Hi all,
We'd like to bring to your attention our recent result concerning HTLC.
Here are the technical report and a short post outlining the main points:
* https://arxiv.org/abs/2006.12031
* https://ittayeyal.github.io/2020-06-22-mad-htlc
Essentially, we find that HTLC security relies on miners
Good morning Itay, Ittay, and Matan,
I believe an unstated assumption in Bitcoin is that miners are short-sighted.
The reasoning for this assumption is:
* Deployment of new mining hardware controlled by others may occur at any time
you do not control.
* Thus, any transactions you leave on the
Hi ZmnSCPxj,
Thank you for taking the time to respond, these are very good points.
Responses inline.
On Tue, Jun 23, 2020 at 12:48 PM ZmnSCPxj wrote:
> Good morning Itay, Ittay, and Matan,
>
> I believe an unstated assumption in Bitcoin is that miners are
> short-sighted.
>
> The reasoning for
Of course the order at the end should have been switched:
Consider first the case where Alice *does not* publish preimage "A": Bob
can safely publish preimage "B" and get both the Deposit and Collateral
tokens after the timeout.
Now, consider the case where Alice *publishes* preimage "A": If Bob
p
