Re: [cryptography] bitcoin scalability to high transaction rates

2011-07-19 Thread lodewijk andré de la porte
This would revive many of the things people have aspired to kill with bitcoins. Among others the creation of money (I can borrow and store more money than I have). It would also mean moving the scalability problem to a centralized system, a trusted party. In other words: wouldn't having money

[cryptography] OTR and Log Files

2011-07-19 Thread Jeffrey Walton
Hey Guys - Watching the other OTR thread, what destroyed OTR's deniability property for Manning? If Manning's machine was logging (does anyone even know?), I would expect the logs to be the culprit. But if only Lamo's machine had logs, would the property still hold (as Marsh said, there are a

Re: [cryptography] bitcoin scalability to high transaction rates

2011-07-19 Thread Sampo Syreeni
On 2011-07-20, Ian G wrote: To answer OP, typically all trading is done on a delayed and netted settlement. Which is to say the trade might be done real time but the settlement is batched for later, typically after market closing. No money changes hands until later. This is especially true as

Re: [cryptography] OTR and deniability

2011-07-19 Thread James A. Donald
On 2011-07-20 7:09 AM, Ian G wrote: Part of the problem I have semantically with OTR is that it isn't OTR. The presence of a record means it is on the record. While OTR-the-product might be attempting to decrease the tamper-resistance qualities of the document, there is manifestly a document.

Re: [cryptography] bitcoin scalability to high transaction rates

2011-07-19 Thread James A. Donald
James A. Donald The obvious next step is to have chaumian money and account money which has rapid low cost transactions, which money is converted into bitcoins at leisure, analogous to having gold, and account money and banknotes backed by gold. On 2011-07-20 3:25 AM, lodewijk andré de la