Re: [bitcoin-dev] TXO commitments do not need a soft-fork to be useful

2017-05-16 Thread Peter Todd via bitcoin-dev
On Tue, May 16, 2017 at 03:15:17PM +0300, Alex Mizrahi via bitcoin-dev wrote: > > Something I've recently realised is that TXO commitments do not need to be > > implemented as a consensus protocol change to be useful. > > > You're slow, Peter. I figured this out back in 2013: > > https://bitcoin

Re: [bitcoin-dev] TXO commitments do not need a soft-fork to be useful

2017-05-16 Thread Alex Mizrahi via bitcoin-dev
> Something I've recently realised is that TXO commitments do not need to be > implemented as a consensus protocol change to be useful. You're slow, Peter. I figured this out back in 2013: https://bitcointalk.org/index.php?topic=153662.10 ___ bitcoin-d

Re: [bitcoin-dev] TXO commitments do not need a soft-fork to be useful

2017-03-05 Thread praxeology_guy via bitcoin-dev
Peter Todd & Eric Lombrozo, I also think communicating the UTXO would be increadibly useful. I just made a writeup called "Synchronization Checkpoints" on github. "https://github.com/bitcoin/bitcoin/issues/9885"; This idea also doesn't use commitments. But... Commitments would be a plus, becau

Re: [bitcoin-dev] TXO commitments do not need a soft-fork to be useful

2017-02-22 Thread Peter Todd via bitcoin-dev
On Wed, Feb 22, 2017 at 08:11:47PM -0500, Peter Todd via bitcoin-dev wrote: > 5) By *not* committing the TXO commitment in the block itself, we obsolete my > concept of delayed TXO commitments: you don't need to have calculated the TXO > commitment digest to validate a block anyway! Thinking about

Re: [bitcoin-dev] TXO commitments do not need a soft-fork to be useful

2017-02-22 Thread Eric Lombrozo via bitcoin-dev
This kind of thing is long overdue! I think it’s a great idea to attempt this without soft forking TXO commitments yet so we can see what works best. - E On Wed, Feb 22, 2017 at 5:11 PM, Peter Todd via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Something I've recently realis

[bitcoin-dev] TXO commitments do not need a soft-fork to be useful

2017-02-22 Thread Peter Todd via bitcoin-dev
Something I've recently realised is that TXO commitments do not need to be implemented as a consensus protocol change to be useful. All the benefits they provide to full nodes with regard to allowing for old UTXO data to be pruned - and thus solving the UTXO bloat problem - can be implemented even