Why Nostr? What is Njump?
2023-06-07 18:01:14
in reply to

Peter Todd [ARCHIVE] on Nostr: 📅 Original date posted:2017-05-16 📝 Original message:On Mon, May 15, 2017 at ...

📅 Original date posted:2017-05-16
📝 Original message:On Mon, May 15, 2017 at 11:59:58PM +0000, Gregory Maxwell via bitcoin-dev wrote:
> On Mon, May 15, 2017 at 11:04 PM, ZmnSCPxj via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > transactions is in the header, which would let lite nodes download a UTXO
> > set from any full node and verify it by verifying only block headers
> > starting from genesis.
>
> Ya, lite nodes with UTXO sets are one of the the oldest observed
> advantages of a commitment to the UTXO data:
>
> https://bitcointalk.org/index.php?topic=21995.0
>
> But it requires a commitment. And for most of the arguments for those
> you really want compact membership proofs. The recent rise in
> interest in full block lite clients (for privacy reasons), perhaps
> complements the membership proofless usage.
>
> Pieter describes some uses for doing something like this without a
> commitment. In my view, it's more interesting to first gain
> experience with an operation without committing to it (which is a
> consensus change and requires more care and consideration, which are
> easier if people have implementation experience).

To be clear, *none* of the previous (U)TXO commitment schemes require *miners*
to participate in generating a commitment. While that was previously thought to
be true by many, I've seen no counter-arguments to the argument I published I
few months ago(1) that (U)TXO commitments did not require a soft-fork to
deploy.

1) "[bitcoin-dev] TXO commitments do not need a soft-fork to be useful",
Peter Todd, Feb 23 2017,
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-February/013591.html

--
https://petertodd.org 'peter'[:-1]@petertodd.org
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