Author: Mike Hearn 2012-10-10 11:19:00
Published on: 2012-10-10T11:19:00+00:00
The conversation revolves around Electrum, a Bitcoin wallet and Thomas, the creator of the wallet. The discussion is mostly about the merchant daemon in Electrum and how it can benefit merchants. The conversation also touches upon deterministic wallets and how it's currently a competitive advantage for Electrum. The potential risk of using thin clients is also discussed, where a lying server can make clients think they've received confirmed payments they haven't. The unauthenticated cleartext JSON protocol between the clients and servers is also mentioned. The difficulty in communicating transaction confidence to users is acknowledged, especially given the lack of reported double-spends against unconfirmed transactions. It is suggested that bitcoin.org should have clear explanations and appropriate caution for clients and security models, and a stronger voice to address such issues.
Updated on: 2023-06-06T07:45:35.882340+00:00