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authorTier Nolan <tier.nolan@gmail.com>2014-04-23 22:23:08 +0100
committerbitcoindev <bitcoindev@gnusha.org>2014-04-23 21:23:15 +0000
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parent312829f7a5ae057c5ea7b789552f9c3faae84ae7 (diff)
downloadpi-bitcoindev-247336258f3965d7330f4d252927b315a4ee89c4.tar.gz
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Re: [Bitcoin-development] Coinbase reallocation to discourage Finney attacks
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+Date: Wed, 23 Apr 2014 22:23:08 +0100
+Message-ID: <CAE-z3OX7AppQeBcMBArccELQxnZBPNCefiRJvTt0gYYjxKAQuQ@mail.gmail.com>
+From: Tier Nolan <tier.nolan@gmail.com>
+To: Gregory Maxwell <gmaxwell@gmail.com>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Coinbase reallocation to discourage
+ Finney attacks
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+--001a11351ccec7a36c04f7bc562b
+Content-Type: text/plain; charset=UTF-8
+
+An interesting experiment would be a transaction "proof of publication"
+chain.
+
+Each transaction would be added to that chain when it is received. It
+could be merge mined with the main chain.
+
+If the size was limited, then it doesn't even require spam protection.
+
+Blocks could be "discouraged" if they have transactions which violate the
+ordering in that chain. Miners could still decide which transactions they
+include, but couldn't include transactions which are double spends.
+
+The locktime/final field could be used for transactions which want to be
+replaceable.
+
+The chain could use some of the fast block proposals. For example, it
+could include orphans of a block when computing the block's POW.
+
+
+
+On Wed, Apr 23, 2014 at 9:53 PM, Gregory Maxwell <gmaxwell@gmail.com> wrote:
+
+> On Wed, Apr 23, 2014 at 1:44 PM, Adam Ritter <aritter@gmail.com> wrote:
+> > Isn't a faster blockchain for transactions (maybe as a sidechain) solving
+> > the problem? If there would be a safe way for 0-confirmation
+> transactions,
+> > the Bitcoin blockchain wouldn't even be needed.
+>
+> Large scale consensus can't generally provide instantly irreversible
+> transactions directly: Increasing the block speed can't help past the
+> point where the time starts getting close to the network diameter...
+> you simply can't tell what a consensus of a group of nodes is until
+> several times the light cone that includes all of them. And if you
+> start getting close to the limit you dilute the power working on the
+> consensus and potentially make life easier for a large attacker.
+>
+> Maybe other chains with different parameters could achieve a different
+> tradeoff which was better suited to low value retail transactions
+> (e.g. where you want a soft confirmation fast). A choice of tradeoffs
+> could be very useful, and maybe you can practically get close enough
+> (e.g. would knowing you lost a zero-conf double spend within 30
+> seconds 90% of the time be good enough?)... but I'm not aware of any
+> silver bullet there which gives you something identical to what a
+> centralized service can give you without invoking at least a little
+> bit of centralization.
+>
+>
+> ------------------------------------------------------------------------------
+> Start Your Social Network Today - Download eXo Platform
+> Build your Enterprise Intranet with eXo Platform Software
+> Java Based Open Source Intranet - Social, Extensible, Cloud Ready
+> Get Started Now And Turn Your Intranet Into A Collaboration Platform
+> http://p.sf.net/sfu/ExoPlatform
+> _______________________________________________
+> Bitcoin-development mailing list
+> Bitcoin-development@lists.sourceforge.net
+> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+>
+
+--001a11351ccec7a36c04f7bc562b
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div><div><div><div>An interesting experiment would be a t=
+ransaction &quot;proof of publication&quot; chain.<br><br></div>Each transa=
+ction would be added to that chain when it is received.=C2=A0 It could be m=
+erge mined with the main chain.<br>
+<br></div><div>If the size was limited, then it doesn&#39;t even require sp=
+am protection.<br></div><div><br></div>Blocks could be &quot;discouraged&qu=
+ot; if they have transactions which violate the ordering in that chain.=C2=
+=A0 Miners could still decide which transactions they include, but couldn&#=
+39;t include transactions which are double spends.<br>
+<br></div><div>The locktime/final field could be used for transactions whic=
+h want to be replaceable.<br></div><div><br></div>The chain could use some =
+of the fast block proposals.=C2=A0 For example, it could include orphans of=
+ a block when computing the block&#39;s POW.<br>
+</div><div><br></div></div><div class=3D"gmail_extra"><br><br><div class=3D=
+"gmail_quote">On Wed, Apr 23, 2014 at 9:53 PM, Gregory Maxwell <span dir=3D=
+"ltr">&lt;<a href=3D"mailto:gmaxwell@gmail.com" target=3D"_blank">gmaxwell@=
+gmail.com</a>&gt;</span> wrote:<br>
+<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
+x #ccc solid;padding-left:1ex"><div class=3D"">On Wed, Apr 23, 2014 at 1:44=
+ PM, Adam Ritter &lt;<a href=3D"mailto:aritter@gmail.com">aritter@gmail.com=
+</a>&gt; wrote:<br>
+
+&gt; Isn&#39;t a faster blockchain for transactions (maybe as a sidechain) =
+solving<br>
+&gt; the problem? If there would be a safe way for 0-confirmation transacti=
+ons,<br>
+&gt; the Bitcoin blockchain wouldn&#39;t even be needed.<br>
+<br>
+</div>Large scale consensus can&#39;t generally provide instantly irreversi=
+ble<br>
+transactions directly: Increasing the block speed can&#39;t help past the<b=
+r>
+point where the time starts getting close to the network diameter...<br>
+you simply can&#39;t tell what a consensus of a group of nodes is until<br>
+several times the light cone that includes all of them. =C2=A0And if you<br=
+>
+start getting close to the limit you dilute the power working on the<br>
+consensus and potentially make life easier for a large attacker.<br>
+<br>
+Maybe other chains with different parameters could achieve a different<br>
+tradeoff which was better suited to low value retail transactions<br>
+(e.g. where you want a soft confirmation fast). A choice of tradeoffs<br>
+could be very useful, and maybe you can practically get close enough<br>
+(e.g. would knowing you lost a zero-conf double spend within 30<br>
+seconds 90% of the time be good enough?)... but I&#39;m not aware of any<br=
+>
+silver bullet there which gives you something identical to what a<br>
+centralized service can give you without invoking at least a little<br>
+bit of centralization.<br>
+<div class=3D"HOEnZb"><div class=3D"h5"><br>
+---------------------------------------------------------------------------=
+---<br>
+Start Your Social Network Today - Download eXo Platform<br>
+Build your Enterprise Intranet with eXo Platform Software<br>
+Java Based Open Source Intranet - Social, Extensible, Cloud Ready<br>
+Get Started Now And Turn Your Intranet Into A Collaboration Platform<br>
+<a href=3D"http://p.sf.net/sfu/ExoPlatform" target=3D"_blank">http://p.sf.n=
+et/sfu/ExoPlatform</a><br>
+_______________________________________________<br>
+Bitcoin-development mailing list<br>
+<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
+pment@lists.sourceforge.net</a><br>
+<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
+" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
+velopment</a><br>
+</div></div></blockquote></div><br></div>
+
+--001a11351ccec7a36c04f7bc562b--
+
+