Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: Rosewater Foundation on July 16, 2018, 04:50:08 PM

Why Schnorr signatures will help solve 2 of Bitcoins biggest problems today

So when trying to research this I came across this vid and I just cannot follow him with the combination of his accent and the difficulty of the material he's presenting.

https://www.youtube.com/watch?v=oTsjMz3DaLshttps://www.youtube.com/watch?v=oTsjMz3DaLs

So I tried to find a primer and ran into this

https://www.youtube.com/watch?v=oTsjMz3DaLshttps://www.youtube.com/watch?v=oTsjMz3DaLs

And this is where I gave up! Cheesy

I did find a few posts that gave an ELI5 on the subject so I have a pretty good idea of the reasoning and the benefits but I'd really like to see a more nuts and bolts explanation that I can follow, does anyone have a better link to a Vid for this subject for the non professional mathematician?

Quote from: strawbs on July 16, 2018, 04:50:27 PM

Quote from: abercrombie on July 16, 2018, 03:08:10 PM

CNBC's explanation for the bounce

https://www.cnbc.com/2018/07/16/bitcoin-jumps-after-report-says-blackrock-exploring-cryptocurrencies.html

"The price of bitcoin surged Monday after a report said that BlackRock has set up a working group to explore ways of taking advantage of the cryptocurrency market.....The worlds most valuable virtual currency by market value jumped more than 4 percent."

Someone needs to tell CNBC that 4% is not a surge in bitcoinland, but a common daily fluctuation.

LOL, RITE! 4% is not even a fart in this wind!

Quote from: bitserve on July 16, 2018, 05:26:05 PM

Quote from: jbreher on July 16, 2018, 05:15:02 PM

Quote from: HairyMaclairy on July 16, 2018, 11:18:21 AM

Looking forward to some quality Schnorr FUD from Jbear and crew.

I don't know why you'd think that. I don't believe I have previously espoused an opinion on Schnorr sigs.

You basically said Schnorr signatures would do nothing to alleviate the scaling issue. That would qualify as an opinion.

P.S.: Here it is: https://bitcointalk.org/index.php?topic=178336.msg22571868#msg22571868

It would have a massive impact on the multisig transactions if what I read was correct as well as cutting down on the multisig spam(although I am not up on how big a problem that currently is).

Quote from: Wekkel on July 16, 2018, 05:35:18 PM

25-30% efficiency improvement from Schnorr is not 'nothing', but also not earth shaking.

That is only multisig though correct?