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Aug 6th, 2014
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  1. [19:47] == alty [~alty@unaffiliated/alty] has joined #cloakcoin
  2. [19:47] == mode/#cloakcoin [+o alty] by ChanServ
  3. [19:47] <wheat> Shit
  4. [19:47] <wheat> Its alty
  5. [19:47] <wheat> Run
  6. [19:47] <`RainbowDash> alty:
  7. [19:47] <`RainbowDash> o/
  8. [19:47] <`RainbowDash> sup new
  9. [19:47] <@alty> hey guys
  10. [19:47] <`RainbowDash> wie gehts
  11. [19:47] <`RainbowDash> weak hands
  12. [19:48] <Mountaineer> shhhhhhhhh everyone
  13. [19:48] <Mountaineer> alty here :D
  14. [19:48] == chronofx [[email protected]] has joined #cloakcoin
  15. [19:48] == telostia [[email protected]] has quit [Ping timeout: 260 seconds]
  16. [19:48] <@alty> we're working hard behind the seens as always
  17. [19:48] == zvix [zvix@unaffiliated/zvix] has joined #cloakcoin
  18. [19:49] <MrBoh> ALTY http://i.imgur.com/QTIkB29.gif
  19. [19:49] <`RainbowDash> WE ARE NOT WORTHY
  20. [19:49] <Mountaineer> alty, goes without saying with this team
  21. [19:49] <Mountaineer> any mentionable highlights?
  22. [19:49] <@alty> good progress with both OneMarket and PoSA
  23. [19:50] == shack4 [0e62b138@gateway/web/cgi-irc/kiwiirc.com/ip.14.98.177.56] has joined #cloakcoin
  24. [19:50] <@alty> not going to go into too many technical details but PoSA will be bullet proof
  25. [19:50] <@alty> and we'll get a crypto audit done on it when finished by a reputable auditer
  26. [19:51] <Mountaineer> very cool
  27. [19:51] <wheat> Sweet
  28. [19:51] <Mountaineer> still expecting private beta today sometime?
  29. [19:51] <MrBoh> ?
  30. [19:51] == Valexus [~Valexus@gateway/tor-sasl/valexus] has quit [Ping timeout: 264 seconds]
  31. [19:51] <@alty> there's been talk about a peer review from a rival coin, but it's absolutely pointless, they'd be reviewing a beta version that had the unfinished PoSA system
  32. [19:52] <threec_> alty are you guys planning to release both together, or PosA first when ready?
  33. [19:52] <@alty> PoSA is coming out first
  34. [19:52] <threec_> good to hear.
  35. [19:52] <MrBoh> CLOAKPAL?
  36. [19:54] <threec_> roguh guess, PoSA this week? next week?
  37. [19:54] <@alty> In contact with ludx on skype will report back when he returns message for an update on CloakPal
  38. [19:54] == AndChat|28784 [[email protected]] has joined #cloakcoin
  39. [19:55] == chronofx [[email protected]] has quit [Ping timeout: 260 seconds]
  40. [19:55] <`RainbowDash> OooOoo
  41. [19:55] <@alty> PoSA will be out this week but the version where we put block escrow in will take another week (approx)
  42. [19:55] <`RainbowDash> posa this week
  43. [19:55] <threec_> awesome man : -)
  44. [19:55] <Miridor__> nice
  45. [19:55] * wheat has an erection
  46. [19:55] <@alty> Block escrow seals the deal, nobody can cheat it not even with a "bad node"
  47. [19:56] <@MrRGnome> Maybe append: 'If nothing at all goes wrong' to your timeline
  48. [19:56] <wheat> Didnt silkroad have a centralized escrow?
  49. [19:56] <@alty> perhaps but block escrow is decentralized and will feature in OneMarket
  50. [19:57] <wheat> Why is everyone freaking out about the escrow like massive scamming will happen?
  51. [19:57] <wheat> Fucking fudders
  52. [19:57] <wheat> Nvm answered that question
  53. [19:57] <@MrRGnome> BEcause escrow is whee most trustless systems fall apart
  54. [19:57] <@Pysiek> alty: look at mintpal what ur words do ;p http://scr.hu/2dg9/qu4v6
  55. [19:57] <@alty> so building it for PoSA helps us for OM
  56. [19:57] <bamb0000> alty: is block escrow basically another implementation of "smart contracts"?
  57. [19:57] <cashmen> cool
  58. [19:58] <@MrRGnome> block escrow isn't smart contracts. They are dumb contracts.
  59. [19:58] <@MrRGnome> Very plain english simple
  60. [19:58] <@alty> not really it's an IF based condition imposed by the network
  61. [19:58] <bamb0000> well, i should say "distributed contract"
  62. [19:58] <@MrRGnome> Was oney sent to A? If Yes: B; If No: Ignore this block and thta block
  63. [19:59] <@alty> so that IF somebody doesn't forward money to fulfil X condition such as node 1 to Alice
  64. [19:59] <@alty> block escrow doesn't send to node 1
  65. [19:59] <@MrRGnome> Block escrow just watches and then uses the network strength to enforce law.
  66. [19:59] <@alty> it's another solution we are inventing from scratch
  67. [20:00] <@alty> and it requires network concensus
  68. [20:00] <@alty> so you can't cheat it
  69. [20:00] <@MrRGnome> Even if you had a 51% attack or something, you'd just be making your own network for that disagreed about block escrows, only your nodes would be on that fork
  70. [20:00] <@MrRGnome> The rest of the network would be fine
  71. [20:02] <@MrRGnome> Basicly a hard fork situation - if you wanted to make changes to the block escrow system you would need everybody to use a new client with updated block escrow interpreting rules.
  72. [20:02] <bamb0000> MrRGnome: interesting. normally these kinds of things are done with n-of-m type multisig
  73. [20:02] <@MrRGnome> I know, oh boy do I know
  74. [20:02] <bamb0000> er m-of-n
  75. [20:02] == langezwieper [[email protected]] has quit [Quit: langezwieper]
  76. [20:02] <@MrRGnome> I saw one of those solutions cross the bow too
  77. [20:03] <@MrRGnome> But the dev team wen with block escrow for innovative simplicity
  78. [20:03] == AndChat|496496 [[email protected]] has quit [Ping timeout: 240 seconds]
  79. [20:04] <bamb0000> MrRGnome: it'll be interesting to see the blocks on the network and how they look with these conditions attached once it's all fully baked
  80. [20:04] == wheat [[email protected]] has quit [Ping timeout: 255 seconds]
  81. [20:04] <@MrRGnome> It seems pretty straight forward to me, blocks will look just like normal I imagine
  82. [20:05] <@MrRGnome> They will just be referencd by another block, a block escrow block
  83. [20:05] <ludx> hi guys, I'm trying to get cloakpal released asap, but I'm quite busy with my day job this week so most likely it'll be released next weekend
  84. [20:05] <@alty> ^^
  85. [20:05] <@MrRGnome> And that block says, "Hey, you better see transaction X occur, if you don't, ignore transaction Y"
  86. [20:05] <bamb0000> ahh so the escrow block is it's own unique block type?
  87. [20:05] <`RainbowDash> PLANE enLGISH
  88. [20:06] <@MrRGnome> I don't think it needs to be a new block
  89. [20:06] <@MrRGnome> any message on a block or block notation would do
  90. [20:06] <@MrRGnome> so long as clients are set to interpret it to mean the if statment I supplied
  91. [20:06] == jaewulf [[email protected]] has joined #cloakcoin
  92. [20:07] <Lazycoins-vox> is craptsy all messed up for anyone else? was getting database errors now i can't log in
  93. [20:07] == Mikers [[email protected]] has joined #cloakcoin
  94. [20:07] <bamb0000> well, that IF statement has to exist in an encoded form somewhere for the network to see right? i just assumed it would be encoded into an existing block
  95. [20:07] <@MrRGnome> Yeah, it probably will
  96. [20:08] == jaewulf [[email protected]] has left #cloakcoin []
  97. [20:08] <@alty> x11joe will be here soon to give everyone an update on onemarket
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