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Re: Less technical intro: Grin for bitcoiners


Oh, didn't know. Thank you very much John.

On Tue, Oct 17, 2017 at 4:05 PM, John Tromp <john.tromp@xxxxxxxxx> wrote:

> On Tue, Oct 17, 2017 at 9:42 AM, Alberto Garcia <agarciaillera@xxxxxxxxx>
> wrote:
> > That means that to account and prove ownership
> > of your money you should keep a set of private keys. Am I correct? If I
> am,
> > is there a way to simplify the user the "trouble" of having so many keys?
> Yes, your wallet will normally store your private keys, which should
> all be derivable from a master seed as in HD wallets.
> > - Second one is related with privacy. Since one of the main pillars of
> the
> > MimbleWimble concept is that users not involved in a transaction will not
> > know what is the amount transacted I find confusing the "Putting it
> > together" point
> > (https://github.com/ignopeverell/grin/blob/master/
> doc/intro.md#putting-it-all-together).
> > I say so since it affirms that a transaction includes the fee in clear.
> If
> > the fee value is (as it should be) in a directly proportional
> relationship
> > with the transacted amount
> No, the fee should be unrelated to the private transaction amount.
> Just as in bitcoin, it should depend on resource usage (number of
> inputs and number of outputs), and confirmation urgency.
> regards,
> -John

Alberto García Illera

GPG Public Key: https://goo.gl/twKUUv