| 00:56:48 | Guest52371: | Guest52371 is now known as DoctorBTC |
| 03:36:46 | roasbeef_: | roasbeef_ is now known as roasbeef |
| 09:02:16 | sl01: | justanotheruser: imagine a program you download that goes through your old bitcoin wallet and pays you for it and has no direct effect on anyhting else, how many people would run that? |
| 09:03:46 | mappum: | sl01: what are you gaining from the old wallets? |
| 09:04:40 | sl01: | mappum: old stake |
| 09:05:42 | mappum: | so it's the people too lazy to spend their old money? |
| 09:07:41 | sl01: | mappum: https://download.wpsoftware.net/bitcoin/pos.pdf |
| 09:18:45 | justanotheruser: | sl01: the assumption is that people wouldn't want to run a program that ruined the value of their current investment. |
| 09:19:14 | justanotheruser: | Imagine a program the you download that runs along side your bitcoin miner and pays you 5% extra. |
| 09:19:36 | justanotheruser: | If we get sufficient people to run this, a large reorg is cheap. |
| 09:36:34 | sl01: | justanotheruser: good counter example although one is an ongoing thing, the other is a one time deal |
| 09:39:11 | sl01: | justanotheruser: also, people can do this after they are no longer invested, whereas miners are generally banking on a future steady income stream |
| 09:40:15 | justanotheruser: | sl01: my assumption was based on everyone on earth using a PoScoin as a standard |
| 09:40:25 | sl01: | justanotheruser: also if shit hit the fan miners would probably turn off this evil 5% awards program pretty quickly, in the PoS example, you can't unsell your old stake |
| 09:41:34 | sl01: | justanotheruser: sure, but tragedy of the commons, theres some % of people who will anonymously sell their old stake for some cash as there is no direct negative effect, i would bet that % is pretty high |
| 09:42:14 | justanotheruser: | sl01: but is it as high as the number of stakers at a given time period? |
| 09:42:51 | sl01: | no idea, also the attakcer has basically an infinite time frame to gather up old stake to perform an attack right? |
| 09:43:28 | sl01: | seems like you need to make a lot of iffy assumptions to be sure your PoS will never get attacked |
| 09:44:17 | sl01: | how do you feel about the security of the username/passwords you used 10 years ago? |
| 09:44:43 | justanotheruser: | sl01: net as good as I feel about the stake used 10 years ago |
| 10:02:11 | sl01: | justanotheruser: thinking more about that 5% evil awards program for miners (because that was though provoking)... how would you make that actually work? couldn't miners just collect the free 5% until they were asked to do an actual attack at which pt they just don't comply? |
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| 18:18:56 | justanotheruser: | sl01: I would only serve them block headers and they wouldn't know whether they were performing the attack unless they modified the client |
| 18:21:34 | nsh: | But aren't the snakes even worse? // Yes, but we're prepared for that. We've lined up a fabulous type of gorilla that thrives on snake meat. // But then we're stuck with gorillas! // No, that's the beautiful part. When wintertime rolls around, the gorillas simply freeze to death. |
| 18:22:28 | justanotheruser: | * justanotheruser checks the context of that metaphor... |
| 18:22:59 | nsh: | just light-heartedly reminded of that by (relatively-)convoluted schemes to ward off attacks |
| 18:48:39 | zooko: | nsh: heh heh |
| 18:49:18 | nshlike: | hey zooko, hope things are on the up :) |
| 18:50:12 | zooko: | Yeah, things are going ok! |
| 18:50:32 | zooko: | How are you? |
| 18:51:05 | nshlike: | my passport was returned to me and my bail rescinded, which is arguably some kind of progress :) |
| 18:51:14 | zooko: | rescinded? |
| 18:51:19 | zooko: | Does that mean you get your money back? |
| 18:51:25 | nshlike: | no money, no more bail |
| 18:52:08 | nshlike: | (but still potentially future charges, extradition attempts) |
| 18:52:26 | zooko: | Scary. |
| 18:52:34 | zooko: | I'm planning to attend HOPE-X in NYC next week. |
| 18:52:57 | zooko: | Going to join this anti-censorship meetup: http://wiki.hope.net/w/index.php/NoisySquare |
| 18:53:14 | justanotheruser: | nshlike: is your legal issue bitcoin related? |
| 18:54:27 | nshlike: | no, just some stuff happened and some people got embarrassed and some of those people think i might have been involved and it's not really all that important in the grand scheme of things |
| 18:54:34 | gwillen: | zooko: awesome, I'll be at HOPE also |
| 18:57:05 | nshlike: | NoisySquare looks very neat; would be nice to implement similar events locally |
| 18:57:09 | nshlike: | , globally. |
| 18:58:02 | amiller: | i'm curious what's happening right now at the blockstream meetup |
| 19:02:24 | zooko: | amiller: what's that? |
| 19:02:31 | zooko: | gwillen: great! See you there! |
| 19:04:12 | amiller: | https://twitter.com/austinhill/status/486563682436919299 |
| 19:04:40 | zooko: | Cool. |
| 19:50:33 | Grishnakh: | amiller who's in the blockstream team? |
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| 21:56:43 | amiller: | Grishnakh, i don't know who's on the blockstream team exactly |
| 22:02:31 | gmaxwell: | amiller: who do you assume anyone does. Cryptocurrency, boo-yah. :P |
| 22:02:42 | amiller: | wat |
| 22:03:02 | gmaxwell: | er why do you assume |
| 22:03:22 | sipa: | crypt == latin for 'hidden' |
| 22:05:12 | wallet421: | wallet421 is now known as wallet42 |