction
In the wake of the Mt. Gox debacle merkle-sum-trees for
proof-of-reserve(1) have been getting attention again. A serious
objection to using them is exchange privacy as the merkle-sum-tree
inherently reveals the sum total of all deposits held by a given
service. A second,
On Mon, Mar 24, 2014 at 01:57:14PM -0700, Mark Friedenbach wrote:
> On 03/24/2014 01:34 PM, Troy Benjegerdes wrote:
> > I'm here because I want to sell corn for bitcoin, and I believe it will be
> > more profitable for me to do that with a bitcoin-blockchain-based system
> > in which I have the cap
On Tue, Mar 25, 2014 at 2:03 PM, Mark Friedenbach wrote:
> More importantly, to your last point there is absolutely no way this
> scheme can lead to inflation. The worst that could happen is theft of
> coins willingly put into the pegging pool. But in no way is it possible
> to inflate the coin su
Troy Benjegerdes wrote:
> Mark Friedenbach wrote:
>> Bitcoin is not a centralized system, and neither is its development. I
>> don't even know how to respond to that. Bringing up altchains is a total
>> red herring.
>>
>> This is *bitcoin*-development. Please don't make it have to become a
>> moder
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