đ
Original date posted:2015-02-12
đ Original message:>
> Are you not counting collateralized multisignature notaries? Its an
> extended version of the Greenaddress.it model.
>
It makes unconfirmed transactions useless in the classical Bitcoin model.
Obviously if you introduce a trusted third party you can fix things, but
then you're back to having the disadvantages of centralised trust.
If unconfirmed payments become flaky enough that people stop using them,
then a portion of the Bitcoin community will find workarounds like trusted
third parties, trusted hardware, whatever and will just struggle one. Other
people will look at the new tradeoffs/complexity, and decide that Bitcoin
is no longer better for them than banks.
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Mike Hearn [ARCHIVE] /
npub17tâŚ4qgyd
2023-06-07 15:30:08
in reply to nevent1qâŚzd0l
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydPublished at
2023-06-07 15:30:08Event JSON
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Original date posted:2015-02-12\nđ Original message:\u003e\n\u003e Are you not counting collateralized multisignature notaries? Its an\n\u003e extended version of the Greenaddress.it model.\n\u003e\nIt makes unconfirmed transactions useless in the classical Bitcoin model.\nObviously if you introduce a trusted third party you can fix things, but\nthen you're back to having the disadvantages of centralised trust.\n\nIf unconfirmed payments become flaky enough that people stop using them,\nthen a portion of the Bitcoin community will find workarounds like trusted\nthird parties, trusted hardware, whatever and will just struggle one. Other\npeople will look at the new tradeoffs/complexity, and decide that Bitcoin\nis no longer better for them than banks.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150212/7f2331b5/attachment.html\u003e",
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