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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<ebfull> what is the most common `vin` arity for a bitcoin transaction in practice? is there a tool equipt to calculate that easily via the blockchain?
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<ebfull> oops meant to ask that in #bitcoin-dev
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<kanzure> "E.g., instead of using PoW to designate the winner, use the hash of the last block to appoint the decider of the next block. If you can get the hash to be truly unpredictable (e.g., I can't frontrun myself by pre-predicting myself as the winner) then a more perfectly distributed lottery would remove the need for energy burning at all."
<kanzure> (from ian grigg)
<kanzure> but.... then you still need sybil resistance. so i'm not sure what he's thinking.
<bsm1175321> You have to be sure the selected node is online.
<bsm1175321> And I can get the hash to favor me (statistically), by submitting transactions.
<bsm1175321> The ex-post-facto block publication mechanism of bitcoin is a significant advantage in a byzantine enviroment. Sounds like he's advocating something closer to traditional leader election, which is best left to non-byzantine environments.
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<bramc> In proof of stake you inherently have a tradeoff with functioning while peers are offline. If you want to be able to function with only x% online then you have a serious risk that something greater than x% will do retroactive re-mining, especially if you get into a state where there really is only x% online
<bramc> In practice it seems that most cow systems are completely controlled by one entity who stays online all the time, so problem solved.
<adlai> CoW?
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<tromp__> CoW == proof of steak in Cohenese
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<bramc> Update on the stuff I was babbling about yesterday: I've now consolidated is_included() and is_included_make_proof() to both use the same underlying function. It's only a few lines of code to support the optimized but still not great is_included() without proof, so I'm not sweating it any more.
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<catfish> what do I need to start minining bitcoins
<catfish> or how can I start earning bitcoins
<bramc> catfish, Ask in #bitcoin
<catfish> k thanks
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<coinoperated> tromp__ Proof of Steak is also, technically, Cohenese
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<RoboTeddy> tromp__: are you the L19 Tromp?
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<fluffypony> RoboTeddy: he is
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<RoboTeddy> tromp__: congratulations then :)
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<tromp__> thanks:)
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