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authorDmitry Petukhov <dp@simplexum.com>2019-08-08 17:05:05 +0500
committerbitcoindev <bitcoindev@gnusha.org>2019-08-08 12:03:51 +0000
commit7c9d451a36c04e198e2094c7f1d42ddcd1cf7d61 (patch)
tree84eac4f80cf18f3e61e3d5230e662f7b8c589c08
parent95d3450ded55dd450fe179510c607812910d5dbc (diff)
downloadpi-bitcoindev-7c9d451a36c04e198e2094c7f1d42ddcd1cf7d61.tar.gz
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Re: [bitcoin-dev] Improving JoinMarket's resistance to sybil attacks using fidelity bonds
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+Date: Thu, 8 Aug 2019 17:05:05 +0500
+From: Dmitry Petukhov <dp@simplexum.com>
+To: Dmitry Petukhov via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org>
+Message-ID: <20190808170505.4169585f@simplexum.com>
+In-Reply-To: <20190807201017.2a03b971@simplexum.com>
+References: <985792b1-e7aa-677b-a7a1-6a5f672da884@riseup.net>
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+Subject: Re: [bitcoin-dev] Improving JoinMarket's resistance to sybil
+ attacks using fidelity bonds
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+=D0=92 Wed, 7 Aug 2019 20:10:17 +0500
+Dmitry Petukhov via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org>
+wrote:
+
+> In shared ownership rent scheme that ZmnSCPxj described in [1],
+> the 'TXO rentier' has a signed timelocked 'backout' transaction that
+> spends the locked TXO, and assigns the reward to rentier.
+>=20
+> If we say that any transaction that spends any TXO in the bond
+> (ignoring the timelock), invalidates the bond when presented to
+> takers, then TXO rentier can revoke the bond by simply
+> publishing this transaction (not to the blockchain, but by some other
+> means so that takers can receive it).
+>=20
+> The transaction validity can be verified, with the relaxed rules that
+> ignores the timelock. After it is verified, takers mark the whole
+> bond as revoked and will not consider it when chosing makers.
+
+The backout transaction might not be timelocked itself, but can depend
+on another timelocked transaction (made specifically to avoid the
+backout transaction be timelocked). That extra transaction will need to
+be broadcast before the backout transaction.
+
+To account for that possibility, takers would need to either use more
+relaxed verification rules (do not check if the inputs of the 'snitch
+transaction' exist), or would need to check the whole package of
+dependent transactions in which the last one spends the bond.=20
+