Re: [Bitcoin-development] Discussion related to pull 349 and pull 319 (escrow transactions)

[bgroff@lavabit.com]

> On Wed, Aug 3, 2011 at 2:10 AM,  <bgroff@lavabit.com> wrote:
>> Thank you!  (I think you mean 319 here)
>
> Correct.
>
>> With Eligius mining !IsStandard transactions and probably other pools
>> open
>> to the idea, I am hopeful that we can quickly get 30%+ of mining power
>> to
>> upgrade, which means that we could still mine these in a reasonable time
>> frame (under 1 hour).
>
> It's not just a matter of mining power, it's also a question of
> propagation.  Matt and I tried to perform a non-standard transaction
> weeks ago and weren't able to get in mined after many hours. (we
> eventually double spent the input with a normal transaction in order
> to make it go away, interestingly one point about non-propagating txn
> is that they're extra vulnerable to double spending by a standard txn,
> as the non-standard one won't preclude the propagation of the standard
> one)

Right, the user would have to connect directly to miners accepting
non-standard transactions.

> From discussion on IRC it seemed clear enough that the current focus
> on maturity/bugfixes is probably going to delay your full patch, but
> the IsStandard part is uncontroversial and could go in quickly.

With the latest high profile security breaches, I am hoping that the whole
things can be pulled relatively soon.  Building secure deposit systems
will improve trust in the ecosystem.

I've included a significant amount of unit tests to "pay" for the
additional feature, and I can add more if needed.

--
Bobby Groff