📅 Original date posted:2014-06-16
📝 Original message:On Mon, Jun 16, 2014 at 10:37 PM, Daniel Rice <drice at greenmangosystems.com>
wrote:
> True, that would work, but still how are you going to bootstrap the trust?
> TREZOR is well known, but in a future where there could be 100 different
> companies trying to release a similar product to TREZOR it seems like one
> company could corner the market by being the only one that is an accepted
> instant provider at most vendors
>
It's no different to the CA problem. People can only mentally handle a few
trust anchors, so for SSL it goes:
1 User -> 2-3 browser makers -> 100's of CAs -> millions of websites
The trust starts out narrowly funnelled and grows outwards as things get
outsourced.
For this it'd go
1 merchant -> 4-5 payment processing engines -> dozens of hardware
manufacturers -> hundreds of thousands of devices
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Mike Hearn [ARCHIVE] /
npub17t…4qgyd
2023-06-07 15:22:48
in reply to nevent1q…knk6
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydPublished at
2023-06-07 15:22:48Event JSON
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"content": "📅 Original date posted:2014-06-16\n📝 Original message:On Mon, Jun 16, 2014 at 10:37 PM, Daniel Rice \u003cdrice at greenmangosystems.com\u003e\nwrote:\n\n\u003e True, that would work, but still how are you going to bootstrap the trust?\n\u003e TREZOR is well known, but in a future where there could be 100 different\n\u003e companies trying to release a similar product to TREZOR it seems like one\n\u003e company could corner the market by being the only one that is an accepted\n\u003e instant provider at most vendors\n\u003e\n\nIt's no different to the CA problem. People can only mentally handle a few\ntrust anchors, so for SSL it goes:\n\n 1 User -\u003e 2-3 browser makers -\u003e 100's of CAs -\u003e millions of websites\n\nThe trust starts out narrowly funnelled and grows outwards as things get\noutsourced.\n\nFor this it'd go\n\n 1 merchant -\u003e 4-5 payment processing engines -\u003e dozens of hardware\nmanufacturers -\u003e hundreds of thousands of devices\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140616/ec9d9509/attachment.html\u003e",
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