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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<Jellyfish> what is the line that separates fault tolerance and trust assumptions?
<Jellyfish> it feels like fault tolerance in a decentralized system
<Jellyfish> is similar or if not equivalent to trust assumptions
<Jellyfish> say a byzantine agreement can tolerate up to 1/3 of faults
<Jellyfish> isn't that the equivalent to say that
<Jellyfish> we trust 2/3 of the network?
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<Jellyfish> no rusty don't leave
<Jellyfish> it's a good question
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<kanzure> andytoshi: oh it works with ecdsa?
<sipa> stevenroose: it's to make sure you can't bypass the locktime by making all inputs nSequence=0xffff... because then the locktime would not have any effect
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<andytoshi> kanzure: yeah, the schnorr stuff all happens off-chain. what hits the chain is basically a pay-to-contract
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<Eliel> andytoshi: does that mean that the scriptless scripts thing works with bitcoin as it is today?
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<andytoshi> Eliel: no, just this specific construction
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<andytoshi> which depends on an oracle who is trusted to reveal the right thing at the right time
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<smk> rip Jean Sammet :(
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