schnorr

[jonald_fyookball]

this thing is supposed to improve network capacity 25%.

ok great.

but can i just please point out the hypocrisy of those arguing that we shouldn't bump the blocksize
because we need 'exponential' increases (LN)...when Core is dicking around with schnorr.

of course it makes sense, in case you havent figured it out-- Core wants as little on chain
scaling as possible while they...

oh why i do even bother

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[franky1]

they are prepping to get core(blockstream) nodes as the upper filter tier. ("dont worry folks no need to upgrade and be FULL NODE PEERS, proteching annd diversifying and decentralising the network.. we can filter a stripped data block down to you, no need to validate it")

by changing the keypairs (segwit+schnorr) and dicking around. next stage is to get people to move their UTXO over to segwit/schnorr.("to get the fixes as promised everyone needs to move to segwit keypairs")

next stage is scream blue murder about d-wave threat to really push people to move funds so that they can kill off old blocks and prune it (part of the destroy satoshis / oldtimers stash) if they dont move it in X months.


oh and more intensely funny and worrying.. when they get their p2WSH, they want to slide in a 1 of 2 multisig. where by some 'mimblewimble' manager has the second key, so mimble can just pluck peoples funds out of random people/blocks created after its all setup. to spend (but salespitch twisted) in a cough trusted cough mixer and then hand the funds back in the next block, thus allowing them to keep blocks stored down.

some fools see the "wow less blocks to store, amazing huh".. but others see the "dang they wanna have control of our coins, hell no"
especially when mimble becomes more about the UTXO like an account balance.. rather than the blockchain concept of the last 8 years.

then we can just call it bank2.0

[jonald_fyookball]

they are prepping to get core(blockstream) nodes as the upper filter tier. ("dont worry folks no need to upgrade and be FULL NODE PEERS, proteching annd diversifying and decentralising the network.. we can filter a stripped data block down to you, no need to validate it")

by changing the keypairs (segwit+schnorr) and dicking around. next stage is to get people to move their UTXO over to segwit/schnorr.("to get the fixes as promised everyone needs to move to segwit keypairs")

next stage is scream blue murder about d-wave threat to really push people to move funds so that they can kill off old blocks and prune it (part of the destroy satoshis / oldtimers stash) if they dont move it in X months.


oh and more intensely funny and worrying.. when they get their p2WSH, they want to slide in a 1 of 2 multisig. where by some 'mimblewimble' manager has the second key, so mimble can just pluck peoples funds out of random people/blocks created after its all setup. to spend (but salespitch twisted) in a cough trusted cough mixer and then hand the funds back in the next block, thus allowing them to keep blocks stored down.

some fools see the "wow less blocks to store, amazing huh".. but others see the "dang they wanna have control of our coins, hell no"
especially when mimble becomes more about the UTXO like an account balance.. rather than the blockchain concept of the last 8 years.

then we can just call it bank2.0

if what you're saying is true and not exaggerated/spin, then they (core) has truly gone mad.

[franky1]

if what you're saying is true and not exaggerated/spin, then they (core) has truly gone mad.

well segwit only fixes things if everyone is disarmed from doing quadratics/malle which is only really achieved by moving to segwit keys. (the activation is more about getting the topography of the tier network inplace when people set up thier node
...
mimble works by having a mimble manager with the key to a multisig to use funds without the owner having to be actively online.
...
the spin is only.. if these get activated and if they are used by the managers for negative purposes..
there is no spin about the functions abilities. just who and how it could be used by the wrong people incharge

sorry if im never the utopian dreamer and ass kisser. but i look for flaws to wake people up to risks.

P.S core went mad ages ago. for many many reasons

[Andre_Goldman]

Reading http://bitcoin.stackexchange.com/questions/34288/what-are-the-implications-of-schnorr-signatures/35351
about Schnorr Scheme...

points 4,5 sounds interesting ..

4 -Slightly smaller for all transactions: assuming Bitcoin uses the ed25519 curve, which has a similar key strength to the secp256k1 ECDSA curve Bitcoin currently uses, compressed Schnorr public keys and signatures will be (respectively) 32 bytes and up to 64 bytes compared to current compressed Bitcoin secp256k1 public keys and (non-compressed) signatures that are 33 bytes and up to 75 bytes.

5 - Plausible deniability for multisig: using Schnorr threshold signatures it may be easier to prevent multiple signers or third-parties from knowing who else signed or didn't sign. That's because the individual signatures are merged into a unified signature that doesn't directly reveal who signed it. This can be used in situations where the signers are afraid of reprisals for spending funds in a particular way.

[franky1]

Plausible deniability for multisig: using Schnorr threshold signatures it may be easier to prevent multiple signers or third-parties from knowing who else signed or didn't sign. That's because the individual signatures are merged into a unified signature that doesn't directly reveal who signed it. This can be used in situations where the signers are afraid of reprisals for spending funds in a particular way.

or used by managers to create 1 of 2 multisigs, and pretend its just a single signer..


but shhhhh dont tell people it before gmaxwell has control of the network to abuse it..