1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
609
610
|
Return-Path: <contact@taoeffect.com>
Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org
[172.17.192.35])
by mail.linuxfoundation.org (Postfix) with ESMTPS id 717C0A88
for <bitcoin-dev@lists.linuxfoundation.org>;
Tue, 10 Oct 2017 20:13:24 +0000 (UTC)
X-Greylist: from auto-whitelisted by SQLgrey-1.7.6
Received: from homiemail-a7.g.dreamhost.com (homie.mail.dreamhost.com
[208.97.132.208])
by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 7ABEE367
for <bitcoin-dev@lists.linuxfoundation.org>;
Tue, 10 Oct 2017 20:13:23 +0000 (UTC)
Received: from homiemail-a7.g.dreamhost.com (localhost [127.0.0.1])
by homiemail-a7.g.dreamhost.com (Postfix) with ESMTP id 0673B25C06B;
Tue, 10 Oct 2017 13:13:23 -0700 (PDT)
DKIM-Signature: v=1; a=rsa-sha1; c=relaxed; d=taoeffect.com; h=
content-type:mime-version:subject:from:in-reply-to:date:cc
:content-transfer-encoding:message-id:references:to; s=
taoeffect.com; bh=I1qju0TSDeu2a48eSnIEFYag3j8=; b=D4YiHD+rwB9RBw
QnQHCcWTxL89qqgI5lQlusdtCeF0axPmGtyoVFgQuQV+tp0RYQT0tTTeJrx2YnzF
lKMKU/iYa2Td2XOupzYe5ojSFrD5QCS6VbODOTFoE/IElIFeOUS7R++jUP37vsEH
zqDXHmj1ODUiUngE4jlnK+lLD2Oiw=
Received: from [10.14.129.172] (unknown [107.72.97.149])
(using TLSv1 with cipher DHE-RSA-AES256-SHA (256/256 bits))
(No client certificate requested)
(Authenticated sender: support@taoeffect.com)
by homiemail-a7.g.dreamhost.com (Postfix) with ESMTPSA id 8DFCA25C06A;
Tue, 10 Oct 2017 13:13:22 -0700 (PDT)
Content-Type: multipart/alternative;
boundary=Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885
Mime-Version: 1.0 (1.0)
From: Tao Effect <contact@taoeffect.com>
X-Mailer: iPhone Mail (15A421)
In-Reply-To: <CAF5CFkg71g5vTCQ3rcbN+7Cjx_B3z7NT78Ug6a6S=KiSS8yo-A@mail.gmail.com>
Date: Tue, 10 Oct 2017 13:13:20 -0700
Content-Transfer-Encoding: 7bit
Message-Id: <B822901D-C074-4987-B793-2A83C8C83EAF@taoeffect.com>
References: <16D7672F-AA36-47D7-AAEF-E767B9CE09FF@taoeffect.com>
<CA+XQW1jf-6HCic4beV5GSix8KRzJ-7nTc-ePipfs=ouwvHX0jA@mail.gmail.com>
<55CAABF4-4FB8-4230-8E51-014C1D347D72@taoeffect.com>
<CA+XQW1i-3dfRGr2vy=_P0BuXNbnoR_OmmOGGOmCcNEgkZeT_gg@mail.gmail.com>
<FBD96A02-243E-4E09-9204-EC90DE5EE576@taoeffect.com>
<daf438d1-7cca-aa0f-6bf7-3eef0d765d49@gmail.com>
<B79CD106-A06E-4AF1-B67E-6DFE557468F8@taoeffect.com>
<CAF5CFkg71g5vTCQ3rcbN+7Cjx_B3z7NT78Ug6a6S=KiSS8yo-A@mail.gmail.com>
To: CryptAxe <cryptaxe@gmail.com>
X-Spam-Status: No, score=-0.1 required=5.0 tests=DKIM_SIGNED,DKIM_VALID,
DKIM_VALID_AU,HTML_MESSAGE,MIME_QP_LONG_LINE,RCVD_IN_DNSWL_NONE
autolearn=disabled version=3.3.1
X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on
smtp1.linux-foundation.org
X-Mailman-Approved-At: Tue, 10 Oct 2017 20:16:48 +0000
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Generalized sharding protocol for decentralized
scaling without Miners owning our BTC
X-BeenThere: bitcoin-dev@lists.linuxfoundation.org
X-Mailman-Version: 2.1.12
Precedence: list
List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org>
List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>,
<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe>
List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/>
List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org>
List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help>
List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>,
<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe>
X-List-Received-Date: Tue, 10 Oct 2017 20:13:24 -0000
--Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885
Content-Type: text/plain;
charset=cp932
Content-Transfer-Encoding: quoted-printable
It would not change the number of Bitcoins in existence.
--
Sent from my mobile device.
Please do not email me anything that you are not comfortable also sharing wi=
th the NSA.
> On Oct 10, 2017, at 12:50 PM, CryptAxe <cryptaxe@gmail.com> wrote:
>=20
> Your method would change the number of Bitcoins in existence. Why?=20
>=20
>> On Oct 10, 2017 12:47 PM, "Tao Effect via bitcoin-dev" <bitcoin-dev@lists=
.linuxfoundation.org> wrote:
>> Is that what passes for a technical argument these days? Sheesh.
>>=20
>> Whereas in Drivechain users are forced to give up their coins to a single=
group for whatever sidechains they interact with, the generic sharding algo=
lets them (1) keep their coins, (2) trust whatever group they want to trust=
(the miners of the various sidechains).
>>=20
>> Drivechain offers objectively worse security.
>>=20
>> --
>> Sent from my mobile device.
>> Please do not email me anything that you are not comfortable also sharing=
with the NSA.
>>=20
>>> On Oct 10, 2017, at 8:09 AM, Paul Sztorc via bitcoin-dev <bitcoin-dev@li=
sts.linuxfoundation.org> wrote:
>>>=20
>>> I think this response speaks for itself.
>>>=20
>>>> On 10/10/2017 10:09 AM, Tao Effect wrote:
>>>> Hi Paul,
>>>>=20
>>>> I thought it was clear, but apparently you are getting stuck on the sem=
antics of the word "burn".
>>>>=20
>>>> The "burning" applies to the original coins you had.
>>>>=20
>>>> When you transfer them back, you get newly minted coins, equivalent to t=
he amount you "burned" on the chain you're transferring from =81\ as stated i=
n the OP.
>>>>=20
>>>> If you don't like the word "burn", pick another one.
>>>>=20
>>>> --
>>>> Please do not email me anything that you are not comfortable also shari=
ng with the NSA.
>>>>=20
>>>>> On Oct 10, 2017, at 4:20 AM, Paul Sztorc <truthcoin@gmail.com> wrote:
>>>>>=20
>>>>> Haha, no. Because you "burned" the coins.
>>>>>=20
>>>>>> On Oct 10, 2017 1:20 AM, "Tao Effect" <contact@taoeffect.com> wrote:
>>>>>> Paul,
>>>>>>=20
>>>>>> It's a two-way peg.
>>>>>>=20
>>>>>> There's nothing preventing transfers back to the main chain.
>>>>>>=20
>>>>>> They work in the exact same manner.
>>>>>>=20
>>>>>> Cheers,
>>>>>> Greg
>>>>>>=20
>>>>>> --
>>>>>> Please do not email me anything that you are not comfortable also sha=
ring with the NSA.
>>>>>>=20
>>>>>>> On Oct 9, 2017, at 6:39 PM, Paul Sztorc <truthcoin@gmail.com> wrote:=
>>>>>>>=20
>>>>>>> That is only a one-way peg, not a two-way.
>>>>>>>=20
>>>>>>> In fact, that is exactly what drivechain does, if one chooses parame=
ters for the drivechain that make it impossible for any side-to-main transfe=
r to succeed.
>>>>>>>=20
>>>>>>> One-way pegs have strong first-mover disadvantages.
>>>>>>>=20
>>>>>>> Paul
>>>>>>>=20
>>>>>>> On Oct 9, 2017 9:24 PM, "Tao Effect via bitcoin-dev" <bitcoin-dev@li=
sts.linuxfoundation.org> wrote:
>>>>>>> Dear list,
>>>>>>>=20
>>>>>>> In previous arguments over Drivechain (and Drivechain-like =
proposals) I promised that better scaling=
proposals =81\ that do not sacrifice Bitcoin's security =81\ would come alo=
ng.
>>>>>>>=20
>>>>>>> I planned to do a detailed writeup, but have decided to just send of=
f this email with what I have, because I'm unlikely to have time to write up=
a detailed proposal.
>>>>>>>=20
>>>>>>> The idea is very simple (and by no means novel*), and I'm sure other=
s have mentioned either exactly it, or similar ideas (e.g. burning coins) be=
fore.
>>>>>>>=20
>>>>>>> This is a generic sharding protocol for all blockchains, including B=
itcoin.
>>>>>>>=20
>>>>>>> Users simply say: "My coins on Chain A are going to be sent to =
Chain B".
>>>>>>>=20
>>>>>>> Then they burn the coins on Chain A, and create a minting transactio=
n on Chain B. The details of how to ensure that coins do not get lost needs t=
o be worked out, but I'm fairly certain the folks on this list can figure ou=
t those details.
>>>>>>>=20
>>>>>>> - Thin clients, nodes, and miners, can all very easily verify that s=
aid action took place, and therefore accept the "newly minted" coins on B as=
valid.
>>>>>>> - Users client software now also knows where to look for the other c=
oins (if for some reason it needs to).
>>>>>>>=20
>>>>>>> This doesn't even need much modification to the Bitcoin protocol as m=
ost of the verification is done client-side.
>>>>>>>=20
>>>>>>> It is fully decentralized, and there's no need to give our ownership=
of our coins to miners to get scale.
>>>>>>>=20
>>>>>>> My sincere apologies if this has been brought up before (in which ca=
se, I would be very grateful for a link to the proposal).
>>>>>>>=20
>>>>>>> Cheers,
>>>>>>> Greg Slepak
>>>>>>>=20
>>>>>>> * This idea is similar in spirit to Interledger.
>>>>>>>=20
>>>>>>> --
>>>>>>> Please do not email me anything that you are not comfortable also sh=
aring with the NSA.
>>>>>>>=20
>>>>>>>=20
>>>>>>> _______________________________________________
>>>>>>> bitcoin-dev mailing list
>>>>>>> bitcoin-dev@lists.linuxfoundation.org
>>>>>>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>>>>>>=20
>>>>>>>=20
>>>>>>=20
>>>>=20
>>>=20
>>> _______________________________________________
>>> bitcoin-dev mailing list
>>> bitcoin-dev@lists.linuxfoundation.org
>>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>=20
>> _______________________________________________
>> bitcoin-dev mailing list
>> bitcoin-dev@lists.linuxfoundation.org
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>=20
--Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885
Content-Type: text/html;
charset=utf-8
Content-Transfer-Encoding: quoted-printable
<html><head><meta http-equiv=3D"content-type" content=3D"text/html; charset=3D=
utf-8"></head><body dir=3D"auto">It would not change the number of Bitcoins i=
n existence.<br><br><div id=3D"AppleMailSignature">--<div>Sent from my mobil=
e device.</div><div><span style=3D"background-color: rgba(255, 255, 255, 0);=
">Please do not email me anything that you are not comfortable also sharing w=
ith the NSA.</span></div></div><div><br>On Oct 10, 2017, at 12:50 PM, CryptA=
xe <<a href=3D"mailto:cryptaxe@gmail.com">cryptaxe@gmail.com</a>> wrot=
e:<br><br></div><blockquote type=3D"cite"><div><div dir=3D"auto">Your method=
would change the number of Bitcoins in existence. Why? </div><div clas=
s=3D"gmail_extra"><br><div class=3D"gmail_quote">On Oct 10, 2017 12:47 PM, "=
Tao Effect via bitcoin-dev" <<a href=3D"mailto:bitcoin-dev@lists.linuxfou=
ndation.org">bitcoin-dev@lists.linuxfoundation.org</a>> wrote:<br type=3D=
"attribution"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;b=
order-left:1px #ccc solid;padding-left:1ex"><div dir=3D"auto">Is that what p=
asses for a technical argument these days? Sheesh.<div><br></div><div><div>W=
hereas in Drivechain users are forced to give up their coins to a single gro=
up for whatever sidechains they interact with, the generic sharding algo let=
s them (1) keep their coins, (2) trust whatever group they want to trust (th=
e miners of the various sidechains).</div><div><br></div><div>Drivechain off=
ers objectively worse security.</div><br><div id=3D"m_1387969289276275631App=
leMailSignature">--<div>Sent from my mobile device.</div><div><span style=3D=
"background-color:rgba(255,255,255,0)">Please do not email me anything that y=
ou are not comfortable also sharing with the NSA.</span></div></div><div><br=
>On Oct 10, 2017, at 8:09 AM, Paul Sztorc via bitcoin-dev <<a href=3D"mai=
lto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lis=
ts.<wbr>linuxfoundation.org</a>> wrote:<br><br></div><blockquote type=3D"=
cite"><div>
=20
=20
=20
=20
<div class=3D"m_1387969289276275631moz-cite-prefix">I think this respons=
e speaks for
itself.<br>
<br>
On 10/10/2017 10:09 AM, Tao Effect wrote:<br>
</div>
<blockquote type=3D"cite">
=20
=20
<div>Hi Paul,</div>
<div><br>
</div>
<div>I thought it was clear, but apparently you are
getting stuck on the semantics of the word "burn".</div>
<div><br>
</div>
<div>The "burning" applies to the original coins you had.</div>
<div><br>
</div>
<div>When you transfer them back, you get newly minted
coins, equivalent to the amount you "burned" on the chain you're
transferring from =E2=80=94 as stated in the OP.</div>
<div><br>
</div>
<div>If you don't like the word "burn", pick another one.</div>
<div>
<span style=3D"color:rgb(0,0,0);font-family:Helvetica;font-size:14px=
;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacin=
g:normal;text-align:start;text-indent:0px;text-transform:none;white-space:no=
rmal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:nor=
mal;font-variant-alternates:normal;font-variant-east-asian:normal;line-heigh=
t:normal"><br class=3D"m_1387969289276275631Apple-interchange-newline">
--</span><br style=3D"color:rgb(0,0,0);font-family:Helvetica;font-=
size:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;lett=
er-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white=
-space:normal;word-spacing:0px;font-variant-ligatures:normal;font-variant-nu=
meric:normal;font-variant-alternates:normal;font-variant-east-asian:normal;l=
ine-height:normal">
<span style=3D"color:rgb(0,0,0);font-family:Helvetica;font-size:14px=
;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacin=
g:normal;text-align:start;text-indent:0px;text-transform:none;white-space:no=
rmal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:nor=
mal;font-variant-alternates:normal;font-variant-east-asian:normal;line-heigh=
t:normal">Please do not email me anything that
you are not comfortable also sharing</span><span style=3D"color:rg=
b(0,0,0);font-family:Helvetica;font-size:14px;font-style:normal;font-variant=
-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-=
indent:0px;text-transform:none;white-space:normal;word-spacing:0px;font-vari=
ant-ligatures:normal;font-variant-numeric:normal;font-variant-alternates:nor=
mal;font-variant-east-asian:normal;line-height:normal"> with the NSA.</=
span>
</div>
<br>
<div>
<blockquote type=3D"cite">
<div>On Oct 10, 2017, at 4:20 AM, Paul Sztorc <<a href=3D"mailt=
o:truthcoin@gmail.com" target=3D"_blank">truthcoin@gmail.com</a>> wrote:<=
/div>
<br class=3D"m_1387969289276275631Apple-interchange-newline">
<div>
<div dir=3D"auto">Haha, no. Because you "burned" the
coins.</div>
<div class=3D"gmail_extra"><br>
<div class=3D"gmail_quote">On Oct 10, 2017 1:20 AM, "Tao
Effect" <<a href=3D"mailto:contact@taoeffect.com" target=3D=
"_blank">contact@taoeffect.com</a>>
wrote:<br type=3D"attribution">
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex=
;border-left:1px #ccc solid;padding-left:1ex">
<div style=3D"word-wrap:break-word">Paul,
<div><br>
</div>
<div>It's a two-way peg.</div>
<div><br>
</div>
<div>There's nothing preventing transfers
back to the main chain.</div>
<div><br>
</div>
<div>They work in the exact same manner.</div>
<div><br>
</div>
<div>Cheers,</div>
<div>Greg<br>
<div>
<span style=3D"font-family:Helvetica;font-size:14px;=
font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing=
:normal;text-align:start;text-indent:0px;text-transform:none;white-space:nor=
mal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:norm=
al;font-variant-alternates:normal;font-variant-east-asian:normal;line-height=
:normal"><br class=3D"m_1387969289276275631m_8294306076325067848Apple-interc=
hange-newline">
--</span><br style=3D"font-family:Helvetica;font-s=
ize:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;lette=
r-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-=
space:normal;word-spacing:0px;font-variant-ligatures:normal;font-variant-num=
eric:normal;font-variant-alternates:normal;font-variant-east-asian:normal;li=
ne-height:normal">
<span style=3D"font-family:Helvetica;font-size:14px;=
font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing=
:normal;text-align:start;text-indent:0px;text-transform:none;white-space:nor=
mal;word-spacing:0px;font-variant-ligatures:normal;font-variant-numeric:norm=
al;font-variant-alternates:normal;font-variant-east-asian:normal;line-height=
:normal">Please do not email me
anything that you are not comfortable also
sharing</span><span style=3D"font-family:Helvetica=
;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:norma=
l;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none=
;white-space:normal;word-spacing:0px;font-variant-ligatures:normal;font-vari=
ant-numeric:normal;font-variant-alternates:normal;font-variant-east-asian:no=
rmal;line-height:normal"> with the NSA.</span>
</div>
<br>
<div>
<blockquote type=3D"cite">
<div>On Oct 9, 2017, at 6:39 PM, Paul
Sztorc <<a href=3D"mailto:truthcoin@gmail.com=
" target=3D"_blank">truthcoin@gmail.com</a>>
wrote:</div>
<br class=3D"m_1387969289276275631m_82943060763250=
67848Apple-interchange-newline">
<div>
<div dir=3D"auto">
<div>That is only a one-way peg,
not a two-way.</div>
<div dir=3D"auto"><br>
</div>
<div dir=3D"auto">In fact, that is
exactly what drivechain does, if one
chooses parameters for the drivechain
that make it impossible for any
side-to-main transfer to succeed.</div>
<div dir=3D"auto"><br>
</div>
<div dir=3D"auto">One-way pegs have
strong first-mover disadvantages.</div>
<div dir=3D"auto"><br>
</div>
<div dir=3D"auto">Paul<br>
<div class=3D"gmail_extra" dir=3D"auto"><br>=
<div class=3D"gmail_quote">On Oct 9,
2017 9:24 PM, "Tao Effect via
bitcoin-dev" <<a href=3D"mailto:bitco=
in-dev@lists.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxf=
ounda<wbr>tion.org</a>>
wrote:<br type=3D"attribution">
<blockquote class=3D"m_13879692892762756=
31m_8294306076325067848quote" style=3D"margin:0 0 0 .8ex;border-left:1px #cc=
c solid;padding-left:1ex">
<div style=3D"word-wrap:break-word">
<div style=3D"word-wrap:break-word">=
Dear list,
<div><br>
</div>
<div>In previous
arguments over Drivechain
(and Drivechain-like
proposals) I promised that
better scaling proposals =E2=80=94=
that do not sacrifice
Bitcoin's security =E2=80=94 wou=
ld
come along.</div>
<div><br>
</div>
<div>I planned to do
a detailed writeup, but have
decided to just send off
this email with what I have,
because I'm unlikely to have
time to write up a detailed
proposal.</div>
<div><br>
</div>
<div>The idea is very
simple (and by no means
novel*), and I'm sure others
have mentioned either
exactly it, or similar ideas
(e.g. burning coins) before.</di=
v>
<div><br>
</div>
<div>This is a
generic sharding protocol
for all blockchains,
including Bitcoin.</div>
<div><br>
</div>
<div>Users simply
say: "My coins on Chain A
are going to be sent to
Chain B".</div>
<div><br>
</div>
<div>Then they burn
the coins on Chain A, and
create a minting transaction
on Chain B. The details of
how to ensure that coins do
not get lost needs to be
worked out, but I'm fairly
certain the folks on this
list can figure out those
details.</div>
<div><br>
</div>
<div>- Thin clients,
nodes, and miners, can all
very easily verify that said
action took place, and
therefore accept the "newly
minted" coins on B as valid.</di=
v>
<div>- Users client
software now also knows
where to look for the other
coins (if for some reason it
needs to).</div>
<div><br>
</div>
<div>This doesn't
even need much modification
to the Bitcoin protocol as
most of the verification is
done client-side.</div>
<div><br>
</div>
<div>It is fully
decentralized, and there's
no need to give our
ownership of our coins to
miners to get scale.</div>
<div><br>
</div>
<div>My sincere
apologies if this has been
brought up before (in which
case, I would be very
grateful for a link to the
proposal).</div>
<div><br>
</div>
<div>Cheers,</div>
<div>Greg Slepak</div>
<div><br>
</div>
<div>* This idea is
similar in spirit to
Interledger.</div>
<div><br>
</div>
<div>
<div>
<div><span style=3D"font-famil=
y:Helvetica;font-size:14px;font-style:normal;font-variant-caps:normal;font-w=
eight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-tra=
nsform:none;white-space:normal;word-spacing:0px;font-variant-ligatures:norma=
l;font-variant-numeric:normal;font-variant-alternates:normal;font-variant-ea=
st-asian:normal;line-height:normal">--</span><br style=3D"font-family:Helvet=
ica;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:no=
rmal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:n=
one;white-space:normal;word-spacing:0px;font-variant-ligatures:normal;font-v=
ariant-numeric:normal;font-variant-alternates:normal;font-variant-east-asian=
:normal;line-height:normal">
<span style=3D"font-family:H=
elvetica;font-size:14px;font-style:normal;font-variant-caps:normal;font-weig=
ht:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transf=
orm:none;white-space:normal;word-spacing:0px;font-variant-ligatures:normal;f=
ont-variant-numeric:normal;font-variant-alternates:normal;font-variant-east-=
asian:normal;line-height:normal">Please do not
email me anything that
you are not
comfortable also
sharing</span><span style=3D=
"font-family:Helvetica;font-size:14px;font-style:normal;font-variant-caps:no=
rmal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0=
px;text-transform:none;white-space:normal;word-spacing:0px;font-variant-liga=
tures:normal;font-variant-numeric:normal;font-variant-alternates:normal;font=
-variant-east-asian:normal;line-height:normal"> with the
NSA.</span>
</div>
<br>
</div>
</div>
</div>
</div>
<br>
______________________________<wbr>___=
______________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.li=
nuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundat<wbr>ion.=
org</a><br>
<a href=3D"https://lists.linuxfoundati=
on.org/mailman/listinfo/bitcoin-dev" rel=3D"noreferrer" target=3D"_blank">ht=
tps://lists.linuxfoundation.<wbr>org/mailman/listinfo/bitcoin-d<wbr>ev</a><b=
r>
<br>
</blockquote>
</div>
<br>
</div>
</div>
</div>
</div>
</blockquote>
</div>
<br>
</div>
</div>
</blockquote>
</div>
</div>
</div>
</blockquote>
</div>
<br>
</blockquote>
<p><br>
</p>
=20
</div></blockquote><blockquote type=3D"cite"><div><span>____________________=
__________<wbr>_________________</span><br><span>bitcoin-dev mailing list</s=
pan><br><span><a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" targe=
t=3D"_blank">bitcoin-dev@lists.<wbr>linuxfoundation.org</a></span><br><span>=
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" t=
arget=3D"_blank">https://lists.linuxfoundation.<wbr>org/mailman/listinfo/bit=
coin-<wbr>dev</a></span><br></div></blockquote></div></div><br>_____________=
_________________<wbr>_________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.<=
wbr>linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" r=
el=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.<wbr>org/m=
ailman/listinfo/bitcoin-<wbr>dev</a><br>
<br></blockquote></div></div>
</div></blockquote></body></html>=
--Apple-Mail-B8DF4BE6-D1E5-4666-8706-89DCBE43D885--
|
