Re: [bitcoin-dev] [Lightning-dev] Removing the Dust Limit

2021-08-09 Thread Jeremy via bitcoin-dev
You might be interested in https://eprint.iacr.org/2017/1066.pdf which claims that you can make CT computationally hiding and binding, see section 4.6. with respect to utreexo, you might review https://github.com/mit-dci/utreexo/discussions/249?sort=new which discusses tradeoffs between different

Re: [bitcoin-dev] Exploring: limiting transaction output amount as a function of total input value

2021-08-09 Thread ZmnSCPxj via bitcoin-dev
fromGood morning Zac, With some work, what you want can be implemented, to some extent, today, without changes to consensus. The point you want, I believe, is to have two sets of keys: * A long-term-storage keyset, in "cold" storage. * A short-term-spending keyset, in "warm" storage,

Re: [bitcoin-dev] Boost Bitcoin circulation, Million Transactions Per Second with stronger privacy

2021-08-09 Thread raymo via bitcoin-dev
Hi Chris, Thanks for your detailed answer. So, as you answered there is an uncertainty about this case. For me, even this uncertainty would be a good point to start. Because if the miners realize the potentiality for increasing revenue under Sabu protocol, very soon they will want to update their

Re: [bitcoin-dev] Boost Bitcoin circulation, Million Transactions Per Second with stronger privacy

2021-08-09 Thread raymo via bitcoin-dev
Hi s7r, I already answered to ZmnSCPxj's comments. Let’s go to yours. > If it is a child transaction of the Main Transaction Sorry for my shortcoming in English, because it caused the misunderstanding of proposal. There is not any relation between Main Transaction and Guarantee transaction. when

Re: [bitcoin-dev] [Lightning-dev] Removing the Dust Limit

2021-08-09 Thread Antoine Riard via bitcoin-dev
I'm pretty conservative about increasing the standard dust limit in any way. This would convert a higher percentage of LN channels capacity into dust, which is coming with a lowering of funds safety [0]. Of course, we can adjust the LN security model around dust handling to mitigate the safety

Re: [bitcoin-dev] Removing the Dust Limit

2021-08-09 Thread Karl via bitcoin-dev
Why would removing the dust limit impact decentralisation of mining if miners can reconfigure the dust limit for their mined blocks? ___ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org

Re: [bitcoin-dev] Removing the Dust Limit

2021-08-09 Thread Prayank via bitcoin-dev
> As feerates have gone up over time, and as we expect them to go up further, >we should be considering drastically increasing the 3 sat/vByte basis to >something more like 20 sat/vB. I have no opinion on changing or removing dust limit. However, fee rates are not going up. Yes, we expect them