📅 Original date posted:2015-06-28
📝 Original message:I don't mind a set of central authorities being part of an option IF the
central authority doesn't need to be trusted. On the blockchain, the
larger miner is, the more you have to trust them to not collude with
anyone to reverse your payments or destroy the trust in the system in
some attack. On the Lightning network, a large hub can't steal my money.
I think most people share the sentiment that trustlessness is what
matters and decentralization is just a synonym for trustlessness when
talking about the blockchain and mining, however decentralization isn't
necessarily synonymous with trustlessness nor is centralization
synonymous with trust-requiring when you're talking about something else.
-Andrew Lapp
On 06/28/2015 01:29 PM, Gavin Andresen wrote:
> I can see how payment channels would work between big financial
> institutions as a settlement layer, but isn't that exactly the
> centralization concern that is making a lot of people worried about
> increasing the max block size?
Andrew Lapp [ARCHIVE] /
npub1e5…uc2yw
2023-06-07 15:41:00
in reply to nevent1q…z5tx
Author Public Key
npub1e5chytzuvgung0mw5ct9m0z5t8u5s9pvf8rr2cd3sxqk4fvgy5zq4uc2ywSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:41:00Event JSON
{
"id": "8e4b76f2fd877a36d14af970015af03f7271b77acf30eec8130faceef23d9a04",
"pubkey": "cd31722c5c6239343f6ea6165dbc5459f948142c49c63561b181816aa5882504",
"created_at": 1686152460,
"kind": 1,
"tags": [
[
"e",
"302bda6b5cc3b22bc31708bc8101794c3e35655f608a2a34ebc62e92bc3dada4",
"",
"root"
],
[
"e",
"2db5a2d6f9ee93c498e43c27d41d9abcfbf351e76ddb7c89ad2b8f2ae494b41e",
"",
"reply"
],
[
"p",
"498a711971f8a0194289aee037a4c481a99e731b5151724064973cc0e0b27c84"
]
],
"content": "📅 Original date posted:2015-06-28\n📝 Original message:I don't mind a set of central authorities being part of an option IF the \ncentral authority doesn't need to be trusted. On the blockchain, the \nlarger miner is, the more you have to trust them to not collude with \nanyone to reverse your payments or destroy the trust in the system in \nsome attack. On the Lightning network, a large hub can't steal my money.\n\nI think most people share the sentiment that trustlessness is what \nmatters and decentralization is just a synonym for trustlessness when \ntalking about the blockchain and mining, however decentralization isn't \nnecessarily synonymous with trustlessness nor is centralization \nsynonymous with trust-requiring when you're talking about something else.\n\n-Andrew Lapp\n\nOn 06/28/2015 01:29 PM, Gavin Andresen wrote:\n\u003e I can see how payment channels would work between big financial \n\u003e institutions as a settlement layer, but isn't that exactly the \n\u003e centralization concern that is making a lot of people worried about \n\u003e increasing the max block size?",
"sig": "0437dc24f997ba25b434fa79594c26e7f3f86a0c98ee9ceb94ec47260b26bf5c24aafbb6aaf72025f0b00004391829b156306a616fda4f04c1daf65282f2f53d"
}