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| author | Tao Effect <contact@taoeffect.com> | 2017-10-10 13:13:20 -0700 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2017-10-10 20:13:24 +0000 |
| commit | 2cbf8648a27a0027abf5b0fa41e9d313e9f9ab4c (patch) | |
| tree | c14d1d2958a55d68a7cbcfe8da72b1e02e6af57d | |
| parent | 741f95b035015c0f0c4591fe96c4a56dbc2d1c7c (diff) | |
| download | pi-bitcoindev-2cbf8648a27a0027abf5b0fa41e9d313e9f9ab4c.tar.gz pi-bitcoindev-2cbf8648a27a0027abf5b0fa41e9d313e9f9ab4c.zip | |
Re: [bitcoin-dev] Generalized sharding protocol for decentralized scaling without Miners owning our BTC
| -rw-r--r-- | f0/7ac9d04368464b14479224c81e13cef2478073 | 610 |
1 files changed, 610 insertions, 0 deletions
diff --git a/f0/7ac9d04368464b14479224c81e13cef2478073 b/f0/7ac9d04368464b14479224c81e13cef2478073 new file mode 100644 index 000000000..7ab628895 --- /dev/null +++ b/f0/7ac9d04368464b14479224c81e13cef2478073 @@ -0,0 +1,610 @@ +Return-Path: <contact@taoeffect.com> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id 717C0A88 + for <bitcoin-dev@lists.linuxfoundation.org>; + Tue, 10 Oct 2017 20:13:24 +0000 (UTC) +X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 +Received: from homiemail-a7.g.dreamhost.com (homie.mail.dreamhost.com + [208.97.132.208]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 7ABEE367 + for <bitcoin-dev@lists.linuxfoundation.org>; + Tue, 10 Oct 2017 20:13:23 +0000 (UTC) +Received: from homiemail-a7.g.dreamhost.com (localhost [127.0.0.1]) + by homiemail-a7.g.dreamhost.com (Postfix) with ESMTP id 0673B25C06B; + Tue, 10 Oct 2017 13:13:23 -0700 (PDT) +DKIM-Signature: v=1; a=rsa-sha1; c=relaxed; d=taoeffect.com; h= + content-type:mime-version:subject:from:in-reply-to:date:cc + :content-transfer-encoding:message-id:references:to; s= + taoeffect.com; bh=I1qju0TSDeu2a48eSnIEFYag3j8=; b=D4YiHD+rwB9RBw + QnQHCcWTxL89qqgI5lQlusdtCeF0axPmGtyoVFgQuQV+tp0RYQT0tTTeJrx2YnzF + lKMKU/iYa2Td2XOupzYe5ojSFrD5QCS6VbODOTFoE/IElIFeOUS7R++jUP37vsEH + zqDXHmj1ODUiUngE4jlnK+lLD2Oiw= +Received: from [10.14.129.172] (unknown [107.72.97.149]) + (using TLSv1 with cipher DHE-RSA-AES256-SHA (256/256 bits)) + (No client certificate requested) + (Authenticated sender: support@taoeffect.com) + by homiemail-a7.g.dreamhost.com (Postfix) with ESMTPSA id 8DFCA25C06A; + Tue, 10 Oct 2017 13:13:22 -0700 (PDT) +Content-Type: multipart/alternative; + boundary=Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885 +Mime-Version: 1.0 (1.0) +From: Tao Effect <contact@taoeffect.com> +X-Mailer: iPhone Mail (15A421) +In-Reply-To: <CAF5CFkg71g5vTCQ3rcbN+7Cjx_B3z7NT78Ug6a6S=KiSS8yo-A@mail.gmail.com> +Date: Tue, 10 Oct 2017 13:13:20 -0700 +Content-Transfer-Encoding: 7bit +Message-Id: <B822901D-C074-4987-B793-2A83C8C83EAF@taoeffect.com> +References: <16D7672F-AA36-47D7-AAEF-E767B9CE09FF@taoeffect.com> + <CA+XQW1jf-6HCic4beV5GSix8KRzJ-7nTc-ePipfs=ouwvHX0jA@mail.gmail.com> + <55CAABF4-4FB8-4230-8E51-014C1D347D72@taoeffect.com> + <CA+XQW1i-3dfRGr2vy=_P0BuXNbnoR_OmmOGGOmCcNEgkZeT_gg@mail.gmail.com> + <FBD96A02-243E-4E09-9204-EC90DE5EE576@taoeffect.com> + <daf438d1-7cca-aa0f-6bf7-3eef0d765d49@gmail.com> + <B79CD106-A06E-4AF1-B67E-6DFE557468F8@taoeffect.com> + <CAF5CFkg71g5vTCQ3rcbN+7Cjx_B3z7NT78Ug6a6S=KiSS8yo-A@mail.gmail.com> +To: CryptAxe <cryptaxe@gmail.com> +X-Spam-Status: No, score=-0.1 required=5.0 tests=DKIM_SIGNED,DKIM_VALID, + DKIM_VALID_AU,HTML_MESSAGE,MIME_QP_LONG_LINE,RCVD_IN_DNSWL_NONE + autolearn=disabled version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +X-Mailman-Approved-At: Tue, 10 Oct 2017 20:16:48 +0000 +Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +Subject: Re: [bitcoin-dev] Generalized sharding protocol for decentralized + scaling without Miners owning our BTC +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Tue, 10 Oct 2017 20:13:24 -0000 + + +--Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885 +Content-Type: text/plain; + charset=cp932 +Content-Transfer-Encoding: quoted-printable + +It would not change the number of Bitcoins in existence. + +-- +Sent from my mobile device. +Please do not email me anything that you are not comfortable also sharing wi= +th the NSA. + +> On Oct 10, 2017, at 12:50 PM, CryptAxe <cryptaxe@gmail.com> wrote: +>=20 +> Your method would change the number of Bitcoins in existence. Why?=20 +>=20 +>> On Oct 10, 2017 12:47 PM, "Tao Effect via bitcoin-dev" <bitcoin-dev@lists= +.linuxfoundation.org> wrote: +>> Is that what passes for a technical argument these days? Sheesh. +>>=20 +>> Whereas in Drivechain users are forced to give up their coins to a single= + group for whatever sidechains they interact with, the generic sharding algo= + lets them (1) keep their coins, (2) trust whatever group they want to trust= + (the miners of the various sidechains). +>>=20 +>> Drivechain offers objectively worse security. +>>=20 +>> -- +>> Sent from my mobile device. +>> Please do not email me anything that you are not comfortable also sharing= + with the NSA. +>>=20 +>>> On Oct 10, 2017, at 8:09 AM, Paul Sztorc via bitcoin-dev <bitcoin-dev@li= +sts.linuxfoundation.org> wrote: +>>>=20 +>>> I think this response speaks for itself. +>>>=20 +>>>> On 10/10/2017 10:09 AM, Tao Effect wrote: +>>>> Hi Paul, +>>>>=20 +>>>> I thought it was clear, but apparently you are getting stuck on the sem= +antics of the word "burn". +>>>>=20 +>>>> The "burning" applies to the original coins you had. +>>>>=20 +>>>> When you transfer them back, you get newly minted coins, equivalent to t= +he amount you "burned" on the chain you're transferring from =81\ as stated i= +n the OP. +>>>>=20 +>>>> If you don't like the word "burn", pick another one. +>>>>=20 +>>>> -- +>>>> Please do not email me anything that you are not comfortable also shari= +ng with the NSA. +>>>>=20 +>>>>> On Oct 10, 2017, at 4:20 AM, Paul Sztorc <truthcoin@gmail.com> wrote: +>>>>>=20 +>>>>> Haha, no. Because you "burned" the coins. +>>>>>=20 +>>>>>> On Oct 10, 2017 1:20 AM, "Tao Effect" <contact@taoeffect.com> wrote: +>>>>>> Paul, +>>>>>>=20 +>>>>>> It's a two-way peg. +>>>>>>=20 +>>>>>> There's nothing preventing transfers back to the main chain. +>>>>>>=20 +>>>>>> They work in the exact same manner. +>>>>>>=20 +>>>>>> Cheers, +>>>>>> Greg +>>>>>>=20 +>>>>>> -- +>>>>>> Please do not email me anything that you are not comfortable also sha= +ring with the NSA. +>>>>>>=20 +>>>>>>> On Oct 9, 2017, at 6:39 PM, Paul Sztorc <truthcoin@gmail.com> wrote:= + +>>>>>>>=20 +>>>>>>> That is only a one-way peg, not a two-way. +>>>>>>>=20 +>>>>>>> In fact, that is exactly what drivechain does, if one chooses parame= +ters for the drivechain that make it impossible for any side-to-main transfe= +r to succeed. +>>>>>>>=20 +>>>>>>> One-way pegs have strong first-mover disadvantages. +>>>>>>>=20 +>>>>>>> Paul +>>>>>>>=20 +>>>>>>> On Oct 9, 2017 9:24 PM, "Tao Effect via bitcoin-dev" <bitcoin-dev@li= +sts.linuxfoundation.org> wrote: +>>>>>>> Dear list, +>>>>>>>=20 +>>>>>>> In previous arguments over Drivechain (and Drivechain-like = + proposals) I promised that better scaling= + proposals =81\ that do not sacrifice Bitcoin's security =81\ would come alo= +ng. +>>>>>>>=20 +>>>>>>> I planned to do a detailed writeup, but have decided to just send of= +f this email with what I have, because I'm unlikely to have time to write up= + a detailed proposal. +>>>>>>>=20 +>>>>>>> The idea is very simple (and by no means novel*), and I'm sure other= +s have mentioned either exactly it, or similar ideas (e.g. burning coins) be= +fore. +>>>>>>>=20 +>>>>>>> This is a generic sharding protocol for all blockchains, including B= +itcoin. +>>>>>>>=20 +>>>>>>> Users simply say: "My coins on Chain A are going to be sent to = + Chain B". +>>>>>>>=20 +>>>>>>> Then they burn the coins on Chain A, and create a minting transactio= +n on Chain B. The details of how to ensure that coins do not get lost needs t= +o be worked out, but I'm fairly certain the folks on this list can figure ou= +t those details. +>>>>>>>=20 +>>>>>>> - Thin clients, nodes, and miners, can all very easily verify that s= +aid action took place, and therefore accept the "newly minted" coins on B as= + valid. +>>>>>>> - Users client software now also knows where to look for the other c= +oins (if for some reason it needs to). +>>>>>>>=20 +>>>>>>> This doesn't even need much modification to the Bitcoin protocol as m= +ost of the verification is done client-side. +>>>>>>>=20 +>>>>>>> It is fully decentralized, and there's no need to give our ownership= + of our coins to miners to get scale. +>>>>>>>=20 +>>>>>>> My sincere apologies if this has been brought up before (in which ca= +se, I would be very grateful for a link to the proposal). +>>>>>>>=20 +>>>>>>> Cheers, +>>>>>>> Greg Slepak +>>>>>>>=20 +>>>>>>> * This idea is similar in spirit to Interledger. +>>>>>>>=20 +>>>>>>> -- +>>>>>>> Please do not email me anything that you are not comfortable also sh= +aring with the NSA. +>>>>>>>=20 +>>>>>>>=20 +>>>>>>> _______________________________________________ +>>>>>>> bitcoin-dev mailing list +>>>>>>> bitcoin-dev@lists.linuxfoundation.org +>>>>>>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +>>>>>>>=20 +>>>>>>>=20 +>>>>>>=20 +>>>>=20 +>>>=20 +>>> _______________________________________________ +>>> bitcoin-dev mailing list +>>> bitcoin-dev@lists.linuxfoundation.org +>>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +>>=20 +>> _______________________________________________ +>> bitcoin-dev mailing list +>> bitcoin-dev@lists.linuxfoundation.org +>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +>>=20 + +--Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885 +Content-Type: text/html; + charset=utf-8 +Content-Transfer-Encoding: quoted-printable + +<html><head><meta http-equiv=3D"content-type" content=3D"text/html; charset=3D= +utf-8"></head><body dir=3D"auto">It would not change the number of Bitcoins i= +n existence.<br><br><div id=3D"AppleMailSignature">--<div>Sent from my mobil= +e device.</div><div><span style=3D"background-color: rgba(255, 255, 255, 0);= +">Please do not email me anything that you are not comfortable also sharing w= +ith the NSA.</span></div></div><div><br>On Oct 10, 2017, at 12:50 PM, CryptA= +xe <<a href=3D"mailto:cryptaxe@gmail.com">cryptaxe@gmail.com</a>> wrot= +e:<br><br></div><blockquote type=3D"cite"><div><div dir=3D"auto">Your method= + would change the number of Bitcoins in existence. Why? </div><div clas= +s=3D"gmail_extra"><br><div class=3D"gmail_quote">On Oct 10, 2017 12:47 PM, "= +Tao Effect via bitcoin-dev" <<a href=3D"mailto:bitcoin-dev@lists.linuxfou= +ndation.org">bitcoin-dev@lists.linuxfoundation.org</a>> wrote:<br type=3D= +"attribution"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;b= +order-left:1px #ccc solid;padding-left:1ex"><div dir=3D"auto">Is that what p= +asses for a technical argument these days? Sheesh.<div><br></div><div><div>W= +hereas in Drivechain users are forced to give up their coins to a single gro= +up for whatever sidechains they interact with, the generic sharding algo let= +s them (1) keep their coins, (2) trust whatever group they want to trust (th= +e miners of the various sidechains).</div><div><br></div><div>Drivechain off= +ers objectively worse security.</div><br><div id=3D"m_1387969289276275631App= +leMailSignature">--<div>Sent from my mobile device.</div><div><span style=3D= +"background-color:rgba(255,255,255,0)">Please do not email me anything that y= +ou are not comfortable also sharing with the NSA.</span></div></div><div><br= +>On Oct 10, 2017, at 8:09 AM, Paul Sztorc via bitcoin-dev <<a href=3D"mai= +lto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lis= +ts.<wbr>linuxfoundation.org</a>> wrote:<br><br></div><blockquote type=3D"= +cite"><div> + =20 + =20 + =20 + =20 + <div class=3D"m_1387969289276275631moz-cite-prefix">I think this respons= +e speaks for + itself.<br> + <br> + On 10/10/2017 10:09 AM, Tao Effect wrote:<br> + </div> + <blockquote type=3D"cite"> + =20 + =20 + <div>Hi Paul,</div> + <div><br> + </div> + <div>I thought it was clear, but apparently you are + getting stuck on the semantics of the word "burn".</div> + <div><br> + </div> + <div>The "burning" applies to the original coins you had.</div> + <div><br> + </div> + <div>When you transfer them back, you get newly minted + coins, equivalent to the amount you "burned" on the chain you're + transferring from =E2=80=94 as stated in the OP.</div> + <div><br> + </div> + <div>If you don't like the word "burn", pick another one.</div> + <div> + <span style=3D"color:rgb(0,0,0);font-family:Helvetica;font-size:14px= +;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacin= +g:normal;text-align:start;text-indent:0px;text-transform:none;white-space:no= +rmal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:nor= +mal;font-variant-alternates:normal;font-variant-east-asian:normal;line-heigh= +t:normal"><br class=3D"m_1387969289276275631Apple-interchange-newline"> + --</span><br style=3D"color:rgb(0,0,0);font-family:Helvetica;font-= +size:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;lett= +er-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white= +-space:normal;word-spacing:0px;font-variant-ligatures:normal;font-variant-nu= +meric:normal;font-variant-alternates:normal;font-variant-east-asian:normal;l= +ine-height:normal"> + <span style=3D"color:rgb(0,0,0);font-family:Helvetica;font-size:14px= +;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacin= +g:normal;text-align:start;text-indent:0px;text-transform:none;white-space:no= +rmal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:nor= +mal;font-variant-alternates:normal;font-variant-east-asian:normal;line-heigh= +t:normal">Please do not email me anything that + you are not comfortable also sharing</span><span style=3D"color:rg= +b(0,0,0);font-family:Helvetica;font-size:14px;font-style:normal;font-variant= +-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-= +indent:0px;text-transform:none;white-space:normal;word-spacing:0px;font-vari= +ant-ligatures:normal;font-variant-numeric:normal;font-variant-alternates:nor= +mal;font-variant-east-asian:normal;line-height:normal"> with the NSA.</= +span> + </div> + <br> + <div> + <blockquote type=3D"cite"> + <div>On Oct 10, 2017, at 4:20 AM, Paul Sztorc <<a href=3D"mailt= +o:truthcoin@gmail.com" target=3D"_blank">truthcoin@gmail.com</a>> wrote:<= +/div> + <br class=3D"m_1387969289276275631Apple-interchange-newline"> + <div> + <div dir=3D"auto">Haha, no. Because you "burned" the + coins.</div> + <div class=3D"gmail_extra"><br> + <div class=3D"gmail_quote">On Oct 10, 2017 1:20 AM, "Tao + Effect" <<a href=3D"mailto:contact@taoeffect.com" target=3D= +"_blank">contact@taoeffect.com</a>> + wrote:<br type=3D"attribution"> + <blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex= +;border-left:1px #ccc solid;padding-left:1ex"> + <div style=3D"word-wrap:break-word">Paul, + <div><br> + </div> + <div>It's a two-way peg.</div> + <div><br> + </div> + <div>There's nothing preventing transfers + back to the main chain.</div> + <div><br> + </div> + <div>They work in the exact same manner.</div> + <div><br> + </div> + <div>Cheers,</div> + <div>Greg<br> + <div> + <span style=3D"font-family:Helvetica;font-size:14px;= +font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing= +:normal;text-align:start;text-indent:0px;text-transform:none;white-space:nor= +mal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:norm= +al;font-variant-alternates:normal;font-variant-east-asian:normal;line-height= +:normal"><br class=3D"m_1387969289276275631m_8294306076325067848Apple-interc= +hange-newline"> + --</span><br style=3D"font-family:Helvetica;font-s= +ize:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;lette= +r-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-= +space:normal;word-spacing:0px;font-variant-ligatures:normal;font-variant-num= +eric:normal;font-variant-alternates:normal;font-variant-east-asian:normal;li= +ne-height:normal"> + <span style=3D"font-family:Helvetica;font-size:14px;= +font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing= +:normal;text-align:start;text-indent:0px;text-transform:none;white-space:nor= +mal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:norm= +al;font-variant-alternates:normal;font-variant-east-asian:normal;line-height= +:normal">Please do not email me + anything that you are not comfortable also + sharing</span><span style=3D"font-family:Helvetica= +;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:norma= +l;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none= +;white-space:normal;word-spacing:0px;font-variant-ligatures:normal;font-vari= +ant-numeric:normal;font-variant-alternates:normal;font-variant-east-asian:no= +rmal;line-height:normal"> with the NSA.</span> + </div> + <br> + <div> + <blockquote type=3D"cite"> + <div>On Oct 9, 2017, at 6:39 PM, Paul + Sztorc <<a href=3D"mailto:truthcoin@gmail.com= +" target=3D"_blank">truthcoin@gmail.com</a>> + wrote:</div> + <br class=3D"m_1387969289276275631m_82943060763250= +67848Apple-interchange-newline"> + <div> + <div dir=3D"auto"> + <div>That is only a one-way peg, + not a two-way.</div> + <div dir=3D"auto"><br> + </div> + <div dir=3D"auto">In fact, that is + exactly what drivechain does, if one + chooses parameters for the drivechain + that make it impossible for any + side-to-main transfer to succeed.</div> + <div dir=3D"auto"><br> + </div> + <div dir=3D"auto">One-way pegs have + strong first-mover disadvantages.</div> + <div dir=3D"auto"><br> + </div> + <div dir=3D"auto">Paul<br> + <div class=3D"gmail_extra" dir=3D"auto"><br>= + + <div class=3D"gmail_quote">On Oct 9, + 2017 9:24 PM, "Tao Effect via + bitcoin-dev" <<a href=3D"mailto:bitco= +in-dev@lists.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxf= +ounda<wbr>tion.org</a>> + wrote:<br type=3D"attribution"> + <blockquote class=3D"m_13879692892762756= +31m_8294306076325067848quote" style=3D"margin:0 0 0 .8ex;border-left:1px #cc= +c solid;padding-left:1ex"> + <div style=3D"word-wrap:break-word"> + <div style=3D"word-wrap:break-word">= +Dear list, + <div><br> + </div> + <div>In previous + arguments over Drivechain + (and Drivechain-like + proposals) I promised that + better scaling proposals =E2=80=94= + + that do not sacrifice + Bitcoin's security =E2=80=94 wou= +ld + come along.</div> + <div><br> + </div> + <div>I planned to do + a detailed writeup, but have + decided to just send off + this email with what I have, + because I'm unlikely to have + time to write up a detailed + proposal.</div> + <div><br> + </div> + <div>The idea is very + simple (and by no means + novel*), and I'm sure others + have mentioned either + exactly it, or similar ideas + (e.g. burning coins) before.</di= +v> + <div><br> + </div> + <div>This is a + generic sharding protocol + for all blockchains, + including Bitcoin.</div> + <div><br> + </div> + <div>Users simply + say: "My coins on Chain A + are going to be sent to + Chain B".</div> + <div><br> + </div> + <div>Then they burn + the coins on Chain A, and + create a minting transaction + on Chain B. The details of + how to ensure that coins do + not get lost needs to be + worked out, but I'm fairly + certain the folks on this + list can figure out those + details.</div> + <div><br> + </div> + <div>- Thin clients, + nodes, and miners, can all + very easily verify that said + action took place, and + therefore accept the "newly + minted" coins on B as valid.</di= +v> + <div>- Users client + software now also knows + where to look for the other + coins (if for some reason it + needs to).</div> + <div><br> + </div> + <div>This doesn't + even need much modification + to the Bitcoin protocol as + most of the verification is + done client-side.</div> + <div><br> + </div> + <div>It is fully + decentralized, and there's + no need to give our + ownership of our coins to + miners to get scale.</div> + <div><br> + </div> + <div>My sincere + apologies if this has been + brought up before (in which + case, I would be very + grateful for a link to the + proposal).</div> + <div><br> + </div> + <div>Cheers,</div> + <div>Greg Slepak</div> + <div><br> + </div> + <div>* This idea is + similar in spirit to + Interledger.</div> + <div><br> + </div> + <div> + <div> + <div><span style=3D"font-famil= +y:Helvetica;font-size:14px;font-style:normal;font-variant-caps:normal;font-w= +eight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-tra= +nsform:none;white-space:normal;word-spacing:0px;font-variant-ligatures:norma= +l;font-variant-numeric:normal;font-variant-alternates:normal;font-variant-ea= +st-asian:normal;line-height:normal">--</span><br style=3D"font-family:Helvet= +ica;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:no= +rmal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:n= +one;white-space:normal;word-spacing:0px;font-variant-ligatures:normal;font-v= +ariant-numeric:normal;font-variant-alternates:normal;font-variant-east-asian= +:normal;line-height:normal"> + <span style=3D"font-family:H= +elvetica;font-size:14px;font-style:normal;font-variant-caps:normal;font-weig= +ht:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transf= +orm:none;white-space:normal;word-spacing:0px;font-variant-ligatures:normal;f= +ont-variant-numeric:normal;font-variant-alternates:normal;font-variant-east-= +asian:normal;line-height:normal">Please do not + email me anything that + you are not + comfortable also + sharing</span><span style=3D= +"font-family:Helvetica;font-size:14px;font-style:normal;font-variant-caps:no= +rmal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0= +px;text-transform:none;white-space:normal;word-spacing:0px;font-variant-liga= +tures:normal;font-variant-numeric:normal;font-variant-alternates:normal;font= +-variant-east-asian:normal;line-height:normal"> with the + NSA.</span> + </div> + <br> + </div> + </div> + </div> + </div> + <br> + ______________________________<wbr>___= +______________<br> + bitcoin-dev mailing list<br> + <a href=3D"mailto:bitcoin-dev@lists.li= +nuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundat<wbr>ion.= +org</a><br> + <a href=3D"https://lists.linuxfoundati= +on.org/mailman/listinfo/bitcoin-dev" rel=3D"noreferrer" target=3D"_blank">ht= +tps://lists.linuxfoundation.<wbr>org/mailman/listinfo/bitcoin-d<wbr>ev</a><b= +r> + <br> + </blockquote> + </div> + <br> + </div> + </div> + </div> + </div> + </blockquote> + </div> + <br> + </div> + </div> + </blockquote> + </div> + </div> + </div> + </blockquote> + </div> + <br> + </blockquote> + <p><br> + </p> + =20 + +</div></blockquote><blockquote type=3D"cite"><div><span>____________________= +__________<wbr>_________________</span><br><span>bitcoin-dev mailing list</s= +pan><br><span><a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" targe= +t=3D"_blank">bitcoin-dev@lists.<wbr>linuxfoundation.org</a></span><br><span>= +<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" t= +arget=3D"_blank">https://lists.linuxfoundation.<wbr>org/mailman/listinfo/bit= +coin-<wbr>dev</a></span><br></div></blockquote></div></div><br>_____________= +_________________<wbr>_________________<br> +bitcoin-dev mailing list<br> +<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.<= +wbr>linuxfoundation.org</a><br> +<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" r= +el=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.<wbr>org/m= +ailman/listinfo/bitcoin-<wbr>dev</a><br> +<br></blockquote></div></div> +</div></blockquote></body></html>= + +--Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885-- + |