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From: Flavien Charlon <flavien.charlon@coinprism.com>
To: Peter Todd <pete@petertodd.org>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] BIP 65 and OP_CHECKLOCKTIMEVERIFY inquiry...
Date: Fri, 28 Nov 2014 11:45:19 +0000	[thread overview]
Message-ID: <CABbpET_VLEZ5W+gTJWYXhafTDWd-dqj79iXjPFkARwV0K3CJTg@mail.gmail.com> (raw)
In-Reply-To: <3A394B8C-FD24-4134-A8B8-CCAF63ECB5B0@petertodd.org>

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> This breaks existing invariants and would make the coins potentially less
fungible because they wouldn't be reorg safe.

I'm not sure coins are ever reorg safe. All it takes is a double spend in
the history of your coins for them to become invalid after a reorg. Because
of that, there are already less fungible coins. This is why we recommend 6
confirmations for important payments.

On Fri, Nov 28, 2014 at 3:18 AM, Peter Todd <pete@petertodd.org> wrote:

> -----BEGIN PGP SIGNED MESSAGE-----
> Hash: SHA256
>
>
>
> On 27 November 2014 18:46:23 GMT-05:00, Gregory Maxwell <
> gmaxwell@gmail.com> wrote:
>
> <snip 100% accurate commentary from gmaxwell>
>
> >The things you're suggesting were all carefully designed out of the
> >proposal, perhaps the BIP text needs some more clarification to make
> >this more clear.
>
> It does; it is still a draft. That said I think writing up some actual
> working examples, in code, of CHECKLOCKTIMEVERIFY using protocols is a
> bigger priority. Micropayment channels comes to mind, as well as a
> greenaddress-style wallet.
>
> When I get a chance I'm going to rebase the initial implementation and add
> to it a command-line-flag to verify CHECKLOCKTIMEVERIFY as an IsStandard()
> rule for testing purposes.
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  reply	other threads:[~2014-11-28 11:54 UTC|newest]

Thread overview: 5+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-11-27 22:56 [Bitcoin-development] BIP 65 and OP_CHECKLOCKTIMEVERIFY inquiry Richard Moore
2014-11-27 23:46 ` Gregory Maxwell
2014-11-28  3:18   ` Peter Todd
2014-11-28 11:45     ` Flavien Charlon [this message]
2014-11-28 12:03       ` Gregory Maxwell

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