kang

33 ms·

241.
by kang 11y ago
Schnorr Signatures plus Colored coins
242.
by kang 11y ago
'Do with' not 'do in'. For example, there could be an ether-tcp that transports data using unused header bytes. Now factually you don't send data 'in' TCP header so TCP-ether might seem better, but actuall
243.
by kang 11y ago
Interesting. Roughly 3,682,674 minutes have passed since its inception so expected blocks would be 368,267 whereas it is 391,933. Thus average should be less than 5. I guess due to low frequency of transactions the median is not the same as
244.
by kang 11y ago
So does paypal. I was comparing decentralized currencies.
245.
by kang 11y ago
All those "proof-of"s have a money origin problem.
246.
by kang 11y ago
Two in a minute or one in hour averages out to 10; the difficulty adjusts itself to do so. However, I said "less than" 5 because difficulty has been increasing and more blocks are less than 10 minutes than not.
247.
by kang 11y ago
> or some transactions could be moved to “sidechains” as proposed in systems like the Bitcoin Lightning Network. But the Lightning Network is useful only for a ledger that is denominated in Bitcoin, and we still have to deal with the “ce
248.
by kang 11y ago
I certainly hope you'll submit a patch to this open-source project so that others don't have to face the same problems.
249.
by kang 11y ago
OP did mean it as an important and big thing & even the links pointed to wallets pointing each other out over not doing this (seriously?)
250.
by kang 11y ago
You can send an email(messaging) behind the scene, need not be manual nor is a task that require standardization. Sig3 is more secure theoretically but its an overkill & non-requirement nevertheless. Why not have Sig4? Sig100 would be t
251.
by kang 11y ago
It can be sent over email or anything , doesn't even need security.
252.
by kang 11y ago
That is because the government changed the formula for GDP calculation. Perhaps its a kind of growth hack.
253.
by kang 11y ago
I haven't read how the wallets are implementing multisig but what is this out-of-band protocol you are talking about? If I want to spend coins from a multisig address, I create a transaction, sign it with my key and send it to the othe
254.
by kang 11y ago
Bitcoin
255.
by kang 11y ago
But why is this transition desirable? Living in the world's largest democracy, it's more and more evident each day that the basis of democracy is it's biggest problem itself - majority. Majority is not always right & mino
256.
by kang 11y ago
You still need a bank account. Beats the purpose imo.
257.
by kang 11y ago
You might like http://the.mailman.ninja/
258.
by kang 11y ago
This is like finding unused bytes in TCP headers and using them to store data for messaging. This is not what the bitcoin's blockchain is designed for and if you want your data to persist across everyone's computer use something s
259.
by kang 11y ago
The problem statement is not so simple; one one hand there is incentive for the miner to keep the block small so that it propagates the network faster but that is looking at immediate profit, however, on the other hand, Peter Todd has shown
260.
by kang 11y ago
From section 3.7.1 of the paper >"Because this is not a content-addressed object, pub- lishing it relies on the only mutable state distribution system in IPFS, the Routing system. The process is (1) publish the object as a regular i
261.
by kang 11y ago
Isn't IPNS a centralised component? If not, how does it work?
262.
by kang 11y ago
Not exactly. You still need to solve the origin of money problem. Refer problems with proof-of-stake coins.
263.
by kang 11y ago
I was talking to one of the bitcoin core devs and his opinion was that purely in terms of power consumed, litecoin could be more secure than bitcoin. Bitcoin certainly has the network effect in terms of usage going for it.
264.
by kang 11y ago
Because it does not work on it's own. The IBLT compression is just a way to check whether a data (transaction) is part of a dataset (transactions in mempool) when collision is low. For this to work, the mempools must be almost same. Li
265.
by kang 11y ago
But that leaves out the poor, because there is no alternative to shouting.
266.
by kang 11y ago
It increases orphan rates but more importantly is an unscalable solution.
267.
by kang 11y ago
But the 'O(1) block propagation time proposal' essentially merges the consensus and networking layer. Notable problems: 1. Engineering would like to keep the networking layer and consensus layer separate because of architectural d
268.
by kang 11y ago
I live in India and my parents lived in mud homes. My grandparents just upgraded 5 years ago. And by no means am I poor.
269.
by kang 11y ago
I am not native english speaker so perhaps was misunderstood again. You searched for a content by an author, and the network gives you multiple hashes, which one do you trust, without a central authority telling you?
270.
by kang 11y ago
I gave a poor example. What I wanted to say was an ever changing data in a non-centrally managed context. Some nodes hold hashes for the previous version and then they'd compete for resources. The thing from bitcoin is 51% attack where

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