Right, you can avoid the storage cost at the cost of significantly higher CPU usage, plus lack of ability to
batch-validate. As Robert pointed out in a neighboring mail, it also reduces ability to do other, fancier, protocols
using the fact that public keys are now a public part of a script_pubkey.
Overall, the tradeoffs here seem ludicrous, given that any QC issues in Bitcoin need to be solved in another way, and
can't practically be solved by just relying on the existing hash indirection.
Matt
On 3/15/21 18:40, Jeremy wrote:
I think Luke is pointing out that with the Signature and the Message you should
be able to recover the key.
if your address is H(P) and the message is H(H(P) || txn), then the you can use the public H(P) and the signature to
recover the PK and verify that H(P) == P (I think you then don't even have to check the signature after doing that).
Therefore there is no storage benefit.
For the script path case, you might have to pay a little bit extra though as you'd have to reveal P I think? But perhaps
that can be avoided another way...
--
@JeremyRubin <https://twitter.com/JeremyRubin><https://twitter.com/JeremyRubin>
On Mon, Mar 15, 2021 at 3:06 PM Matt Corallo via bitcoin-dev <[email protected]
<mailto:[email protected]>> wrote:
There have been many threads on this before, I'm not sure anything new has
been brought up here.
Matt
On 3/15/21 17:48, Luke Dashjr via bitcoin-dev wrote:
> I do not personally see this as a reason to NACK Taproot, but it has
become
> clear to me over the past week or so that many others are unaware of this
> tradeoff, so I am sharing it here to ensure the wider community is aware
of
> it and can make their own judgements.
Note that this is most definitely *not* news to this list, eg, Anthony brought
it up in "Schnorr and taproot (etc)
upgrade" and there was a whole thread on it in "Taproot: Privacy preserving
switchable scripting". This issue has been
beaten to death, I'm not sure why we need to keep hitting the poor horse
corpse.
>
> In short, Taproot loses an important safety protection against quantum.
> Note that in all circumstances, Bitcoin is endangered when QC becomes a
> reality, but pre-Taproot, it is possible for the network to "pause"
while a
> full quantum-safe fix is developed, and then resume transacting. With
Taproot
> as-is, it could very well become an unrecoverable situation if QC go
online
> prior to having a full quantum-safe solution.
This has been discussed ad nauseam, and it all seems to fall apart once its
noted just how much Bitcoin could be stolen
by any QC-wielding attacker due to address reuse. Ultimately, no "pause"
can solve this issue, and, if we learned about
a QC attacker overnight (instead of slowly over time), there isn't anything
that a non-Taproot Bitcoin could do that a
Taproot Bitcoin couldn't.
> Also, what I didn't know myself until today, is that we do not actually
gain
> anything from this: the features proposed to make use of the raw keys
being
> public prior to spending can be implemented with hashed keys as well.
> It would use significantly more CPU time and bandwidth (between private
> parties, not on-chain), but there should be no shortage of that for
anyone
> running a full node (indeed, CPU time is freed up by Taproot!); at
worst, it
> would create an incentive for more people to use their own full node,
which
> is a good thing!
This is untrue. The storage space required for Taproot transactions is
materially reduced by avoiding the hash
indirection.
> Despite this, I still don't think it's a reason to NACK Taproot: it
should be
> fairly trivial to add a hash on top in an additional softfork and fix
this.
For the reason stated above, i think such a fork is unlikely.
> In addition to the points made by Mark, I also want to add two more, in
> response to Pieter's "you can't claim much security if 37% of the supply
is
> at risk" argument. This argument is based in part on the fact that many
> people reuse Bitcoin invoice addresses.
>
> First, so long as we have hash-based addresses as a best practice, we can
> continue to shrink the percentage of bitcoins affected through social
efforts
> discouraging address use. If the standard loses the hash, the situation
> cannot be improved, and will indeed only get worse.
I truly wish this were the case, but we've been beating that drum for at
least nine years and still haven't solved it.
Worse, there's a lot of old coins that are unlikely to move any time soon
that are exposed whether we like it or not.
> Second, when/if quantum does compromise these coins, so long as they are
> neglected or abandoned/lost coins (inherent in the current model), it
can be
> seen as equivalent to Bitcoin mining. At the end of the day, 37% of
supply
> minable by QCs is really no different than 37% minable by ASICs. (We've
seen
> far higher %s available for mining obviously.)
Except its not? One entity would be able to steal that entire block of
supply rather quickly (presumably over the
course
of a few days, at maximum), instead of a slow process with significant
upfront real-world cost in the form of
electricity.
_______________________________________________
bitcoin-dev mailing list
[email protected]
<mailto:[email protected]>
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
<https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>
_______________________________________________
bitcoin-dev mailing list
[email protected]
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
