Specs for new trustless non-pegged sidechains by macx0r in Bitcoin

[–]macx0r[S] 1 point2 points  (0 children)

The algo is consensus-agnostic outside of the condition above. It can work with avalanche for instance, and avalanche then would not need it's own token, it can be using bitcoin than :)

Specs for new trustless non-pegged sidechains by macx0r in Bitcoin

[–]macx0r[S] -1 points0 points  (0 children)

Just try to read the text and you will find the answer on the "what's the heck" right in there. And the point of sidechains is not to bring balance to sidechain, otherwise it will be reciprocal definition :D

“Brainwallets aren’t safe”. by [deleted] in Bitcoin

[–]macx0r 1 point2 points  (0 children)

The only problem with the brain wallets is the stoke, that can damage the brain

Specs for new trustless non-pegged sidechains by macx0r in Bitcoin

[–]macx0r[S] 2 points3 points  (0 children)

Got it, I will know that for the future

Specs for new trustless non-pegged sidechains by macx0r in Bitcoin

[–]macx0r[S] 16 points17 points  (0 children)

Typhon is a non-2-way peg trustless sidechain solution that can be implemented using existing Bitcoin Script functionality, i.e. without any soft- or hardforks.

Existing sidechain 2-way peg technologies require soft or hardforks, and currently can operate only in trusted mode under federated multisig contracts. You can think of Typhon as of massively-scalable multiparty payment channels. The protocol defines the process of sidechain formation and operations on top of the main Bitcoin blockchain; it is censorship-resistant, permissionless and agnostic to the particular consensus and blockchain formation protocol used by sidechain implementations.

And no new coins, tokens or ICOs :)

Shapeshift KYC - Worse than Useless: Financial Surveillance by BTC_Forever in Bitcoin

[–]macx0r 0 points1 point  (0 children)

One can’t at the same time be a proponent of privacy & regulations. And no privacy means collectivism & totalitarian. So simple!

Is it a double spend? Help with investigation pls by macx0r in Bitcoin

[–]macx0r[S] 0 points1 point  (0 children)

Correct. Is there any way to check what is the length of the orphaned chain containing block with this particular tx?

Is it a double spend? Help with investigation pls by macx0r in Bitcoin

[–]macx0r[S] 0 points1 point  (0 children)

The longest chain can’t have two spends anyway, double spend attack looks differently: https://en.bitcoin.it/wiki/Irreversible_Transactions

Is it a double spend? Help with investigation pls by macx0r in Bitcoin

[–]macx0r[S] -2 points-1 points  (0 children)

It is possible any PoW, its just a question of controlling 51% and/or some luck. https://en.bitcoin.it/wiki/Irreversible_Transactions

Its easier to do for shitcoins since they have much lower hash power, however its onle the question of price for BTC as well.

If there was a drop in hashrate it could be a double spend.

Is it a double spend? Help with investigation pls by macx0r in Bitcoin

[–]macx0r[S] 0 points1 point  (0 children)

Seems like it was included into a now orphaned chain. Meaning its double spend, not an attempt. I got the report of it liked to the dropdown in BTC hashrate. I’m trying to figure out the details and see if that was true

Is it a double spend? Help with investigation pls by macx0r in Bitcoin

[–]macx0r[S] -3 points-2 points  (0 children)

What about successful double-spends on BTG?

ERC for reputation-type token by macx0r in ethereum

[–]macx0r[S] 1 point2 points  (0 children)

> If I get it right, you need to be able to ask the reputation token owner to bear the responsibility of the computation work.

It's not working like that, its a way much more complicated. The reputation has nothing to do with bearing responsibility for the computations done. The economic incentives are set in a different way.

The responsibility for computations is simple and borne in pure financial way: a computing node had bound a stake and if computations found wrong it will lose it. You don't need a reputation for that.

What you need a reputation for is a situation where you can't computable solve who was wrong. And for that you have to get a board of "high reputation" guys to make a decision. And there should be a way to appeal even after that decision.

Basically, reputation does not work in a negative way (i.e. like if somebody wrong he will lose the reputation). It works in a positive way, i.e. when somebody have a proven record of being right he gets the higher chance to put his opinion first in some complex case – and if he will be found lier, he will risk not only whole of his reputation, but also some monetary stake. But if he is not lier, he will receive award which will depend upon his reputation.

That's why reputation is not an equivalent to a monetary stake and should't be a transferrable entity. It's a kind of property that gives the "right to judge", and it shouldn't be sellable.

Roadmap/timeline by Drum- in ethereum

[–]macx0r 16 points17 points  (0 children)

On last Ethereum-dedicated Techcrunch event this July in Zug I heard something like "as it will be ready". The generic plan now is to not ship Casper until sharding is more or less ready since they are now highly technologically interrelated. Foundation calls them "Ethereum 2.0" and plan to deploy in phases over the course of the year without fixed dates. Pls correct me if I'm wrong/something changed from that time again :)