Quote from: Thenoticer on October 21, 2016, 06:14:49 PM

Quote from: jl777 on October 21, 2016, 04:18:37 PM

Quote from: Thenoticer on October 21, 2016, 04:10:25 PM

Quote from: jl777 on October 21, 2016, 12:45:04 PM

Quote from: Thenoticer on October 21, 2016, 12:37:10 PM

Quote from: jl777 on October 21, 2016, 10:56:04 AM

there is a small chance that this testnet can become the actual mainnet

it was a very remote chance before, but now there are just the bugfixes and the 5% APR left to add

if we can get that and also verify that election ratification works, then there is no need to reset the chain

still a lot of if's, just wanted to post about the increasing chances. what I like about it is that it rewards the people who have been helping the test process. it also makes the mainnet a bit more secure as it starts with an established history.

It would also make KMD the longest running zero knowledge blockchain

Would this mean that a genesis block has already been created? And how does this effect the trusted setup argument?

Thanks.

The genesis block is unrelated to the zcash parameters. the trusted setup argument requires assuming that ALL participants in creating the zcash parameters are colluding.

And if there is such a collusion and it is used to inflate the currency supply, it will be discovered and ALL the participants would be found out that they colluded. Also, market value of zcash will plummet, so it seems that smart people wouldnt collude together to be exposed as a colluding group, even if they were unethical and open to stealing.

Does anybody really believe that Matt Green, et. all will all be colluding to steal zcash? ALL of them? knowing that if they utilize the ability to steal the coins that they will be caught and that there is no doubt as to who did the stealing?

Because of this I do not worry about the trusted setup argument

I guess I just don't quite understand. " The genesis block is unrelated to zcash parameters"

My thinking is getting hung up on this statement.

Quote

if we can get that and also verify that election ratification works, then there is no need to reset the chain

I assumed reset the chain meant create a new genesis block, as wouldn't a "chain" imply it is using a genesis block. Is the testnet chain using a genesis block?

Thanks for the clarity.

All blockchains have a genesis block, it is just the first block that all nodes start from.
If we reset the chain, we will likely change the genesis block, but that is independent as you can reset the chain (start over from genesis) without changing the genesis.

My last comment.

Is the komodo genesis block bullet proof? Ie: are there future arguments that someone could make that it wasn't done in a fair or transparent manner? I've read somewhere that setting up the genesis block for zcash style system would need assurances that the (master key?) be properly destroyed. What assurances does komodo community have that the genesis block + master key was and or will be setup correctly? I believe that I understand the colluding arg, (all participants would have to be corrupt) is that the assurance? Can you elaborate on the process used to create the genesis block and the handling of the master key. (Who are the people with the M K, the notaries?)

Thanks

Edit. Heres where my info came from
https://forum.z.cash/t/trusted-setup-phase/68/4

https://m.reddit.com/r/Monero/comments/3p31lj/wait_so_with_zerocash_you_have_to_trust_a_third/

the parameters have nothing to do with the genesis block.
there is no "master key", it only exists if all the parameter creators collude.
to avoid any such issues, we will just use the same parameters as zcash
the notaries have nothing to do with the zcash parameters