Mike Hearn [ARCHIVE] on Nostr: 📅 Original date posted:2014-06-16 📝 Original message:On Mon, Jun 16, 2014 at ...
📅 Original date posted:2014-06-16
📝 Original message:On Mon, Jun 16, 2014 at 10:29 PM, Daniel Rice <drice at greenmangosystems.com>
wrote:
> I'm trying to think through how to encourage the maximum number of instant
> signature providers and avoid the VISA monopoly. Ideal case would be that
> people can even be their own instant provider.
>
A provider does not have to be an interactive third party. One reason I
suggested using X.509 is so secure hardware devices like the TREZOR could
also be instant providers. The hardware would be tamperproof and assert
using a secret key embedded in it that the tx came from a genuine,
unflashed TREZOR. The the server can know the device won't double spend.
In this way you have decentralised anti-double spending. Of course, it's an
old solution. MintChip sort of worked a bit like this.
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Published at
2023-06-07 15:22:47Event JSON
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"content": "📅 Original date posted:2014-06-16\n📝 Original message:On Mon, Jun 16, 2014 at 10:29 PM, Daniel Rice \u003cdrice at greenmangosystems.com\u003e\nwrote:\n\n\u003e I'm trying to think through how to encourage the maximum number of instant\n\u003e signature providers and avoid the VISA monopoly. Ideal case would be that\n\u003e people can even be their own instant provider.\n\u003e\n\nA provider does not have to be an interactive third party. One reason I\nsuggested using X.509 is so secure hardware devices like the TREZOR could\nalso be instant providers. The hardware would be tamperproof and assert\nusing a secret key embedded in it that the tx came from a genuine,\nunflashed TREZOR. The the server can know the device won't double spend.\n\nIn this way you have decentralised anti-double spending. Of course, it's an\nold solution. MintChip sort of worked a bit like this.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140616/263c333e/attachment.html\u003e",
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