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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<sarang> I was reading the paper on the new Sonic SNARK scheme, interested mainly in the updateable SRS... the paper did not make it clear what the assumptions were on the update process and any verification of such an update. Any insights from this room?
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<nsh> which paper, sarang?
<sarang> Yep
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<nsh> it has occurred to me that zero-knowledge properties might be useful for local computations as well as for distributed systems, but i am not yet able to formalise this intuition meaningfully enough
<nsh> but the rough idea is to implement quantum-like computations classically by operating in zero-knowledge to produce certificates of completion of subtasks but have the route by which they were arrived at be unknown to the computer
<nsh> and operating in zero-knowledge should conceivably enable this
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<nsh> what would/might the/a transition plan be in the case of a known break of ecc
<nsh> security of addresses would rest on ripemd160 collision and second-preimage resistance
<nsh> which we shouldn't expect to hold more than a few decades
<nsh> obviously the worst-case scenario is a simultaneous break of the hash and asymmetric cryptography primitives but assuming the latter breaks first it seems sensible to have some transition proposals
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