Re: [bitcoin-dev] Updates on Confidential Transactions efficiency

2017-12-04 Thread Andrew Poelstra via bitcoin-dev
To follow up on the remarkable work Greg announced from Benedikt Bünz (Stanford) and Jonathan Bootle (UCL) on Bulletproofs: https://eprint.iacr.org/2017/1066 Summary = Over the last couple weeks, along with Jonas Nick, Pieter Wuille, Greg Maxwell and Peter Dettmann, I've implemented the s

Re: [bitcoin-dev] Updates on Confidential Transactions efficiency

2017-11-14 Thread Gregory Maxwell via bitcoin-dev
On Tue, Nov 14, 2017 at 10:38 AM, Gregory Maxwell wrote: > I think it's still fair to say that ring-in and tree-in approaches > (monero, and zcash) are fundamentally less scalable than > CT+valueshuffle, but more private-- though given observations of Zcash While I'm enumerating private transacti

Re: [bitcoin-dev] Updates on Confidential Transactions efficiency

2017-11-14 Thread Gregory Maxwell via bitcoin-dev
On Tue, Nov 14, 2017 at 9:11 AM, Peter Todd wrote: > I _strongly_ disagree with this statement and urge you to remove it from the > paper. I very strongly disagree with your strong disagreement. > The worst-case risk of undetected inflation leading to the destruction of a > currency is an easily

Re: [bitcoin-dev] Updates on Confidential Transactions efficiency

2017-11-14 Thread Peter Todd via bitcoin-dev
On Tue, Nov 14, 2017 at 01:21:14AM +, Gregory Maxwell via bitcoin-dev wrote: > The primary advantage of this approach is that it can be constructed > without any substantial new cryptographic assumptions (e.g., only > discrete log security in our existing curve), that it can be high > performan

Re: [bitcoin-dev] Updates on Confidential Transactions efficiency

2017-11-14 Thread Peter Todd via bitcoin-dev
On Tue, Nov 14, 2017 at 01:21:14AM +, Gregory Maxwell via bitcoin-dev wrote: > Jump to "New things here" if you're already up to speed on CT and just > want the big news. > This work also allows arbitrarily complex conditions to be proven in > the values, not just simple ranges, with proofs

[bitcoin-dev] Updates on Confidential Transactions efficiency

2017-11-13 Thread Gregory Maxwell via bitcoin-dev
Jump to "New things here" if you're already up to speed on CT and just want the big news. Back in 2013 Adam Back proposed that Bitcoin and related systems could use additive homomorphic commitments instead of explicit amounts in place of values in transactions for improved privacy. ( https://b