Good morning Prayank,
> 1. Peer 1 doesn't need to be a trusted third party, it can be implemented in
> a way that some peers involved in this system can provide liquidity for
> others and incentives can be a small fee.
It is not clear in the article, but you mention using a 2-of-3, and show 3
=== Abstract ===
Imagine a future where a user Alice has bitcoins and wants to send them
with maximal privacy, so she creates a special kind of transaction. For
anyone looking at the blockchain her transaction appears completely
normal with her coins seemingly going from address A to address B.
Thanks for the feedback.
1. Peer 1 doesn't need to be a trusted third party, it can be implemented in a
way that some peers involved in this system can provide liquidity for others
and incentives can be a small fee.
2. Yes joinmarket is awesome and its payjoin will be
We have been addressing many concepts. Let's try to slowly trim it down
> Reddit claims two entities controlled 62% of the hashrate recently:
> . Compromising the
Thanks for your reply.
You state that once "the entire world" can quickly find a hash that it then
"needs to be changed", but that that "won't happen in a day".
It sounds like you believe compromise of the algorithm as a concern
provides a _lot_ of time to migrate to a new hash
On May 24, 2020, 1:26 PM, at 1:26 PM, Karl via bitcoin-dev
>Thanks for your reply. I'm on mobile so please excuse me for
>I'd like to sort these various points out. Maybe we won't finish the
>discussion, but maybe at least we can update wiki
Good morning Kari,
> > > You mention ASICs becoming commoditized. I'd remind you that eventually
> > > there will be a public mathematical breaking of the algorithm, at which
> > > point all ASICs will become obsolete regardless. Would you agree it
> > > would be better to prepare for this
Good morning Prayank
> I have explained the whole idea with a proof of concept in this link:
The article is not clear I think, so please confirm my understanding below.
* "Peer 3" - Payee