From: Daniel Rice <drice@greenmangosystems•com>
To: Mike Hearn <mike@plan99•net>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>,
Lawrence Nahum <lawrence@greenaddress•it>
Subject: Re: [Bitcoin-development] instant confirmation via payment protocol backwards compatible proto buffer extension
Date: Mon, 16 Jun 2014 13:53:09 -0700 [thread overview]
Message-ID: <CAFDyEXhh=1uX+hrio5dbu8vchDc4pSOrW-PLWq8dHgF4tD4vHA@mail.gmail.com> (raw)
In-Reply-To: <CANEZrP3P-EzS22QCSLuY8u42pZG7yTPNjoa4prQaSZzEjbxESg@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 1471 bytes --]
The trust can be more automated in this case than it can with CAs. The
difference is that when a CA does something it shouldn't, like generates an
extra cert for a government to use in spoofing a site, nobody knows about
it, unless they mess up. Double spends on the network can be monitored and
stored for history. Merchants can and will share information on instant
provider trust with eachother, so they will essentially be able to build up
a credit history on a given instant provider without really knowing who
they are.
On Mon, Jun 16, 2014 at 1:46 PM, Mike Hearn <mike@plan99•net> wrote:
> On Mon, Jun 16, 2014 at 10:37 PM, Daniel Rice <drice@greenmangosystems•com
> > wrote:
>
>> True, that would work, but still how are you going to bootstrap the
>> trust? TREZOR is well known, but in a future where there could be 100
>> different companies trying to release a similar product to TREZOR it seems
>> like one company could corner the market by being the only one that is an
>> accepted instant provider at most vendors
>>
>
> It's no different to the CA problem. People can only mentally handle a few
> trust anchors, so for SSL it goes:
>
> 1 User -> 2-3 browser makers -> 100's of CAs -> millions of websites
>
> The trust starts out narrowly funnelled and grows outwards as things get
> outsourced.
>
> For this it'd go
>
> 1 merchant -> 4-5 payment processing engines -> dozens of hardware
> manufacturers -> hundreds of thousands of devices
>
>
>
[-- Attachment #2: Type: text/html, Size: 2257 bytes --]
next prev parent reply other threads:[~2014-06-16 20:53 UTC|newest]
Thread overview: 46+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-06-14 12:00 Lawrence Nahum
2014-06-14 12:57 ` Andreas Schildbach
2014-06-15 9:22 ` Lawrence Nahum
2014-06-15 12:46 ` Andreas Schildbach
2014-06-15 14:09 ` Lawrence Nahum
2014-06-18 12:09 ` Lawrence Nahum
2014-06-18 13:25 ` Mike Hearn
2014-06-18 15:59 ` Daniel Rice
2014-06-18 16:09 ` Mike Hearn
2014-06-19 17:36 ` Daniel Rice
2014-06-25 14:01 ` sebastien requiem
2014-06-16 12:19 ` Mike Hearn
2014-06-16 12:25 ` Mike Hearn
2014-06-16 15:09 ` Daniel Rice
2014-06-16 15:26 ` Lawrence Nahum
2014-06-16 16:00 ` Daniel Rice
2014-06-16 16:07 ` Mike Hearn
2014-06-16 15:41 ` Paul Goldstein
2014-06-16 15:48 ` Mike Hearn
2014-06-16 16:30 ` Lawrence Nahum
2014-06-16 16:45 ` Mike Hearn
2014-06-16 16:56 ` Lawrence Nahum
2014-06-16 17:01 ` Mike Hearn
2014-06-16 17:16 ` Lawrence Nahum
2014-06-16 18:02 ` Alex Kotenko
2014-06-16 18:09 ` Mike Hearn
2014-06-16 20:29 ` Daniel Rice
2014-06-16 20:32 ` Mike Hearn
2014-06-16 20:37 ` Daniel Rice
2014-06-16 20:46 ` Mike Hearn
2014-06-16 20:53 ` Daniel Rice [this message]
2014-06-16 20:55 ` Mike Hearn
2014-06-16 20:50 ` [Bitcoin-development] Fidelity bonds for decentralized instant confirmation guarantees Peter Todd
2014-06-16 21:02 ` [Bitcoin-development] instant confirmation via payment protocol backwards compatible proto buffer extension Daniel Rice
2014-06-16 20:32 ` Alex Kotenko
2014-06-16 17:44 ` Jorge Timón
2014-06-17 15:58 ` Isidor Zeuner
2014-06-18 1:39 ` Tom Harding
2014-06-17 15:58 ` Isidor Zeuner
2014-06-18 9:15 ` Mike Hearn
2014-06-18 20:47 ` Natanael
2014-06-18 2:01 ` Tom Harding
2014-06-16 15:28 ` Lawrence Nahum
2014-06-16 15:43 ` Mike Hearn
2014-06-16 17:05 ` Lawrence Nahum
2014-06-16 8:53 Daniel Rice
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to='CAFDyEXhh=1uX+hrio5dbu8vchDc4pSOrW-PLWq8dHgF4tD4vHA@mail.gmail.com' \
--to=drice@greenmangosystems$(echo .)com \
--cc=bitcoin-development@lists$(echo .)sourceforge.net \
--cc=lawrence@greenaddress$(echo .)it \
--cc=mike@plan99$(echo .)net \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox