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authorAdam Back <adam@cypherspace.org>2013-10-01 21:11:43 +0200
committerbitcoindev <bitcoindev@gnusha.org>2013-10-01 19:11:54 +0000
commit790baed830dcdb6db2b425551f66c36d2cc650c9 (patch)
tree4b0407ef0a660e9fd97eb6ebb5d6785e46b06246
parentbe1f0eb9aa2727f459f298fc557431ceb553cc0c (diff)
downloadpi-bitcoindev-790baed830dcdb6db2b425551f66c36d2cc650c9.tar.gz
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Re: [Bitcoin-development] homomorphic coin value (validatable but encrypted) (Re: smart contracts -- possible use case? yes or no?)
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+Date: Tue, 1 Oct 2013 21:11:43 +0200
+From: Adam Back <adam@cypherspace.org>
+To: Mark Friedenbach <mark@monetize.io>
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+Subject: Re: [Bitcoin-development] homomorphic coin value (validatable but
+ encrypted) (Re: smart contracts -- possible use case? yes or no?)
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+
+Err actually not (efficient) I made a mistake that came out when I started
+writing it up about how the t parameter in the proof relates to bitcoin
+precision and coin representation (I thought t=2, but t=51). Damn! Back to
+the not so efficient version (which is more zerocoin-esque in size/cost), or
+the more experimental Schoenmaker non-standard p, q non EC one, or other
+creative ideas to change the coin representation to simplify the proof (of
+which this was a failed attempt). See the bitcointalk thread for details.
+
+https://bitcointalk.org/index.php?topic=305791.new#new
+
+Adam
+
+On Tue, Oct 01, 2013 at 04:26:03PM +0200, Adam Back wrote:
+>On Sun, Sep 29, 2013 at 10:49:00AM -0700, Mark Friedenbach wrote:
+>>This kind of thing - providing external audits of customer accounts
+>>without revealing private data - would be generally useful beyond
+>>taxation. If you have any solutions, I'd be interested to hear them
+>>(although bitcoin-dev is probably not the right place yet).
+>
+>Thanks for providing the impetus to write down the current state, the
+>efficient version of which I only figured out a few days ago :)
+>
+>I have been researching this for a few months on and off, because it seems
+>like an interesting construct in its own right, a different aspect of
+>payment privacy (eg for auditable but commercial sensistive information) but
+>also that other than its direct use it may enable some features that we have
+>not thought of yet.
+>
+>I moved it to bitcointalk:
+>
+>https://bitcointalk.org/index.php?topic=305791.new#new
+>
+>Its efficient finally (after many dead ends): approximately 2x cost of
+>current in terms of coin size and coin verification cost, however it also
+>gives some perf advantages back in a different way - necessary changes to
+>schnorr (EC version of Schnorr based proofs) allow n of n multiparty sigs,
+>or k of n multiparty sigs for the verification cost and signature size of
+>one pair of ECS signatures, for n > 2 its a space and efficiency improvement
+>over current bitcoin.
+>
+>Adam
+
+