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Date: Mon, 4 Sep 2017 10:06:44 -0400
From: Peter Todd <pete@petertodd.org>
To: Gregory Maxwell <greg@xiph.org>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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On Mon, Aug 28, 2017 at 05:12:15PM +0000, Gregory Maxwell via bitcoin-dev w=
rote:
> You are leaving a lot of bytes on the table.
>=20
> The bits field can only change every 2016 blocks (4 bytes per header),
> the timestamp can not be less than the median of the last 11 and is
> usually only a small amount over the last one (saves 2 bytes per
> header), the block version is usually one of the last few (save 3
> bytes per header).
>=20
> But all these things improvements are just a constant factor. I think
> you want the compact SPV proofs described in the appendix of the
> sidechains whitepaper which creates log scaling proofs.
Note that I'm already planning on OpenTimestamps having infrastructure for
trusted validity attestations; log scaling proofs alone only prove total wo=
rk,
not validity. Timestamping has all kinds of very dubious security properties
when done via proof-of-work, due to various ways that miners can get away w=
ith
inaccurate block times. In particular, setting a block time backwards is
something that miners can do, particularly with majority hashing power, whi=
ch
is the exact thing we're trying to prevent in a timestamp proof.
This all makes me dubious about risking further weakening of this already w=
eak
security with compact SPV proofs; we'd need a lot more analysis to understa=
nd
what we're risking. Also note that we can ship a known-good
sum-merkle-tree tip hash with the software, which further reduces initial
download bandwidth needed to get the block headers on top of this obviously
safe eliding of redundant hashes.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
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