Re: [Bitcoin-development] Block Size Increase Requirements

2015-05-07 Thread Joseph Poon
-have features/tradeoffs seems to be a great way to approach this problem. The needs for Lightning Network may be best optimized by being able to prioritizing a large mass of timeout transactions at once (when a well-connected node stops communicating). -- Joseph Poon ---

Re: [Bitcoin-development] 75%/95% threshold for transaction versions

2015-04-26 Thread Joseph Poon
On Sat, Apr 25, 2015 at 11:51:37PM -0700, Joseph Poon wrote: > signs the sigScript of the redeemed output. Err, typo, I meant: ... signs the *scriptPubKey* of the redeemed output. -- Joseph Poon -- One dashboard

Re: [Bitcoin-development] 75%/95% threshold for transaction versions

2015-04-26 Thread Joseph Poon
s part of the hash, so it is the recipient who determines the version number. For future soft-forks, it's incredibly flexible, just make the version byte to 4. Prior addresses work the same, and it's not possible to accidentally send it using different scripting versions. Perhaps this can ma

Re: [Bitcoin-development] ASIC-proof mining

2014-07-06 Thread Randi Joseph
Thanks Mike. Indeed, I am aware of current approach, which is why I was suggesting this as an alternative. I haven't thought about it enough, and perhaps it was too radical a rethinking - just wanted to see what the smarter minds thought. Thanks again. -Randi On 7/5/14, 4:43 AM, Mike Hearn

Re: [Bitcoin-development] ASIC-proof mining

2014-07-04 Thread Randi Joseph
Hi All, This is a bit tangential to the conversation, but since the genesis of this conversation is Mike's decentralization blog post, I decided to post here. Perhaps the solution to the mining problem lies in the reward structure rather than in the proof of work/asics. Is it possible instead

Re: [Bitcoin-development] Stealth Addresses

2014-01-17 Thread joseph
On naming, please allow consideration of "Confidential address". Less conflation with "private key", connotes confidence, and as the address is known to the transacting parties, it is a precisely accurate name. One of the use cases for these will be in multinational corporate internal internati