bitsko [Today at 12:54 AM]
in #random
:popcorn: 'csw' on spv and max block weight (edited)


13 replies
bitsko [11 hours ago]
Vlad2vlad has been going around claiming he's been talking with craig wright.  It's all a bit silly to me but I went ahead and passed along a couple questions. here is the text:

bitsko [11 hours ago]
bitsko [7:49 AM]
never did say if he was gonna fix fraud proofs/utxo commitments/spv

[7:49]
and open source (meant to ask if csw is open sourcing his solutions)

Roberto Vlad [7:50 AM]
Bombs away

[7:54]
Answer;:

[7:54]
Bitcoin needs to remain open source.

https://petertodd.org/2016/delayed-txo-commitments#txo-commitments

Bloody Todd and his crap.

There is nothing to fix. UTXO commitments are something from Todd and BS with the idea that the UTXO needs to be converted into an account based system - like Ether.

It does not.

It is not bloody broken and just as they cannot see why it is the way it is yet does not make it flawed!

Long before the network gets anywhere near as large as that, it would be safe
for users to use Simplified Payment Verification (section :sunglasses: to check for
double spending, which only requires having the chain of block headers, or
about 12KB per day. Only people trying to create new coins would need to run
network nodes. At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware. A server farm would
only need to have one node on the network and the rest of the LAN connects with
that one node.
petertodd.org
Making UTXO Set Growth Irrelevant With Low-Latency Delayed TXO Commitments
Also posted to the bitcoin-dev mailing list.

norway [7 hours ago]
The bandwidth might not be as prohibitive as you think. A typical transaction
would be about 400 bytes (ECC is nicely compact). Each transaction has to be
broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion
transactions in FY2008, or an average of 100 million transactions per day.
That many transactions would take 100GB of bandwidth, or the size of 12 DVD or
2 HD quality movies, or about $18 worth of bandwidth at current prices.

If the network were to get that big, it would take several years, and by then,
sending 2 HD movies over the Internet would probably not seem like a big deal.

Satoshi Nakamoto
petertodd.org
Making UTXO Set Growth Irrelevant With Low-Latency Delayed TXO Commitments
Also posted to the bitcoin-dev mailing list.

bitsko [7:59 AM]
no way, I really think you did ask him because the response used the word 'bloody' and Australians say that.


[7:59]
do you have time for one more?

Roberto Vlad [8:00 AM]
An add on which made me laugh:

[8:00]
I am getting jacked with Todd's view of the world. That Bitcoin cannot scale, that it is only a settlement layer and that it must be defended by the central priesthood.

[8:01]
@bitsko:  I'm not making this up.  I don't lie.   Ask away.

bitsko [8:04 AM]
ask about max_block_weight generally

Roberto Vlad [8:04 AM]
Expand

bitsko [8:04 AM]
is it a good solution and what are its implications in regard to scaling

Roberto Vlad [8:04 AM]
Ok

norway [7 hours ago]
[8:11]
Answer:
I would remove the cap all together.

Right now, the fact is we need to increase and there are miners who will hold back.

So, the result is a slower approach than I would desire will be more likely to succeed

There is a cost to creating large blocks. As a block is increased in size, it becomes more likely to be rejected and orphaned.

It is more likely that others will mine of alternate chains. Hence, there is a cost to increasing block size. This will need to be measured by the miner and the reality is that this is a market solution
petertodd.org
Making UTXO Set Growth Irrelevant With Low-Latency Delayed TXO Commitments
Also posted to the bitcoin-dev mailing list.

bitsko [11 hours ago]
Roberto Vlad [8:13 AM]
Segregated Witness is horrible. It is horrible in all senses of the word. It is a hack. It was designed as a means to demonstrate how smart a few people think they are with no view to the long term


[8:13]
Not sure what that means

[8:14]
Bitcoin is a means to force long term thinking where possible. Yes, companies think short term all the time. There is a reason, when did you ever think the alternative through?

norway [10 hours ago]
I still hold the door open for CSW to be SN. Would be cool if he signed a statement regarding scaling with a private key from an early bitcoin address.

norway [10 hours ago]
@bitsko


bitsko [10 hours ago]
I like his approach in so far as bitcoin code is concerned :slightly_smiling_face:

norway [10 hours ago]
Agreed.

norway [7 hours ago]
norway [10 hours ago]
Just ask him, via Vlad2vlad, if he could sign a statement regarding scaling. Doesn't have to come from "Craig Wright".

bitsko [10 hours ago]
message delivered.


norway [9 hours ago]
@bitsko Keep me posted if you get a reply :wink:


bitsko [16 minutes ago]
@norway:

bitsko [16 minutes ago]
Roberto Vlad [10:37 PM]
Who's Norway?

[10:39]
I sent him a message.


----- Today March 23rd, 2017 -----
Roberto Vlad [12:03 AM]
Here's his response

[12:03]
I think it is terrible - it means that they have learnt nothing. They will blindly follow authority, not facts... how is that good. Please do tell them that.

If they choose to follow rhetoric and lies and not check the truth, then I want to have nothing to do with them.

I will compete. I will see if my way, brutal economic competition or my opposition, "fairness" wins in the end.

" The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. "

Not One Man but one CPU - one Vote