Return-Path: Received: from smtp1.osuosl.org (smtp1.osuosl.org [140.211.166.138]) by lists.linuxfoundation.org (Postfix) with ESMTP id 7D8D1C001A for ; Fri, 25 Feb 2022 15:56:40 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp1.osuosl.org (Postfix) with ESMTP id 6C70E83F12 for ; Fri, 25 Feb 2022 15:56:40 +0000 (UTC) X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -2.098 X-Spam-Level: X-Spam-Status: No, score=-2.098 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_FROM=0.001, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Authentication-Results: smtp1.osuosl.org (amavisd-new); dkim=pass (2048-bit key) header.d=gmail.com Received: from smtp1.osuosl.org ([127.0.0.1]) by localhost (smtp1.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id tsADkQDdPweL for ; Fri, 25 Feb 2022 15:56:39 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 Received: from mail-ej1-x631.google.com (mail-ej1-x631.google.com [IPv6:2a00:1450:4864:20::631]) by smtp1.osuosl.org (Postfix) with ESMTPS id 294A583F09 for ; Fri, 25 Feb 2022 15:56:39 +0000 (UTC) Received: by mail-ej1-x631.google.com with SMTP id gb39so11752917ejc.1 for ; Fri, 25 Feb 2022 07:56:39 -0800 (PST) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20210112; h=mime-version:references:in-reply-to:from:date:message-id:subject:to :cc; bh=2j75S5RewdpYONdtpaVGFbUpPei1Wleh6t9suT2bmfU=; b=YpecsWAQdJVfnRvq9Z4hKdbTpM1ddzN7wcNgsz1wbvQvrCaqnqR++BdG2/OeugN4+1 hMoVFWRw7McSTjUT5RapOl8AC4Y+fv9TRtJXOjW0MyFV/m5xyuqA4kzzM2yshqudTNt4 y066RnhA8CaaCdufagm2n8G3mHMkSrGvfDygmebKh8EXkR8OVTwIcGSQ9uRyzJYbXjo+ RN8QLYy0P1Gq3S7ntGjpKy3Mg+CYW4SACzCPxWNVzPCJ0B+ukb6PTyTHZOtG5sCQYHGj w28rZOpcotlrXUyGcoTP7KGY5IWT320qMBmQHHM28ZdvhxXvSg5/9p+Oe2MuXl+UT/Rr rd/A== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20210112; h=x-gm-message-state:mime-version:references:in-reply-to:from:date :message-id:subject:to:cc; bh=2j75S5RewdpYONdtpaVGFbUpPei1Wleh6t9suT2bmfU=; b=wJA/T7q8yB47BQQi645lTBu6NaCvC/otqcb5v1vb+aPvqAM4WQt+kiQ88HBXOq0lNE z2SJy4osB5meHZrTtDNvLi2SCUxwTve0Dii17vWcKZTNUVB5xDZCgi+JwMKun9YViUJf 4nEzMVnWY6iMGMNLjEHjAy27k/FhX3sLlN5HMHk4P/wdfU+EzdojrZPrQYVINfaJj7q3 gYfvlpMzZjGa1nQ8O7DRhCFy2byPCV1Q7Lou3RIhibb5GTcdFFSFPPl5t7pD/qOTCyqE 38+G6ua55QkzkJnBKtPXhCIczZjzmcJB8i6k1G5D5D3jl+4qGykjdyaOXmO45d/8swKS 8Csg== X-Gm-Message-State: AOAM531OB0FCkVUb6sqXmbOMWSpwL8+UFdQZgCUJRfaUXVnzyaU+rPoX 8grdfFwi9jShA/6wuvGWMpOPFiO4PZzL7oxkxLuvQCYD X-Google-Smtp-Source: ABdhPJx+uFbcq1n/2ssxfukOx97Sw7udDWXOnVPTmiy8ZRTgKT5rCrLmRTwvkTj05bB5Z3BIDwU8X23wdyKKE3xFsJQ= X-Received: by 2002:a17:906:93f7:b0:6cc:6319:6c43 with SMTP id yl23-20020a17090693f700b006cc63196c43mr6868204ejb.176.1645804597184; Fri, 25 Feb 2022 07:56:37 -0800 (PST) MIME-Version: 1.0 References: <0642a5e59464779569f9d0aab452ee27@willtech.com.au> <96471a093e3c3d9862c3d47ebe731df6@willtech.com.au> In-Reply-To: From: Billy Tetrud Date: Fri, 25 Feb 2022 09:56:24 -0600 Message-ID: To: AdamISZ Content-Type: multipart/alternative; boundary="000000000000628beb05d8d9be20" X-Mailman-Approved-At: Fri, 25 Feb 2022 16:34:40 +0000 Cc: Bitcoin Protocol Discussion Subject: Re: [bitcoin-dev] Draft-BIP: Ordinal Numbers X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Fri, 25 Feb 2022 15:56:40 -0000 --000000000000628beb05d8d9be20 Content-Type: text/plain; charset="UTF-8" > El Gamal commitments, for example, are perfectly binding but only computationally hiding. That's very interesting. I stand corrected in that respect. Thanks for the information Adam! On Fri, Feb 25, 2022, 05:17 AdamISZ wrote: > > I really don't see a world where bitcoin goes that route. Hiding coin > amounts would make it impossible to audit the blockchain and verify that > there hasn't been inflation and the emission schedule is on schedule. It > would inherently remove unconditional soundness from bitcoin and replace it > with computational soundness. Even if bitcoin did adopt it, it would keep > backwards compatibility with old style addresses which could continue to > use ordinals. > > Nit: it isn't technically correct to say that amount hiding "inherently > removes unconditional soundness". Such commitments can be either perfectly > hiding or perfectly binding; it isn't even logically possible for them to > be both, sadly. But we are not forced to choose perfect binding; El Gamal > commitments, for example, are perfectly binding but only computationally > hiding. > --000000000000628beb05d8d9be20 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
>=C2=A0El Gamal commitments, for example, are perfectly binding but only compu= tationally hiding.

That&#= 39;s very interesting. I stand corrected in that respect. Thanks for the in= formation Adam!

On Fri, Feb 25, 2022, 05:17 AdamISZ <A= damISZ@protonmail.com> wrote: