#bitcoin-wizards on 2015-11-05 — irc logs at freenode.irclog.whitequark.org

2015-10-30 00:53 sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja

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14:28 <jtimon> andytoshi: I didn't noticed that you had a new version of the pos paper until just now when another freicoiner "asked me for the link" (ie proposed pos for freicoin), reading...

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14:30 <andytoshi> jtimon: oh :) it's a bit more readable than the old one, though unfortunately less fun i think

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14:52 <jtimon> andytoshi: love the last sentence: "We showed that by depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value."

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17:40 <gmaxwell> So these mnemonic encodings for e.g. 32 bits into 3 words with a 1626 sized wordlist. For error protection, how about a base-1625 DAMM code?

17:48 <fluffypony> gmaxwell: we have an extra word as a checksum, not very imaginative but it saves fat fingers

17:50 <gmaxwell> fluffypony: having a checksum is obvious, but with a damm code you get guarentted detection of all single position subsutitious and all neighhboring position swaps.

17:50 <fluffypony> Interesting

17:51 <fluffypony> I'm reading up on it now

17:51 <fluffypony> Oh that's clever

17:54 <fluffypony> Thanks for the insight, gmaxwell, I'm going to play around with this a bit

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