On Tue, Nov 8, 2022 at 2:13 AM Salvatore Ingala via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
>
> I have been working on some notes to describe an approach that uses
> covenants in order to enable general smart contracts in bitcoin. You can
> find them here:
>
> https://merkl
--- Original Message ---
On Tuesday, November 8th, 2022 at 3:49 PM, Erik Aronesty wrote:
>> I think it's pretty clear that the "competitive nature of PoW" is not
>> referring to verification nodes
>
> cool, so we can agree there is no accepted centralization pressure for
> validating no
--- Original Message ---
On Tuesday, November 8th, 2022 at 2:16 PM, Erik Aronesty wrote:
>> A) to not increase the workload of full-nodes
>
> yes, this is critical
>
>> given the competitive nature of PoW itself
>
> validating nodes do not compete with PoW, i think maybe you are not sure
> I think it's pretty clear that the "competitive nature of PoW" is not
referring to verification nodes
cool, so we can agree there is no accepted centralization pressure for
validating nodes then
> layers also add fees to users
source? i feel like it's obvious that the tree-like efficiencies s
> A) to not increase the workload of full-nodes
yes, this is critical
> given the competitive nature of PoW itself
validating nodes do not compete with PoW, i think maybe you are not sure of
the difference between a miner and a node
nodes do validation of transactions, they do this for free, a
Peter,
It sounds like there are two attack vectors; neither of which require
full-rbf (correct me if I'm wrong).
1) Bob has staked liquidity in a payment channel with Alice who later
double spends the same inputs (at a very low feerate) resulting in a
stalemate where neither can spend the U
On Wed, Nov 02, 2022 at 05:26:27AM -0400, Peter Todd via bitcoin-dev wrote:
> I'm now running a full-RBf bounty program for miners.
>
> tl;dr: I'm broadcasting full-RBF replacements paying extremely high fees to
> reward miners that turn on full-RBF. I'm starting small, just ~$100/block in
> times
Good morning Salvatore,
Interesting idea.
The idea to embed the current state is similar to something I have been musing
about recently.
> ### Game theory (or why the chain will not see any of this)
>
> With the right economic incentives, protocol designers can guarantee that
> playing a los
Hi aj and list,
(questions inline)
--- Original Message ---
On Thursday, October 27th, 2022 at 18:21, Anthony Towns via bitcoin-dev
wrote:
>
> Is that true? Antoine claims [1] that opt-in RBF isn't enough to avoid
> a DoS issue when utxos are jointly funded by untrusting partners, and
Hi list,
I have been working on some notes to describe an approach that uses
covenants in order to enable general smart contracts in bitcoin. You can
find them here:
https://merkle.fun
The approach has a number of desirable features:
- small impact to layer 1;
- not application-specific, ve
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