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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<TD-Linux> andytoshi, I have made SO much HN karma spamming your papers
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<adiabat> Taek: also to combine with this, need to increase granularity of output amounts
<adiabat> the ultimate would be removing the 8-byte amount field entirely, with every utxo implicity worth "1"
<adiabat> but since that's a little ugly in terms of utxo size, I think like 2^x, where x is 1 byte
<adiabat> though 1 byte is overkill; could use 4 or 5 bits
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<zmanian> andytoshi: Hoping to make it to your talk tonight. The part of mimblewimble I'm most confused about is the excess outputs. I haven't been able to understand how they operate as proofs of authority
<kanzure> is it streamed?
<zmanian> They are always recorded. Intermittently streamed. No idea what the plan for tonight is
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<Taek> adiabat: if you don't have any 'amount' field you can't do change outputs, which I think would be necessary.
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<adiabat> taek: but there wouldn't be need for change outputs in that case
<adiabat> you'd always spend exactly as many utxos as you'd need
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<Taek> that doesn't scale very well b/c you need so many signatures
<adiabat> right, way too many utxos
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<adiabat> restricting to power-of-2 sized output amouts is kindof half-way, more utxos but still doable
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<andytoshi> zmanian: kk, i've got more time and i'll drop the content i skimmed in milan so hopefully i can say more about this
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<instagibbs> understanding excess to me was everything locking into place. Need a good, easy to understand explanation.
<andytoshi> mm yeah, me too. ok, i'll think about this
<andytoshi> it's unfortunately a bit technical
<kanzure> maybe also current status of grin
<andytoshi> yeah, i'll talk about that briefly, i actually don't know what the status of the whole system is, i've just been poking at core..
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<Taek> adiabat: if you can't split outputs apart at all you run into issues where you might not have any small tokens left. I imagine that merchants would end up with lots of small tokens and consumers would be stuck with big tokens - merchant income is from many sales, consumer income is from giant paychecks
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<Taek> so you end up having to play this balancing game
<Taek> you can't really do trades either (e.g. I send some small stuff you return big stuff) because that either requires trust or atomicity, and if it's atomic then you can link them together
<Taek> well... barring some special protocol like CoinJoin which can remove the linkability
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<nsh> andytoshi, is your talk being streamed/recorded/kanzured?
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<Chris_Stewart_5> ^
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<andytoshi> nsh: no idea, i've never been to a SF bitcoin meetup, i don't know how they work
<zmanian> nsh it will definitely be recorded
<zmanian> sometimes they stream them
<nsh> \o/
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