[Bitcoin-development] BIP 65 and OP_CHECKLOCKTIMEVERIFY inquiry...

Flavien Charlon flavien.charlon at coinprism.com
Fri Nov 28 11:45:19 UTC 2014


> 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 at petertodd.org> wrote:

> -----BEGIN PGP SIGNED MESSAGE-----
> Hash: SHA256
>
>
>
> On 27 November 2014 18:46:23 GMT-05:00, Gregory Maxwell <
> gmaxwell at 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.
> -----BEGIN PGP SIGNATURE-----
> Version: APG v1.1.1
>
> iQFQBAEBCAA6BQJUd+luMxxQZXRlciBUb2RkIChsb3cgc2VjdXJpdHkga2V5KSA8
> cGV0ZUBwZXRlcnRvZGQub3JnPgAKCRAZnIM7qOfwhWmcB/0UK030Q6TSpi95x0Gh
> hGYaSAInUWpbZzZtP+1AFrGDGRdGo0glFFf8xggI+U5kuc0woPYrn/VEGcprPhvs
> KQFZrirXVr7Q09TVlHiPDen5v3Y7xwL5kQDUrBPP71Pe3R2o6IbfdwxsZ8+yYso8
> hY6WQmImQpKJd4gEd76w1QrF8Btl1Jz/PGh4EE3GSPGlflvBwA6igSiRoD/czb1x
> 63y4AsPEil2hrmIjTZHqwnl40BqnmZ8qpNLWeIEjE++pbkxLTjvUcPy03/wtTWZA
> 5dCGeY5WavgZsPazhSdaTtM5/7wPSQQ0PDXNHdHgmewkvbyBpy78orV/3bEG+xFz
> 2SWi
> =4OmI
> -----END PGP SIGNATURE-----
>
>
>
> ------------------------------------------------------------------------------
> Download BIRT iHub F-Type - The Free Enterprise-Grade BIRT Server
> from Actuate! Instantly Supercharge Your Business Reports and Dashboards
> with Interactivity, Sharing, Native Excel Exports, App Integration & more
> Get technology previously reserved for billion-dollar corporations, FREE
>
> http://pubads.g.doubleclick.net/gampad/clk?id=157005751&iu=/4140/ostg.clktrk
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20141128/83bcf235/attachment.html>


More information about the bitcoin-dev mailing list