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authorLuke Dashjr <luke@dashjr.org>2019-02-15 15:18:18 +0000
committerbitcoindev <bitcoindev@gnusha.org>2019-02-15 15:27:01 +0000
commitb6172cde43fa917630808c9fa75ef1e6d0c66466 (patch)
tree3667e5bee5a7751c17273aba5e0ad0dee8976b4f
parentfebdaad2fdb079e27e598511c0715cd2a9b969e9 (diff)
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Re: [bitcoin-dev] [BIP Proposal] Simple Proof-of-Reserves Transactions
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+From: Luke Dashjr <luke@dashjr.org>
+To: bitcoin-dev@lists.linuxfoundation.org, Steven Roose <stevenroose@gmail.com>
+Date: Fri, 15 Feb 2019 15:18:18 +0000
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+Subject: Re: [bitcoin-dev] [BIP Proposal] Simple Proof-of-Reserves
+ Transactions
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+On Tuesday 29 January 2019 22:03:04 Steven Roose via bitcoin-dev wrote:
+> The existence of the first input (which is just a commitment hash) ensures
+> that this transaction is invalid and can never be confirmed.
+
+But nodes can never prove the transaction is invalid, thus if sent it, they
+will likely cache the "transaction", taking up memory. I'm not sure if this
+is an actual problem, as an attacker can fabricate such transactions anyway.
+
+> #:Not all systems that will be used for verification have access to a full
+> index of all transactions. However, proofs should be easily verifiable
+> even after some of the UTXOs used in the proof are no longer unspent.
+> Metadata present in the proof allows for relatively efficient verification
+> of proofs even if no transaction index is available.
+
+I don't see anything in the format that would prove unspentness...
+
+> The proposed proof-file format provides a standard way of combining
+> multiple proofs and associated metadata. The specification of the format
+> is in the Protocol
+> Buffers<ref>https://github.com/protocolbuffers/protobuf/</ref> format.
+
+IIRC, this has been contentious for its use in BIP70 and may hinder adoption.
+
+> message OutputMeta {
+> // Identify the outpoint.
+> bytes txid = 1;
+> uint32 vout = 2;
+>
+> // The block hash of the block where this output was created.
+> bytes block_hash = 3;
+
+This isn't really sufficient. There should probably be a merkle proof.
+
+Luke
+