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From: Peter Todd <pete@petertodd.org>
To: Isidor Zeuner <cryptocurrencies@quidecco.de>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Merged mining a side chain with proof of burn	on parent chain
Date: Thu, 5 Feb 2015 17:34:31 -0800	[thread overview]
Message-ID: <20150206013431.GO32226@muck> (raw)
In-Reply-To: <20150204135443.2907FE2DCAD@quidecco.de>

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On Wed, Feb 04, 2015 at 02:54:43PM +0100, Isidor Zeuner wrote:
> Hi there,
> 
> comments in-line:
> 
> >> I later wrote up the idea in the context of adding Zerocoin to
> >> Bitcoin:
> >>
> >> http://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg02472.html
> >>
> 
> For the sake of maximum clarity with respect to modelling the value of
> a Bitcoin, I don't think that approaches which change the number
> of coins that can possibly be circulated should be encouraged.
> 
> So, I like the idea of having the "sacrificed" coins appearing in the
> mining fees in a future block. But what is meant with OP_DEPTH in this
> context? From what I read, this operation just manipulates the stack
> size when evaluating the script, so I don't see how it would
> affect miner incentives.

Oh, where I was saying OP_DEPTH, I was referring to a *hypothetical*
opcode; I'd forgotten when I wrote that post that OP_DEPTH is an real
opcode.

These days I'd suggest you use the (upcoming on BTC/live on Viacoin)
OP_CHECKLOCKTIMEVERIFY opcode instead. Pretty simple really:

    <current blockheight + 1 year worth of blocks> CHECKLOCKTIMEVERIFY

-- 
'peter'[:-1]@petertodd.org
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      reply	other threads:[~2015-02-06  1:34 UTC|newest]

Thread overview: 23+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-12-09 21:14 [Bitcoin-development] ACK NACK utACK "Concept ACK" Sergio Lerner
2014-12-09 21:30 ` Matt Corallo
2014-12-10  6:47   ` Wladimir
2014-12-10  7:35     ` [Bitcoin-development] Merged mining a side chain with proof of burn on parent chain Tamas Blummer
2014-12-10  8:30       ` patrick
2014-12-16  9:55         ` Alex Mizrahi
2014-12-16 12:36           ` Peter Todd
2014-12-15 14:55       ` Isidor Zeuner
2014-12-16  8:28         ` Tamas Blummer
2014-12-16 12:30       ` Tamas Blummer
2014-12-18 16:23         ` Tamas Blummer
2014-12-10  8:21     ` [Bitcoin-development] ACK NACK utACK "Concept ACK" Wladimir
2014-12-10 15:45       ` Austin Walne
2014-12-17  8:44         ` Wladimir
2014-12-10 15:52     ` Jeff Garzik
2014-12-16 23:40       ` Btc Drak
2014-12-11 12:09     ` [Bitcoin-development] Merged mining a side chain with proof of burn on parent chain Isidor Zeuner
2014-12-11 14:56       ` Tamas Blummer
2014-12-15 10:21         ` Tamas Blummer
2014-12-15 12:39           ` Peter Todd
2014-12-15 13:06             ` Tamas Blummer
2015-02-04 13:54             ` Isidor Zeuner
2015-02-06  1:34               ` Peter Todd [this message]

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