00:07:58 | CodeShark: | SPV is one of those design problem things to look out for in future projects ;) |
00:11:22 | CodeShark: | prunability and aligned incentives to trustlessly outsource succinct proofs are required for anything like that to be practical |
00:12:53 | CodeShark: | merkle trees for blocks was a good start...but not a good end :) |
00:16:07 | CodeShark: | I should say to trustlessly have succinct proofs produced...not necessarily "outsourced"...too many connotations |
00:17:03 | CodeShark: | in certain contexts at least one of the parties clearly has an interest to compute and store proofs relevant to their contracts |
00:17:40 | CodeShark: | but if there's a dispute you still have your loaded gun |
00:17:53 | CodeShark: | even if the bullet isn't free :) |
00:22:24 | CodeShark: | in the worst of cases you take your case global and win (if you're right)...more costly than settling directly, but the uncooperative party can be held responsible for a good portion if not all of that extra cost. |
00:25:19 | CodeShark: | a justice system that relies on cryptographic signatures and witnesses for authorization...and whose interpretation of the law comes down to running computer programs |
00:26:08 | CodeShark: | it all relies on strong consensus at the top level, though...this is still a problem |
02:33:18 | c0rw1n: | c0rw1n is now known as c0rw|zZz |
02:53:04 | leakypat: | So, back to my point about lack of nodes, is it fair to say that centralized and SPV wallets have been created with a view to there being some kind of large scale adoption and these non "Power users" needing something quick and easy to use |
02:53:47 | leakypat: | The adoption hasn't happened and so the result has been "power users" have ditched their nodes and are using centralized and SPV solutions because it's easy |
02:54:53 | leakypat: | So, a few years ago, all the dudes at my meetup would have been running full nodes, now instead they use breadwallet to buy their beers |
02:55:41 | CodeShark: | having each peer validating every single beer purchase on the entire planet doesn't seem like a good idea :p |
02:55:54 | leakypat: | Depends on the beer |
02:56:56 | leakypat: | My point being is that centralized wallets (like mine) and SPV wallets have basically disincentive zed power users from running full nodes |
02:57:35 | CodeShark: | people who know what they're doing generally keep around a full node or two |
02:57:55 | CodeShark: | but that's not most :p |
02:58:36 | leakypat: | Yeah, exactly, it's like 20% of Bitcoin enthusiasts or something |
02:59:21 | CodeShark: | on the other hand many of these cases are high use high volume cases |
02:59:53 | CodeShark: | but still, we're hitting a scalability wall :p |
02:59:55 | CodeShark: | it's inevitable |
03:01:28 | leakypat: | What cases are high use high volume? |
03:01:43 | CodeShark: | nvm :p |
03:25:25 | kanzure: | i really doubt it's 20% of all bitcoin enthusiasts. it would have to be a much lower percentage to match other observed measureguesses. |
03:31:45 | a5m0_: | a5m0_ is now known as a5m0 |
03:46:07 | moa: | it's a long september effect .... a smaller and smaller percentage of new users will be full-node 'material' |
03:47:40 | moa: | like second law of adoption: the level derp will always increase |
04:09:11 | leakypat: | kanzure: you think lower? By enthusiasts I mean meetup regulars etc. |
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11:51:41 | kanzure: | http://blogs.aws.amazon.com/security/post/TxCKZM94ST1S6Y/Introducing-s2n-a-New-Open-Source-TLS-Implementation |
11:51:45 | kanzure: | .title https://news.ycombinator.com/item?id=9804349 |
11:51:45 | yoleaux: | AWS s2n – open source TLS implementation in 6000 lines of code | Hacker News |
12:03:40 | airbreather_1: | airbreather_1 is now known as airbreather |
14:07:57 | hearn_: | hearn_ is now known as hearn |
14:51:21 | binaryatrocity_: | binaryatrocity_ is now known as binaryatrocity |
15:15:20 | DanielBTC_: | DanielBTC_ is now known as DanielBTC |
16:03:30 | cosmo: | cosmo has left #bitcoin-wizards |
16:24:03 | DanielBTC: | DanielBTC is now known as Guest56755 |
17:10:12 | kanzure: | halp i got stuck http://www.reddit.com/r/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/csmfqpp?context=1 |
17:16:53 | gmaxwell: | kanzure: okay |
17:19:03 | kanzure: | hmm if the original signatures are still necessary then there's not much space saved |
17:20:53 | gmaxwell: | wtf. of course they aren't. |
17:21:07 | gmaxwell: | how the heck dould you have extracted that from my message?? |
17:33:53 | maaku: | maaku is now known as Guest27737 |
17:38:56 | kanzure: | there's no details either way on that front in your message i think; you pass the inputs to signature verification, but that's the same whether there is a missing intermediate history regardless. |
17:39:23 | kanzure: | (more broadly, i am just engaging in the discussion here; i don't think it's a problem with your reply on reddit) |
17:43:55 | gmaxwell: | kanzure: I revised it some. :) |
19:14:58 | kanzure: | "Not unlike things in Bitcoin today, but the signatures are combined with O(1) size." |
19:15:08 | kanzure: | ah yes that is much more clear |
19:15:15 | kanzure: | also: O(1) is very very exciting |
21:51:46 | node9876543: | node9876543 has left #bitcoin-wizards |
22:26:52 | roybadam1: | roybadam1 is now known as roybadami |
22:39:22 | akrmn: | ok multisig command works. I generated my own public keys, because obviously you can't go from address to public key |
23:25:16 | solaire: | hello |
23:38:52 | CodeArtix: | hello |