#bitcoin-wizards on 2015-05-14 — irc logs at freenode.irclog.whitequark.org

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04:08 <phantomcircuit> https://www.reddit.com/r/Bitcoin/comments/35u4yo/jeff_garzik_on_twitter_categories_of_bitcoin/cr8ah3j

04:08 <phantomcircuit> ha

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04:16 <deego> :)

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10:04 <stevenroose> i have a question

10:04 <stevenroose> I believe that the limit of keys in an m of n transaction was something like 15, right?

10:05 <stevenroose> let me check

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10:05 <stevenroose> 16 it is

10:06 <stevenroose> is there a way to let say 100 private keys control some funds?

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10:48 <fluffypony> stevenroose: yes, split the funds up into 7 groups

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11:42 <stevenroose> fluffypony, well, if I want 90 of 100 sig

11:42 <stevenroose> is that possible by splitting?

11:43 <antanst> stevenroose: you can use shamir's secret

11:46 <gmaxwell> antanst: thats not a multisignature; you have to trust the device they're reassembled on completely; if you could do that.. why bother splitting? just leave your keys there.

11:46 <stonecoldpat> i was gonna say shamir's secret as well, but IIRC, once the 90 people agree to produce the key required to do the signature - then any one of them can spend the coins whatever way they want

11:47 <antanst> gmaxwell: You've got a point

11:47 <gmaxwell> stevenroose: assuming you're asking for a multisignature, a 90 of 100 is not really feasable today; but see my recent talk from the SF meetup where I talk a bit about a scheme that is basically ideal for 90 of 100.

11:50 <gmaxwell> sipa: intel just started shipping chips with http://en.wikipedia.org/wiki/Intel_ADX

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12:02 <kanzure> phantomcircuit: he should just start signing stuff as jgarzik instead

12:03 <kanzure> stevenroose: the talk he is talking about is http://diyhpl.us/wiki/transcripts/gmaxwell-bitcoin-selection-cryptography/

12:05 <stevenroose> thanks, kanzure

12:06 <stevenroose> what are the odds of this becoming possible in bitcoin in the future?

12:12 <kanzure> manykey thresholds? i'd say high. schnorr stuff seems to work.

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13:39 <stevenroose> especially the polychecksig sounded promising

13:39 <stevenroose> gmaxwell, any news on that?

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15:23 <zooko> Are there any real prediction markets or derivatives markets in cryptocurrencies yet?

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16:01 <sl01> zooko: maybe bitshares? not sure if that would count

16:03 <andytoshi> there is truthcoin but that is a long way away from being "real"

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16:14 <stonecoldpat> does anyone know of a statistic site like p2sh.info that shows the total number of bitcoins kept using pay to pubkey hash? p.s. whoever made the p2sh one did a good job, it looks really nice

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16:17 <sipa> stonecoldpat: sorry for not responding yet to your mail

16:17 <sipa> i'll be on vacation the next two weeks

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16:17 <stonecoldpat> oh no worries i thought you had been

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16:24 <williamdunne> stevenroose: For 90 of 100 sig you could have 15 servers doing 13 of 15 multisig and have 6-7 users per server. Build out signing mechanism that way.

16:24 <williamdunne> Really hacky way and would require a fair amount of work, but just a thought

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