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 |
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<
Jellyfish >
what is the line that separates fault tolerance and trust assumptions?
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<
Jellyfish >
it feels like fault tolerance in a decentralized system
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<
Jellyfish >
is similar or if not equivalent to trust assumptions
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<
Jellyfish >
say a byzantine agreement can tolerate up to 1/3 of faults
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<
Jellyfish >
isn't that the equivalent to say that
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<
Jellyfish >
we trust 2/3 of the network?
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<
Jellyfish >
no rusty don't leave
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<
Jellyfish >
it's a good question
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<
kanzure >
andytoshi: oh it works with ecdsa?
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<
sipa >
stevenroose: it's to make sure you can't bypass the locktime by making all inputs nSequence=0xffff... because then the locktime would not have any effect
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<
andytoshi >
kanzure: yeah, the schnorr stuff all happens off-chain. what hits the chain is basically a pay-to-contract
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<
Eliel >
andytoshi: does that mean that the scriptless scripts thing works with bitcoin as it is today?
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<
andytoshi >
Eliel: no, just this specific construction
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<
andytoshi >
which depends on an oracle who is trusted to reveal the right thing at the right time
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<
smk >
rip Jean Sammet :(
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