Jeremy Rubin [ARCHIVE] on Nostr: 📅 Original date posted:2022-02-15 📝 Original message:Hi Rusty, Please see my ...

📅 Original date posted:2022-02-15
📝 Original message:Hi Rusty,

Please see my post in the other email thread
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-February/019886.html

The differences in this regard are several, and worth understanding beyond
"you can iterate CTV". I'd note a few clear examples for showing that "CTV
is just as powerful" is not a valid claim:

1) CTV requires the contract to be fully enumerated and is non-recursive.
For example, a simple contract that allows n participants to take an action
in any order requires factorially many pre-computations, not just linear or
constant. For reference, 24! is about 2**80. Whereas for a more
interpretive covenant -- which is often introduced with the features for
recursion -- you can compute the programs for these addresses in constant
time.
2) CTV requires the contract to be fully enumerated: For example, a simple
contract one could write is "Output 0 script matches Output 1", and the set
of outcomes is again unbounded a-priori. With CTV you need to know the set
of pairs you'd like to be able to expand to a-priori
3) Combining 1 and 2, you could imagine recursing on an open-ended thing
like creating many identical outputs over time but not constraining what
those outputs are. E.g., Output 0 matches Input 0, Output 1 matches Output
2.

I think for your point the inverse seems to hold: for the limited
situations we might want to set up, CTV often ends up being sufficient
because usually we can enumerate all the possible outcomes we'd like (or at
least find a mapping onto such a construction). CTV is indeed very
powerful, but as I demonstrated above, not powerful in the same way
("Complexity Class") that OP_TX or TXHASH might be.

At the very least we should clearly understand *what* and *why* we are
advocating for more sophisticated designs and have a thorough understanding
of the protocol complexity we are motivated to introduce the expanded
functionality. Further, if one advocates for TX/TXHASH on a featureful
basis, it's at least a technical ACK on the functionality CTV is
introducing (as it is a subset) and perhaps a disagreement on project
management, which I think is worth noting. There is a very wide gap between
"X is unsafe" and "I prefer Y which X is a subset of ''.

I'll close by repeating : Whether that [the recursive/open ended
properties] is an issue or not precluding this sort of design or not, I
defer to others.

Best,

Jeremy




Best,

Jeremy
--
@JeremyRubin <https://twitter.com/JeremyRubin>;


On Tue, Feb 15, 2022 at 12:46 AM Rusty Russell <rusty at rustcorp.com.au>
wrote:

> Jeremy Rubin <jeremy.l.rubin at gmail.com> writes:
> > Rusty,
> >
> > Note that this sort of design introduces recursive covenants similarly to
> > how I described above.
> >
> > Whether that is an issue or not precluding this sort of design or not, I
> > defer to others.
>
> Good point!
>
> But I think it's a distinction without meaning: AFAICT iterative
> covenants are possible with OP_CTV and just as powerful, though
> technically finite. I can constrain the next 100M spends, for
> example: if I insist on those each having incrementing nLocktime,
> that's effectively forever.
>
> Thanks!
> Rusty.
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220215/3c2a5425/attachment.html>;