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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<jtimon>
andytoshi: I didn't noticed that you had a new version of the pos paper until just now when another freicoiner "asked me for the link" (ie proposed pos for freicoin), reading...
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<andytoshi>
jtimon: oh :) it's a bit more readable than the old one, though unfortunately less fun i think
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<jtimon>
andytoshi: love the last sentence: "We showed that by depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value."
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<gmaxwell>
So these mnemonic encodings for e.g. 32 bits into 3 words with a 1626 sized wordlist. For error protection, how about a base-1625 DAMM code?
<fluffypony>
gmaxwell: we have an extra word as a checksum, not very imaginative but it saves fat fingers
<gmaxwell>
fluffypony: having a checksum is obvious, but with a damm code you get guarentted detection of all single position subsutitious and all neighhboring position swaps.
<fluffypony>
Interesting
<fluffypony>
I'm reading up on it now
<fluffypony>
Oh that's clever
<fluffypony>
Thanks for the insight, gmaxwell, I'm going to play around with this a bit
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<OxADADA>
url
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