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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<jnewbery>
How realistic would it be to do threshold ECDSA on current hardware wallets?
<gmaxwell>
not at all.
<gmaxwell>
well, hold that, I haven't seen the above paper, but all the prior ones were not at all. They needed an order of magnitude more memory than the devices have.
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<andytoshi>
connor's presentation at scaling bitcoin had him spending over a second of computation time on his laptop at one point
<sipa>
but is that using goldfeder's new construction?
<andytoshi>
pretty sure not
<sipa>
signing time in connor's stuff was 30-40 ms to sign agaik
<andytoshi>
right, iirc i'm thinking of key setup (which was like a minute wasn't it?)
<andytoshi>
i wonder if you'd have to redo the key setup if you were doing p2c or public bip32 derivation
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<bitconner>
yeah both were dropped at acm yesterday
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<andytoshi>
ah, i think my "one minute number" was a back-of-the-envelope conversion from 1 second on a PC to time on a ledger or trezor. but i didn't consider memory usage
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<fkinglag>
I wonder if anybody else here thinks LN will become 1st layer.
<kanzure>
layer ordering is off-topic
<fkinglag>
lol
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<sipa>
i agree. it's weird that we don't start counting layers at 0 :p
<andytoshi>
i wonder if we could do tcp over ln
<kanzure>
but...
<kanzure>
it's not in the budget.
<fkinglag>
I hate budget initiatives
<fkinglag>
in open source blockchain coins
<fkinglag>
what is the opinion here of the bitcoin foundation?
<fkinglag>
I need to be told what to think. /s
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<kanzure>
get out
<fkinglag>
I'm genuinely curious, don't bite my head off, kanzure. I'm just disillusioned with how a budget proposal with users behind multisig wallet is happening in another cryptocurrency community I'm in.
<fkinglag>
not like you have to offer up an opinion, I don't need an answer
<sipa>
fkinglag: this channel is for discussion of theoretical ideas around cryptocurrencies, not political drama
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<fkinglag>
ok, didn't know it was completely unrelated, sorry
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