#bitcoin-wizards on 2016-05-05 — irc logs at freenode.irclog.whitequark.org

2015-10-30 00:53 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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00:40 <maaku> whatever it is supposed to do, isn't that layer violating?

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04:12 <da2ce7_mobile> I was thinking about various miner incentives, wondered about this particular game theory:

04:12 <da2ce7_mobile> Miner pays child block. Miner of a very-high free transaction will create an anyone-can-spend transaction dependant on their block with a part of that fee to incentivise other miners to not orphan their block.

04:13 <da2ce7_mobile> if so, can somebody please point me to the an original writeup of this idea.

04:15 <da2ce7_mobile> this post is kinda like it: https://www.reddit.com/r/btc/comments/41qlhj/game_theory_miners_should_include_a_chain_fee_in/

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04:19 <da2ce7_mobile> I guess the miner would have to use a non-coinbase output so that would require having unspent coins available equivalent to the amount they wish to pay the child block.

04:25 <da2ce7_mobile> Or create a new transaction type: "Pay to Block Child Lock" where they could create a transaction that can only be spent by the first coinbase output of a block that X higher than the block it was included in.

04:26 <da2ce7_mobile> Then the child block could spend that output in 99 blocks.

04:28 <da2ce7_mobile> Maybe "Pay to Block Height" where the output is spendable by the block first coinbase output of the blockheigh specified.

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07:59 <smooth> da2ce7_mobile: similar concepts discussed here: https://bitcointalk.org/index.php?topic=312668.0

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13:30 <bsm117532> da2ce7_mobile: The orphan problem is a design problem: it's an unnecessary race condition that can be removed by not allowing miners to write their own coinbase, but to write their rewards "lazily" -- in the future after everyone can see all possible orphans. CS design problems and race conditions should not be solved by economic incentives.

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14:52 <shesek> if anyone is interested in keeping a local copy of Craig's deleted posts (via archive.is), you can use this command to grab everything: curl http://archive.is/http://www.drcraigwright.net/* | egrep -o 'http://archive.is/\w+"><img'| sed 's!is/!is/download/!' | sed 's/"><img/.zip/' | xargs wget -U 'Mozilla/5.0 (X11; Linux x86_64)'

14:53 <shesek> (including the original images, with no compression, some has EXIF metadata)

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