1 2017-02-16 09:52:58 <dionyziz> In Poelstra's [Mimblewimble](https://download.wpsoftware.net/bitcoin/wizardry/mimblewimble.pdf) in line 10 it says "(absent theft or illegal inflation)". I understand how theft cannot be checked posthumously, but can't illegal inflation be checked by full nodes entering the system? In principle they could verify that the coinbase schedule is observed.
 2 2017-02-16 10:52:56 <stevenroose> dionyziz, inflation in that context should definitely be increase in money supply
 3 2017-02-16 12:02:41 <Yoghur114> dionyziz: no; monetary inflation could(/would) be hidden in fees, so for a node to observe a valid coinbase schedule, it must validate all transactions
 4 2017-02-16 14:11:07 <instagibbs> the key missing part is the intermediate rangeproofs which are dropped, so there may have been temporary inflation then deflation
 5 2017-02-16 14:19:27 <Diablo-D3> I have absolutely no clue what you said
 6 2017-02-16 14:19:36 <Diablo-D3> but I think it'd make a great research paper
 7 2017-02-16 19:29:08 <abpa> Is it good practice to set the locktime to the current height on transactions?
 8 2017-02-16 19:35:13 <instagibbs> abpa, the next blockheight
 9 2017-02-16 19:35:22 <instagibbs> since obviously it can't go in current block
10 2017-02-16 19:35:24 <abpa> instagibbs thanks
11 2017-02-16 19:35:31 <instagibbs> check out how core's node does it
12 2017-02-16 19:35:34 <instagibbs> wallet*
13 2017-02-16 19:36:06 <abpa> That is to avoid reorganization issues?
14 2017-02-16 19:36:14 <abpa> Or just for the health of the fee system?
15 2017-02-16 19:36:17 <instagibbs> incentivize the chain to move forward
16 2017-02-16 19:36:27 <abpa> OK yep, I thought it was something like that
17 2017-02-16 19:36:41 <instagibbs> https://github.com/bitcoin/bitcoin/blob/master/src/wallet/wallet.cpp#L2393
18 2017-02-16 19:36:43 <instagibbs> read from there
19 2017-02-16 19:37:20 <instagibbs> 1 out of every 10 times it randomly makes it Rand(100) blocks behind current to give air cover for delayed transactions like mixers etc
20 2017-02-16 19:38:11 <abpa> Cool