Bitcoin Forum
April 25, 2024, 08:11:19 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Archived.  (Read 216 times)
actmyname (OP)
Copper Member
Legendary
*
Offline Offline

Activity: 2562
Merit: 2504


Spear the bees


View Profile WWW
January 11, 2018, 07:19:53 PM
 #1

To clarify: if you, for example, want to have a decentralized coin/token and are using it in a semi-contained setting in the context of spending specific amounts at a store, what would be the best way to
a) secure the network without high costs
b) prevent human error with transactions i.e. spend specific amounts of coins and/or "refund" in some way
c) mitigate transaction costs
d) sustain a large network and scale

Regarding a) and c): would this be concerning primarily the algorithm?
In terms of b) I thought about some smart contract system to limit the number of coins in each transaction, i.e. reject transactions that have an incorrect outward tx amount.

1714032679
Hero Member
*
Offline Offline

Posts: 1714032679

View Profile Personal Message (Offline)

Ignore
1714032679
Reply with quote  #2

1714032679
Report to moderator
1714032679
Hero Member
*
Offline Offline

Posts: 1714032679

View Profile Personal Message (Offline)

Ignore
1714032679
Reply with quote  #2

1714032679
Report to moderator
1714032679
Hero Member
*
Offline Offline

Posts: 1714032679

View Profile Personal Message (Offline)

Ignore
1714032679
Reply with quote  #2

1714032679
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714032679
Hero Member
*
Offline Offline

Posts: 1714032679

View Profile Personal Message (Offline)

Ignore
1714032679
Reply with quote  #2

1714032679
Report to moderator
1714032679
Hero Member
*
Offline Offline

Posts: 1714032679

View Profile Personal Message (Offline)

Ignore
1714032679
Reply with quote  #2

1714032679
Report to moderator
aleksej996
Sr. Member
****
Offline Offline

Activity: 490
Merit: 389


Do not trust the government


View Profile
January 17, 2018, 12:59:48 PM
 #2

I am not sure about what you mean by semi-contained, but I will answer with some assumptions.
a) If I was to create a crypto, I would either use colored bitcoins or make transactions on Bitcoin network with the hash of the latests blocks in my crypto. This way you can rest on the security of Bitcoin with only mining fees.
b) Perhaps making all transactions use lock-time as an option of spending, kinda like LN uses. If that is possible, you could implement that funds are returned to the sender if they are not spent in certain amount of blocks. Not optimal, but it is the best I got.
c) It seems to me like there will always be transaction costs to stop spam, if nothing else.
d) I am not sure why you wouldn't be able to use scaling solutions that people came up with already, like LN or perhaps increasing the blocksize overtime.
Joel_Jantsen
Legendary
*
Offline Offline

Activity: 1862
Merit: 1308

Get your game girl


View Profile
January 18, 2018, 12:55:43 PM
 #3

To start with,
Quote
development of a decentralized network

i.e. reject transactions that have an incorrect outward tx amount.
Don't go hand in hand.They're two opposite sides of the same coin.A true decentralised network shouldn't forcefully restrict the  fundamental features of a coin.


To clarify: if you, for example, want to have a decentralized coin/token and are using it in a semi-contained setting in the context of spending specific amounts at a store, what would be the best way to
a) secure the network without high costs
Won't the costs gradually increase as the network grows ? Even if you have a scalable modal ,at some point you'll face scalability issues because you just can't implement or know "how scalable" forefront.

b) prevent human error with transactions i.e. spend specific amounts of coins and/or "refund" in some way
Has  nothing to do with a decentralised network but yes such minimal features should be taken care of.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!