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General Discussion / Re: Subsidizing Market Liquidity
« on: February 19, 2016, 09:25:25 pm »How long would it be until this hardfork would be ready?
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How long would it be until this hardfork would be ready?
what can prevent collude?Is that mean, that we could keep private keys in blockchain, like private key to BTC account, which is used to create a bitcoin sidechain?
Is that mean, that witnesses could also sign a transaction without knowing a key?
Please say yes, please say yes.
[EDIT]Quote...
Bitcoin Wallet
1. Decentralized private key generation – Multiple Enigma nodes locally create a segment of
the key, whereas the full key is only ever assembled by the user. No trail of evidence is left
anywhere.
2. Decentralized transaction signing – Transactions signed without ever exposing the private
key or leaving a trail.
....
@bytemaster @bytemaster @bytemaster
Using the salaries example... every witness knows their own but collectively they compute the average without revealing their
individual salaries. This is similar to collectively calculating a signature without any one party knowing the private key.
The problem is that the parties can still collude to calculate the private key and share it. Furthermore, they could collude to calculate the signature on an arbitrary transactions. In effect, it reduces to multisig.
You still have to follow everything back to genesis. This allows parallel updates, but all updates must still be broadcast.understood,thanks bm.