Re: [bitcoin-dev] Proof-of-Stake Bitcoin Sidechains

2019-01-22 Thread Dr Adam Back via bitcoin-dev
Brands credentials use this single show, and multiple show credentials. It's based on the representation problem which is the generalisation to multiple bases where Schnorr is one base, Pedersen Commitments are two bases, Representation problem is n>2 bases. The method used would work for Schnorr

[bitcoin-dev] extension-blocks/sidechains & fractional/coin-cap/demurrage (Re: Let's deploy BIP65 CHECKLOCKTIMEVERIFY!)

2015-10-07 Thread Dr Adam Back via bitcoin-dev
Micha I think you are correct, I dont think extension blocks (or sidechains for that matter) can allow soft-fork increase of the total Bitcoins in the system, because the main chain still enforces the 21m coin cap. A given extension block could go fractional, but if there was a run to get out, the