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authorSomberNight <somber.night@protonmail.com>2018-12-28 21:41:51 +0000
committerbitcoindev <bitcoindev@gnusha.org>2018-12-28 21:42:02 +0000
commit28d77627ab7d8c55569d48c400b7c1bceaa3d37f (patch)
treedb865ff8ff725ed6450248647915c6012ce90faf
parenta7980a79a1c66e57afa75692e78376f0bc0367c4 (diff)
downloadpi-bitcoindev-28d77627ab7d8c55569d48c400b7c1bceaa3d37f.tar.gz
pi-bitcoindev-28d77627ab7d8c55569d48c400b7c1bceaa3d37f.zip
[bitcoin-dev] Create a BIP to implement Confidential Transactions in Bitcoin Core
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+Subject: [bitcoin-dev] Create a BIP to implement Confidential Transactions
+ in Bitcoin Core
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+
+Hi Kenshiro,
+
+That is not how the BIP process works. Instead of requesting the creation
+of a BIP, you just create one. :)
+
+Re CT in Bitcoin, I have my doubts whether you can get consensus for that.
+From section 4.6 of the Bulletproofs paper [0]:
+
+"Bulletproofs ... are computationally binding. An adversary that could
+break the discrete logarithm assumption could generate acceptable range
+proofs for a value outside the correct range. ... An adversary that can
+break the binding property of the commitment scheme or the soundness of
+the proof system can generate coins out of thin air and thus create
+uncontrolled but undetectable inflation rendering the currency useless"
+
+I don't have the domain knowledge to debate whether quantum computers will
+ever exist but AFAICT their emergence would easily kill a currency that
+uses these kind of range proofs for confidential transactions.
+
+
+[0]: https://eprint.iacr.org/2017/1066.pdf
+
+
+> From: "Kenshiro []" tensiam@hotmail.com
+>
+> Hi,
+>
+> I think Confidential Transactions (CT) are a great idea to provide enough=
+ privacy for normal users (hidden amounts) and fungibility.
+>
+> I would like to request the creation of a BIP to implement CT in Bitcoin =
+Core. I read that CT are already implemented in Grin and Monero so it looks=
+ that CT are enough mature to be implemented in Bitcoin.
+>
+> If the CT transaction size is 3x the size of a normal transaction the blo=
+ck size could be increased by 3x too, or just keep the current block size a=
+nd make CT transactions optional.
+>
+> Thank you!
+