Author: Thomas Zander 2015-08-08 08:54:51
Published on: 2015-08-08T08:54:51+00:00
In this email conversation, Adam Back and Thomas Zander discuss the topic of trust in Bitcoin. Back clarifies that off-chain use of Bitcoin with trusted middlemen is not what he meant previously. He agrees that some people are fine with trusting others for off-chain use cases, but it should not weaken Bitcoin's security. In a world where scale and decentralization are possible, providing more security than people want would be useful, as sometimes people only understand the importance of security after something goes wrong. Lightning-like protocols may provide security at scale.
Updated on: 2023-06-10T18:54:21.703056+00:00