Re: [bitcoin-dev] Scaling and anonymizing Bitcoin at layer 1 with client-side validation

2023-06-14 Thread Dr Maxim Orlovsky via bitcoin-dev
Hi Peter, Thank you for your comments. My replies are below: > The section describing this timestamping service simply isn't detailed enough > to understand what the timestamping service is exactly. Also, I strongly > suspect you are misusing the term "timestamping" to refer to something >

Re: [bitcoin-dev] Scaling and anonymizing Bitcoin at layer 1 with client-side validation

2023-06-05 Thread Peter Todd via bitcoin-dev
On Thu, Jun 01, 2023 at 05:21:39PM +, Dr Maxim Orlovsky via bitcoin-dev wrote: > Dear community, > > Some time ago we (LNP/BP Standards Association) announced the release of RGB > smart contract system [1]. In the subsequent discussion, we have referenced > [2] that the introduction of

Re: [bitcoin-dev] Scaling and anonymizing Bitcoin at layer 1 with client-side validation

2023-06-03 Thread Dr Maxim Orlovsky via bitcoin-dev
Hi John, Thank you for the question. We have discussed this case in the paper, second paragraph of the “Bitcoin PoW Anchoring” Section: > If a party spends current miner single-use-seal without creating a commitment > - or committing to a header without sufficient PoW, such closing is >

Re: [bitcoin-dev] Scaling and anonymizing Bitcoin at layer 1 with client-side validation

2023-06-03 Thread John Tromp via bitcoin-dev
> The white paper describing the proposal can be found here: > https://github.com/LNP-BP/layer1/ Some questions about the Bitcoin PoW anchoring: What if a miner spends the current miner single-use-seal while creating a commitment, but makes the PMT only partially available, or entirely

[bitcoin-dev] Scaling and anonymizing Bitcoin at layer 1 with client-side validation

2023-06-02 Thread Dr Maxim Orlovsky via bitcoin-dev
Dear community, Some time ago we (LNP/BP Standards Association) announced the release of RGB smart contract system [1]. In the subsequent discussion, we have referenced [2] that the introduction of client-side validation has the potential for upgrading Bitcoin layer 1 - blockchain, which has