[bitcoin-dev] Is BIP32's chain code needed?

2020-09-29 Thread Leonardo Comandini via bitcoin-dev
Hi all, BIP32 [1] says: "In order to prevent these from depending solely on the key itself, we extend both private and public keys first with an extra 256 bits of entropy. This extension, called the chain code...". My argument is that the chain code is not needed. To support such claim, I'll

Re: [bitcoin-dev] Floating-Point Nakamoto Consensus

2020-09-29 Thread Mike Brooks via bitcoin-dev
Hey Frank, Firstly, I must commend you on two very good questions. The reason why I chose to maximize the value is because I approached this as an optimization problem to be solved with a genetic algorithm, and it fit with my internal model of a kind of relay race that moves forward faster. When

Re: [bitcoin-dev] Floating-Point Nakamoto Consensus

2020-09-29 Thread LORD HIS EXCELLENCY JAMES HRMH via bitcoin-dev
Good Afternoon, Re: [bitcoin-dev] Floating-Point Nakamoto Consensus I note that the discussion thread for this proposal has previously received HARD_NAK I note in the whitepaper the following basic introduction of need: >As a result anode will simply adopt the first solution seen, creating a