Re: [bitcoin-dev] On a new community process to specify covenants

2022-07-26 Thread Antoine Riard via bitcoin-dev
Hi Zeeman, So on the first concern of using an "economic simulation" or sidechains/other cryptocurrencies to gather feedback about interest of Script extensions, I wonder about the value transitivity of such a process to measure consensus. Namely, if you have asset X picked up in system A, it

Re: [bitcoin-dev] On a new community process to specify covenants

2022-07-26 Thread Antoine Riard via bitcoin-dev
What would be the canonical definition and examples of capabilities in the Bitcoin context ? In anycase, I believe it would be better to start a covenant process from the use-cases in themselves, and analyse the trade-offs of any set of contracting primitives, or even new Bitcoin fields if

Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary

2022-07-26 Thread Erik Aronesty via bitcoin-dev
even with zero block reward and minimal fees, large holders who perform zero transactions will still mine in order to preserve the value of the network this is not "mining your own tx", it is unrelated this is "mining at a small loss to preserve your stake" not only don't we need issuance or

Re: [bitcoin-dev] On a new community process to specify covenants

2022-07-26 Thread Antoine Riard via bitcoin-dev
Hi aliashraf, Well, reading the excerpt you're pointing to, I'm using the term "high standard" and deliberately not best practice. I hope with the increase in the funds at stakes in the ecosystem and the growth in the technical complexity, we'll set higher and higher standards in terms of Bitcoin

[bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-26 Thread Aaradhya Chauhan via bitcoin-dev
I know this might be a sort of repetition for a previous question, but I do want to know from enthusiasts in this group that while Bitcoin was trading at much lower price in its early days, 1 sat/vB was a good dust protection measure. But now, I think it's a bit high for merely a dust protection

[bitcoin-dev] Discussion about message verification draft BIP

2022-07-26 Thread Ali Sherief via bitcoin-dev
Hi guys, I have created a discussion thread for my draft BIP related to message verification on BitcoinTalk: https://bitcointalk.org/index.php?topic=5407517.0 Feel free to read it and contribute if you wish. - Ali ___ bitcoin-dev mailing list

Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-26 Thread alicexbt via bitcoin-dev
Hi Aaradhya, > As it's not a consensus rule, I think it can be done easily, just needing > support from full node operators A few miners will need to use a lower minrelaytxfee for this to work. I don't think miners would want to lower their profits. /dev/fd0 Sent with [Proton

Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-26 Thread Peter Todd via bitcoin-dev
On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev wrote: >Hi Aaradhya, > >> As it's not a consensus rule, I think it can be done easily, just needing >> support from full node operators > >A few miners will need to use a lower minrelaytxfee for this to work. I don't >think

Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-26 Thread Peter Todd via bitcoin-dev
On Tue, Jul 26, 2022 at 01:56:05PM +0530, Aaradhya Chauhan via bitcoin-dev wrote: > I know this might be a sort of repetition for a previous question, but I do > want to know from enthusiasts in this group that while Bitcoin was trading > at much lower price in its early days, 1 sat/vB was a good

Re: [bitcoin-dev] BIP Proposal: Receiving and Change Derivation Paths in a Single Descriptor

2022-07-26 Thread Pavol Rusnak via bitcoin-dev
Thanks Andrew for this BIP. We've been already using this for quite some time for Trezor in production. Just one clarification: Should , , ... also work or we only aim to support only tuples of exactly two values? On Tue, 26 Jul 2022 at 23:51, Andrew Chow via bitcoin-dev <

[bitcoin-dev] BIP Proposal: Receiving and Change Derivation Paths in a Single Descriptor

2022-07-26 Thread Andrew Chow via bitcoin-dev
Hi All, I would like to propose a BIP that de-duplicates and simplifies how we represent descriptors for receiving and change addresses. Under the existing BIPs, this requires two descriptors, where the vast majority of the descriptors are the same, except for a single derivation path element.

Re: [bitcoin-dev] On a new community process to specify covenants

2022-07-26 Thread Bram Cohen via bitcoin-dev
On Mon, Jul 25, 2022 at 8:21 PM Antoine Riard wrote: > What would be the canonical definition and examples of capabilities in the > Bitcoin context ? > Payments into vaults which can only be accepted by that vault and are guaranteed to be subject to the vault's restrictions (the vault has a

Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary

2022-07-26 Thread Jaroslaw via bitcoin-dev
"large holders who perform zero transactions will still mine in order to preserve the value of the network" let me slightly modify the sentence below: "The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why completely rational large holders might not

Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-26 Thread alicexbt via bitcoin-dev
Hi Peter, > But to a first approximation, at any fee above zero failing to mine a tx you > know about is leaving money on the table Let's assume 1 people go from A to B every day in flight. They buy tickets for different prices and some of them are looking to pay the minimum even if it's

Re: [bitcoin-dev] BIP Proposal: Receiving and Change Derivation Paths in a Single Descriptor

2022-07-26 Thread Andrew Chow via bitcoin-dev
I went with just tuples of two values because that's easier to implement and targets exactly what people were asking for. However I don't see why this couldn't generalize to any sized tuples. As long as the tuples are all the same length, and the limit is one tuple per key expression, then we