Peter I was curious if you could detail what specific concerns Adam Back
brought up with the current iteration of the tree-chains idea? It's been
alluded to a few times yet I have not read the specific problem.
Greg
How does this system handle problems with the lower chains after they have
been "locked-in"?
The rule is that if a block in the child chain is pointed to by its parent,
then it effectively has infinite POW?
The point of the system is that a node monitoring the parent chain only has
to watch the h
> Anyway the particular situation in which a single entity controls 40%
> of the hashing power should be rare. That's potentially dangerous for
> bitcoin and although changing the hashing algorithm would be painful
> and risky, I would be terribly scared of that happening if I was that
> entity. Le
I'll make sure I understand your proposal better before commenting
much on it, but at a first glance, I don't see how it is incompatible
with 2 way peg and merged mining itself.
Why wouldn't you want merged mining for the root of your tree?
A miner could only chose a leaf block at a time, but it co
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
On Tue, Mar 25, 2014 at 02:03:57PM -0700, Mark Friedenbach wrote:
> > But moving value between chains is inconvenient; right now moving
> > value requires trusted third parties. Two-way atomic chain transfers
> > does help here, but as recent discussions on the topic showed there's
> > all sorts of
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
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
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
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
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
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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
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
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
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
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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
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
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,
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
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 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
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