Re: [bitcoin-dev] Generalized covenants with taproot enable riskless or risky lending, prevent credit inflation through fractional reserve

2019-06-29 Thread Eric Voskuil via bitcoin-dev
> On Jun 28, 2019, at 12:21, Tamas Blummer wrote: > > Hi Eric, > > Thank you for your questions as they show what concepts need further > explanation, so you understand the potential of this proposal and how it is > helpful to the ecosystem. > > Riskless zero bond is in fact the most basic c

Re: [bitcoin-dev] Generalized covenant to implement side chains embedded into the bitcoin block chain

2019-06-29 Thread ZmnSCPxj via bitcoin-dev
Good morning Tamas, While I think covenants for some kind of debt tool is mildly interesting and an appropriate solution, I wonder about this particular use-case. It seems to me that, as either the `Transfer` signers or `Exit` signers are always involved, that the `Transfer` signers can be cons

Re: [bitcoin-dev] Generalized covenants with taproot enable riskless or risky lending, prevent credit inflation through fractional reserve

2019-06-29 Thread David A. Harding via bitcoin-dev
On Fri, Jun 28, 2019 at 10:27:16AM +0200, Tamas Blummer via bitcoin-dev wrote: > The value of these outputs to Charlie is the proof that he has > exclusive control of the coins until maturity. > > Alice can not issue promissory notes in excess of own capital or > capital that she was able to borrow

Re: [bitcoin-dev] BIP174 extension proposal (Global Type: PSBT_GLOBAL_XPUB_SIGNATURE)

2019-06-29 Thread Jonathan Underwood via bitcoin-dev
Even if the difference is apparent outside the signed data (in the output). Signing the data explicitly is more secure. ie. if some sort of vulnerability / way to break this system for 1-of-1 multisig is found, someone who signed a single sig xpub whitelist will not be exposed. 2019年6月29日(土) 13:4