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authorBilly Tetrud <billy.tetrud@gmail.com>2022-01-25 05:53:36 -0600
committerbitcoindev <bitcoindev@gnusha.org>2022-01-25 11:53:49 +0000
commit41711698d84fefc451962f436c21e1f0409cbd88 (patch)
treebfac38d893c56f89d85f5da95e43ce57d229ae67 /e5
parent3b26ffa9ab7e89e8a776f3914abe6e6a63ef3b6a (diff)
downloadpi-bitcoindev-41711698d84fefc451962f436c21e1f0409cbd88.tar.gz
pi-bitcoindev-41711698d84fefc451962f436c21e1f0409cbd88.zip
Re: [bitcoin-dev] PathCoin
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+From: Billy Tetrud <billy.tetrud@gmail.com>
+Date: Tue, 25 Jan 2022 05:53:36 -0600
+Message-ID: <CAGpPWDY3vZ2JOsa1UhoT-z8kfxqkVWcq1nyt9Ah5ye6HE_6gOQ@mail.gmail.com>
+To: AdamISZ <AdamISZ@protonmail.com>,
+ Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
+Content-Type: multipart/alternative; boundary="000000000000d1fc3705d666bc93"
+X-Mailman-Approved-At: Tue, 25 Jan 2022 12:07:05 +0000
+Subject: Re: [bitcoin-dev] PathCoin
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+--000000000000d1fc3705d666bc93
+Content-Type: text/plain; charset="UTF-8"
+
+There was a protocol someone mentioned a while back called Sabu that had
+the same goals. As i recall, it had some pretty promising constructs, but
+would have a critical vulnerability that could be exploited by miners. This
+is the write up:
+
+https://raymo-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d180
+
+Perhaps some of the techniques there could be combined with your ideas to
+get closer to a solution.
+
+On Mon, Jan 24, 2022, 08:51 AdamISZ via bitcoin-dev <
+bitcoin-dev@lists.linuxfoundation.org> wrote:
+
+> Hello list,
+>
+> I took the time to write up this rather out-there idea:
+>
+> Imagine you wanted to send a coin just like email, i.e. just transfer data
+> to the counterparty.
+>
+> Clearly this is in general entirely impossible; but with what restrictions
+> and assumptions could you create a toy version of it?
+>
+> See this gist for a detailed build up of the idea:
+>
+> https://gist.github.com/AdamISZ/b462838cbc8cc06aae0c15610502e4da
+>
+> Basically: using signature adaptors and CTV or a similar covenant, you
+> could create a fully trustless transfer of control of a utxo from one party
+> to another with no interaction with the rest of the group, at the time of
+> transfer (modulo of course lots and lots of one-time setup).
+>
+> The limitations are extreme and as you'd imagine. In the gist I feel like
+> I got round one of them, but not the others.
+>
+> (I very briefly mention comparison to e.g. statechains or payment pools;
+> they are making other tradeoffs against the 'digital cash' type of goal.
+> There is no claim that this 'pathcoin' idea is even viable yet, let alone
+> better than those ideas).
+>
+> Publishing this because I feel like it's the kind of thing imaginative
+> minds like the ones here, may be able to develop further. Possibly!
+>
+>
+> waxwing / AdamISZ
+> _______________________________________________
+> bitcoin-dev mailing list
+> bitcoin-dev@lists.linuxfoundation.org
+> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
+>
+
+--000000000000d1fc3705d666bc93
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"auto">There was a protocol someone mentioned a while back calle=
+d Sabu that had the same goals. As i recall, it had some pretty promising c=
+onstructs, but would have a critical vulnerability that could be exploited =
+by miners. This is the write up:<div dir=3D"auto"><br></div><div dir=3D"aut=
+o"><a href=3D"https://raymo-49157.medium.com/time-to-boost-bitcoin-circulat=
+ion-million-transactions-per-second-and-privacy-1eef8568d180">https://raymo=
+-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-pe=
+r-second-and-privacy-1eef8568d180</a><br></div><div dir=3D"auto"><br></div>=
+<div dir=3D"auto">Perhaps some of the techniques there could be combined wi=
+th your ideas to get closer to a solution.</div></div><br><div class=3D"gma=
+il_quote"><div dir=3D"ltr" class=3D"gmail_attr">On Mon, Jan 24, 2022, 08:51=
+ AdamISZ via bitcoin-dev &lt;<a href=3D"mailto:bitcoin-dev@lists.linuxfound=
+ation.org">bitcoin-dev@lists.linuxfoundation.org</a>&gt; wrote:<br></div><b=
+lockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px =
+#ccc solid;padding-left:1ex">Hello list,<br>
+<br>
+I took the time to write up this rather out-there idea:<br>
+<br>
+Imagine you wanted to send a coin just like email, i.e. just transfer data =
+to the counterparty.<br>
+<br>
+Clearly this is in general entirely impossible; but with what restrictions =
+and assumptions could you create a toy version of it?<br>
+<br>
+See this gist for a detailed build up of the idea:<br>
+<br>
+<a href=3D"https://gist.github.com/AdamISZ/b462838cbc8cc06aae0c15610502e4da=
+" rel=3D"noreferrer noreferrer" target=3D"_blank">https://gist.github.com/A=
+damISZ/b462838cbc8cc06aae0c15610502e4da</a><br>
+<br>
+Basically: using signature adaptors and CTV or a similar covenant, you coul=
+d create a fully trustless transfer of control of a utxo from one party to =
+another with no interaction with the rest of the group, at the time of tran=
+sfer (modulo of course lots and lots of one-time setup).<br>
+<br>
+The limitations are extreme and as you&#39;d imagine. In the gist I feel li=
+ke I got round one of them, but not the others.<br>
+<br>
+(I very briefly mention comparison to e.g. statechains or payment pools; th=
+ey are making other tradeoffs against the &#39;digital cash&#39; type of go=
+al. There is no claim that this &#39;pathcoin&#39; idea is even viable yet,=
+ let alone better than those ideas).<br>
+<br>
+Publishing this because I feel like it&#39;s the kind of thing imaginative =
+minds like the ones here, may be able to develop further. Possibly!<br>
+<br>
+<br>
+waxwing / AdamISZ<br>
+_______________________________________________<br>
+bitcoin-dev mailing list<br>
+<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank" =
+rel=3D"noreferrer">bitcoin-dev@lists.linuxfoundation.org</a><br>
+<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
+rel=3D"noreferrer noreferrer" target=3D"_blank">https://lists.linuxfoundati=
+on.org/mailman/listinfo/bitcoin-dev</a><br>
+</blockquote></div>
+
+--000000000000d1fc3705d666bc93--
+