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| author | Jeff Garzik <jgarzik@gmail.com> | 2015-12-17 13:27:13 -0500 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2015-12-17 18:27:13 +0000 |
| commit | 5b3ba012834b939fd9b3d262ec59d5079a900ada (patch) | |
| tree | 640faf7b978a3733ed10fc39ade2d659a5c8b425 | |
| parent | 11a3cfbacf5189d3bba7a17c93841adf19a4d141 (diff) | |
| download | pi-bitcoindev-5b3ba012834b939fd9b3d262ec59d5079a900ada.tar.gz pi-bitcoindev-5b3ba012834b939fd9b3d262ec59d5079a900ada.zip | |
Re: [bitcoin-dev] Segregated Witness in the context of Scaling Bitcoin
| -rw-r--r-- | e8/04e34c3b4746649850626b1cc1e08a38f6ed57 | 120 |
1 files changed, 120 insertions, 0 deletions
diff --git a/e8/04e34c3b4746649850626b1cc1e08a38f6ed57 b/e8/04e34c3b4746649850626b1cc1e08a38f6ed57 new file mode 100644 index 000000000..1919ecc77 --- /dev/null +++ b/e8/04e34c3b4746649850626b1cc1e08a38f6ed57 @@ -0,0 +1,120 @@ +Return-Path: <jgarzik@gmail.com> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id F2B87CB8 + for <bitcoin-dev@lists.linuxfoundation.org>; + Thu, 17 Dec 2015 18:27:13 +0000 (UTC) +X-Greylist: whitelisted by SQLgrey-1.7.6 +Received: from mail-ig0-f172.google.com (mail-ig0-f172.google.com + [209.85.213.172]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 9BE26108 + for <bitcoin-dev@lists.linuxfoundation.org>; + Thu, 17 Dec 2015 18:27:13 +0000 (UTC) +Received: by mail-ig0-f172.google.com with SMTP id mv3so18485473igc.0 + for <bitcoin-dev@lists.linuxfoundation.org>; + Thu, 17 Dec 2015 10:27:13 -0800 (PST) +DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; + h=mime-version:in-reply-to:references:date:message-id:subject:from:to + :cc:content-type; + bh=7iiQRvqtEa4rcLOWObXMPMo7Y3A6VhJOwznBArnLlxA=; + b=K4TSbIAm8coNTu8axQH3GDlC9BCc25/sQMGIGBE/7LA4/SMdg/e7F1+TbA4mjRz/uZ + +0ZbToZ/PAePbH/jvMKE6Puml7+XudokXS3yLfl2mwh55ngF4TEVBJYwvTJg73enIbVF + mDEOj6b0Ogt5n4Mki0Tge0U8nknH9MxkxU9buasvshbqraJax53rh7+gB0zbnMheDJwc + 5eFds+IskELdaYOeSEBMEinFMlyDEoNokDbCTDxutHtFgCpkgOBEztW/6Cq04MuIKT3U + WRzc9/gbplP1gRsaO6z+szpOlCx/nhbgy6FBAYH1gKvZj5e2jeBdE4I8I6aSi1998+3p + Mp4A== +MIME-Version: 1.0 +X-Received: by 10.50.36.105 with SMTP id p9mr5657271igj.54.1450376833134; Thu, + 17 Dec 2015 10:27:13 -0800 (PST) +Received: by 10.79.8.198 with HTTP; Thu, 17 Dec 2015 10:27:13 -0800 (PST) +In-Reply-To: <CADm_WcZbbv9zy_5kN264GhYC_kBBr+Leoi0y1PA4pm23CaW3QQ@mail.gmail.com> +References: <CADm_WcYWh5EnBCzQQVc04sf-0seh2zrmc+5dH8Z-Bo78jhPnfA@mail.gmail.com> + <CAPg+sBhUso0ddfYQMgwF7yX9_VoqP9CZN5h45t3eQi4v3m6f6A@mail.gmail.com> + <CADm_WcYZq3nzfYMXfzkZsTCsgmzy4L_nYpa5Kax8uF_ajuUTiQ@mail.gmail.com> + <CAPg+sBiVVcNNHuV9e1SaPoDSMEwjZHL7tQiszxbE2SQYp1Ongw@mail.gmail.com> + <CADm_WcZbbv9zy_5kN264GhYC_kBBr+Leoi0y1PA4pm23CaW3QQ@mail.gmail.com> +Date: Thu, 17 Dec 2015 13:27:13 -0500 +Message-ID: <CADm_WcbiLCU3yuSfWEJbLDWhfc-9kYFJFCo+fRYyENAsvParng@mail.gmail.com> +From: Jeff Garzik <jgarzik@gmail.com> +To: Pieter Wuille <pieter.wuille@gmail.com> +Content-Type: multipart/alternative; boundary=089e01176343edf66a05271c2b2c +X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, + DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_LOW + autolearn=ham version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +Cc: Bitcoin development mailing list <bitcoin-dev@lists.linuxfoundation.org> +Subject: Re: [bitcoin-dev] Segregated Witness in the context of Scaling + Bitcoin +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +List-Id: Bitcoin Development 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: Thu, 17 Dec 2015 18:27:14 -0000 + +--089e01176343edf66a05271c2b2c +Content-Type: text/plain; charset=UTF-8 + +On Wed, Dec 16, 2015 at 5:09 PM, Jeff Garzik <jgarzik@gmail.com> wrote: + +> SW presents a blended price and blended basket of two goods. You can +> interact with the Service through the blended price, but that does not +> erase the fact that the basket contains two separate from similar resources. +> +> A different set of economic actors uses one resource, and/or both. There +> are explicit incentives to shift actors from solely using one resource to +> using both. +> + +Illustration: If SW is deployed via soft fork, the count of nodes that +validate witness data is significantly lower than the count of nodes that +validate non-witness data. Soft forks are not trustless operation, they +depend on miner trust, slowly eroding the trustless validation of older +nodes over time. + +Higher security in one data area versus another produces another economic +value distinction between the two goods in the basket, and creates a "pay +more for higher security in core block, pay less for lower security in +witness" dynamic. + +This economic distinction is not present if SW is deployed via hard fork. + +--089e01176343edf66a05271c2b2c +Content-Type: text/html; charset=UTF-8 +Content-Transfer-Encoding: quoted-printable + +<div dir=3D"ltr">On Wed, Dec 16, 2015 at 5:09 PM, Jeff Garzik <span dir=3D"= +ltr"><<a href=3D"mailto:jgarzik@gmail.com" target=3D"_blank">jgarzik@gma= +il.com</a>></span> wrote:<br><div class=3D"gmail_extra"><div class=3D"gm= +ail_quote"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;bor= +der-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div>SW presents= + a blended price and blended basket of two goods.=C2=A0 You can interact wi= +th the Service through the blended price, but that does not erase the fact = +that the basket contains two separate from similar resources.</div><div><br= +></div><div>A different set of economic actors uses one resource, and/or bo= +th.=C2=A0 There are explicit incentives to shift actors from solely using o= +ne resource to using both.</div><div></div></div></blockquote></div><br></d= +iv><div class=3D"gmail_extra">Illustration: =C2=A0If SW is deployed via sof= +t fork, the count of nodes that validate witness data is significantly lowe= +r than the count of nodes that validate non-witness data.=C2=A0 Soft forks = +are not trustless operation, they depend on miner trust, slowly eroding the= + trustless validation of older nodes over time.</div><div class=3D"gmail_ex= +tra"><br></div><div class=3D"gmail_extra">Higher security in one data area = +versus another produces another economic value distinction between the two = +goods in the basket, and creates a "pay more for higher security in co= +re block, pay less for lower security in witness" dynamic.</div><div c= +lass=3D"gmail_extra"><br></div><div class=3D"gmail_extra">This economic dis= +tinction is not present if SW is deployed via hard fork.</div><div class=3D= +"gmail_extra"><br></div><div class=3D"gmail_extra"><br></div><div class=3D"= +gmail_extra"><br></div><div class=3D"gmail_extra"><br></div><div class=3D"g= +mail_extra"><br></div></div> + +--089e01176343edf66a05271c2b2c-- + |