Re: [Bitcoin-development] Cost savings by using replace-by-fee, 30-90%

2015-05-26 Thread Allen Piscitello
What prevents you from writing a bad check using today's systems? On Tue, May 26, 2015 at 1:22 PM, Danny Thorpe danny.tho...@gmail.com wrote: What prevents RBF from being used for fraudulent payment reversals? Pay 1BTC to Alice for hard goods, then after you receive the goods broadcast a

Re: [Bitcoin-development] Cost savings by using replace-by-fee, 30-90%

2015-05-26 Thread Allen Piscitello
I am not the one presenting this as some kind of novel attack on transactions in general. On Tue, May 26, 2015 at 1:43 PM, Raystonn rayst...@hotmail.com wrote: Trust, regulation, law, and the threat of force. Are you serious? On 26 May 2015 11:38 am, Allen Piscitello allen.piscite

Re: [Bitcoin-development] replace-by-fee v0.10.0rc4

2015-02-12 Thread Allen Piscitello
You cannot close Pandora's box. Whether or not this type of patch should exist is irrelevant. It does, and there are incentives to use it by miners. These are the bounds we have to deal with and the world we must adapt to. On Thu, Feb 12, 2015 at 12:11 PM, Justus Ranvier

Re: [Bitcoin-development] replace-by-fee v0.10.0rc4

2015-02-12 Thread Allen Piscitello
Nothing will stop that. Bitcoin needs to deal with those issues, not stick our heads in the sand and pretend they don't exist out of benevolence. This isn't a pet solution, but the rules of the protocol and what is realistically possible given the nature of distributed consensus. Relying on

Re: [Bitcoin-development] Is there a way to estimate the maximum number of transactions per minute Bitcoin can handle as it is today?

2015-01-30 Thread Allen Piscitello
You are assuming that the only way to use Bitcoin is on-chain transactions and that is the only way for it to scale. This is a mistake. On Fri, Jan 30, 2015 at 6:48 PM, Angel Leon gubat...@gmail.com wrote: On the Chinese Single's Day (sort of like the american Black Friday) according to MIT's

Re: [Bitcoin-development] New BIP32 structure

2014-03-27 Thread Allen Piscitello
Don't most of these coins have a magic number already assigned that is unique? (0xD9B4BEF9 for Bitcoin, 0x0709110B for Testnet, FBC0XB6DB for Litecoin, etc...). This seems like a good candidate for identifying coins, and also supports Testnet cases well. Maybe there are some alts without such a

Re: [Bitcoin-development] New BIP32 structure

2014-03-27 Thread Allen Piscitello
types of losses will occur when someone tests out something with a limited use case, sees that it appears to work, makes dangerous assumptions, then gets burned when it's too late. -Allen On Thu, Mar 27, 2014 at 11:06 AM, Pavol Rusnak st...@gk2.sk wrote: On 03/27/2014 04:57 PM, Allen Piscitello

Re: [Bitcoin-development] New BIP32 structure

2014-03-27 Thread Allen Piscitello
The benefit I see is avoiding reuse of keys between coins while not having each wallet implementation have to know about each coin in order to scan for transactions. Wallet X supports Doge and Bitcoin. If both used a shared sequence of keys, say the first two end up Bitcoin, then 10 Doge, then

Re: [Bitcoin-development] New BIP32 structure

2014-03-26 Thread Allen Piscitello
For every branch (say multiple accounts), how would a new wallet be able to know how many sequence items to scan? It seems like not only do you need to have standard rules for the hierarchy, but how the usage can be detected. The other scanning seems pretty straightforward. For accounts, it

Re: [Bitcoin-development] moving the default display to mbtc

2014-03-14 Thread Allen Piscitello
Fairly useless experiment, since the vast majority of users will almost always stay at the default. The winner will always be whatever was selected as the default initially. This might work if the default was randomly chosen, and you see what actually annoyed users enough to switch off of it

Re: [Bitcoin-development] moving the default display to mbtc

2014-03-13 Thread Allen Piscitello
Mike is making an assumption that is not necessary, which is the price of the most commonly used unit should be between is $.50 and $1000. The issue to revisit or not shouldn't require $1,000,000 Bitcoin price. Typing a ton of decimals is incredibly annoying. Doing the mental math in my head is

Re: [Bitcoin-development] moving the default display to mbtc

2014-03-13 Thread Allen Piscitello
It certainly is not subjective, in that people are far more used to dealing with whole numbers than decimals. Try reading the first one, then reading the second one. Tell those numbers to someone else, have them write it down, and see how many people screw up the first vs. the second. This has

Re: [Bitcoin-development] [RFC] [BIP proposal] Dealing with malleability

2014-02-19 Thread Allen Piscitello
This is somewhat problematic in my use case since some parts need to be in the chain earlier than others and have the same ID as expected. https://bitcointalk.org/index.php?topic=260898.10 I haven't gone back to see if there are any ways around it, but the main problem here is I need the

Re: [Bitcoin-development] [RFC] [BIP proposal] Dealing with malleability

2014-02-12 Thread Allen Piscitello
While that solution does work for many use cases, it does make it much harder to do anything needing chained transactions. Granted, this is the short term solution for current implementations, but having a transaction identifier that does not change does open up other use cases. For example,

Re: [Bitcoin-development] Bitcoin-development Digest, Vol 31, Issue 41

2013-12-25 Thread Allen Piscitello
No, you don't get it, and it's been explained clearly to you twice. Take it to bitcointalk, this does not belong on this list. Your cure is worse than the disease. On Wed, Dec 25, 2013 at 12:53 AM, Ryan Carboni ryan.jc...@gmail.com wrote: You just completely ignored my point. I'm not sure

Re: [Bitcoin-development] Bitcoin difficulty sanity check suggestion

2013-12-23 Thread Allen Piscitello
Ryan, Why do you continue to try to correct people who clearly have put more thought into this than you? Everyone understood you just fine, you just seem to have trouble comprehending why your ideas are terrible. On Mon, Dec 23, 2013 at 7:51 PM, Ryan Carboni ryan.jc...@gmail.com wrote: I

Re: [Bitcoin-development] Monetary Authority for Bitcoin

2013-12-09 Thread Allen Piscitello
I've got a better idea. Ben Bernake needs a new job. Let's just let him set the block reward. On Mon, Dec 9, 2013 at 5:23 PM, Jameson Lopp jameson.l...@gmail.com wrote: To piggyback on Jeff, Any proposal that is going to add reliance upon data from third parties outside of the Bitcoin

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Allen Piscitello
to be taken into consideration when it comes to user perception (which is one of the reasons we would make such a change in the first place). Holy crap these fees are huge! I thought Bitcoin didn't have fees! On 11/14/2013 04:55 PM, Allen Piscitello wrote: I also would prefer to go straight

Re: [Bitcoin-development] Message Signing based authentication

2013-11-02 Thread Allen Piscitello
This was one of my concerns when implementing a scheme where you sign a refund transaction before the original transaction is broadcast. I originally tried to pass a hash and have the server sign it. However, I had no way to know that what I was signing wasn't a transaction that was spending my

Re: [Bitcoin-development] Message Signing based authentication

2013-11-02 Thread Allen Piscitello
, 2013 at 8:27 PM, Luke-Jr l...@dashjr.org wrote: On Sunday, November 03, 2013 1:19:51 AM Allen Piscitello wrote: I actually had a use case in my case where it was possible, and that was the check I used to get around it, just configured it so that I always generated a new key when I needed

Re: [Bitcoin-development] BIP39 word list

2013-11-01 Thread Allen Piscitello
The problem with this is that you might have word A which is similar to B, but B is also similar to C. So we scrub B from the list, someone enters B, and we have no way to know if it means A or C. It leads to a much more complicated scheme to ensure that all errors are correctable. Scrubbing A,

Re: [Bitcoin-development] Revisiting the BIPS process, a proposal

2013-10-23 Thread Allen Piscitello
I think formalizing the specification could go a long way and encouraging alternate implementations is going to be the best way to reduce unexpected small bugs having a bad effect except on the buggy node. That being said, it's a huge chicken and egg problem. No one wants to go off the reference