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chris-belcher / rust-bitcoin-play.rs
Created April 22, 2021 15:56
rust bitcoin play teleport coinswap
View rust-bitcoin-play.rs
// 22/4/2021
// random various unrelated functions coded to help me figure out how to use rust-bitcoin
// should be useful for figuring out why certain things in teleport are coded the way they are
extern crate bitcoincore_rpc;
use bitcoincore_rpc::{Client, Error, RpcApi, Auth};
extern crate bitcoin_wallet;
use bitcoin_wallet::account::{
MasterAccount, Unlocker, Account, AccountAddressType
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chris-belcher / coinswap-design.md
Last active May 16, 2023 17:45
Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility
View coinswap-design.md

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility

25/5/2020

Abstract

Imagine a future where a user Alice has bitcoins and wants to send them with maximal privacy, so she creates a special kind of transaction. For anyone looking at the blockchain her transaction appears completely normal with her coins seemingly going from address A to address B. But in reality her coins end up in address Z which is entirely unconnected to either A or B.

Now imagine another user, Carol, who isn't too bothered by privacy and sends her bitcoin using a regular wallet which exists today. But because Carol's transaction looks exactly the same as Alice's, anybody analyzing the blockchain must now deal with the possibility that Carol's transaction actually sent her coins to a totally unconnected address. So Carol's privacy is improved even though she didn't change her behaviour, and perhaps had never even heard of this software.

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chris-belcher / work-diary.md
Last active August 14, 2023 21:37
Chris Belcher work diary
View work-diary.md
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chris-belcher / design-for-improving-joinmarkets-resistance-to-sybil-attacks-using-fidelity-bonds.md
Last active December 4, 2021 08:30
Design for improving JoinMarket's resistance to sybil attacks using fidelity bonds
View design-for-improving-joinmarkets-resistance-to-sybil-attacks-using-fidelity-bonds.md

Design for improving JoinMarket's resistance to sybil attacks using fidelity bonds

13/7/2019

tl;dr

JoinMarket can be sybil attacked today at relatively low cost which can destroy its privacy. Bitcoins can be sacrificed with burner outputs and time-locked addresses (also called fidelity bonds), and this can be used to greatly improve JoinMarket's resistance to sybil attacks.

With real-world data and realistic assumptions we calculate that under such a fidelity bond system an adversary would need to lock up 30,000-80,000 bitcoins for months, or send 45-120 bitcoins to burner addresses to have a good chance of sybil attacking the system if it were added to JoinMarket.

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chris-belcher / sybil-attack-success-prob.py
Created July 13, 2019 15:29
Sybil attack success probability
View sybil-attack-success-prob.py
#! /usr/bin/python3
##this file calculates the success probability of a sybil attack on the
# orderbook with fidelity bonds used in joinmarket
# see https://gist.github.com/chris-belcher/87ebbcbb639686057a389acb9ab3e25b
from scipy.optimize import brentq
from time import time
from datetime import timedelta
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chris-belcher / financial-mathematics-of-joinmarket-fidelity-bonds.md
Last active June 2, 2022 22:11
Financial mathematics of joinmarket fidelity bonds
View financial-mathematics-of-joinmarket-fidelity-bonds.md
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chris-belcher / miner-resistant-lightweight-wallets.md
Last active April 21, 2021 02:37
DSPV Security - Miner-resistant design of lightweight bitcoin wallets
View miner-resistant-lightweight-wallets.md
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chris-belcher / improvement-plan-for-joinmarket-tumbler.md
Last active May 26, 2020 19:15
Plan to improve the privacy of JoinMarket's tumbler script
View improvement-plan-for-joinmarket-tumbler.md

Plan to improve the privacy of JoinMarket's tumbler script

24/02/2019

JoinMarket has a tumbler application which aims to send bitcoins in a way that delinks the origin and destination.

I have some thoughts on how and why to improve the tumbler algorithm.

Feel free to bikeshed some of these parameters (averages, counts, etc), as my important points are about other stuff.

@chris-belcher
chris-belcher / joinmarket-with-off-chain-fees.md
Last active May 26, 2020 19:15
JoinMarket with off-chain fees
View joinmarket-with-off-chain-fees.md