Fine point.

So where is the solution? What to do?

Prabhat Kumar Singh

Prabhat Kumar Singh


On Thu, Aug 27, 2015 at 6:58 PM, Gavin Andresen <gavinandresen@gmail.com> wrote:
Have you talked with anybody at the Bitcoin Foundation about this proposal?

As Chief Scientist of the Foundation, I am strongly opposed to any proposal that puts the Foundation in a position of centralized authority, so this is unacceptable: "The Bitcoin Foundation will act as fair play party and enforcement body to control the misuse of vast financial powers which bitcoin has."

The idea that a central organization can be trusted to keep secrets secure is just fundamentally wrong. In the very recent past we have seen government organizations fail in that task (the NSA, the OPM) and we see commercial organizations that SHOULD be highly motivated to do a good job also fail (e.g. the Ashley Madison leak).

Even if it were technically possible, I would be opposed because decentralization is a bedrock principle of Bitcoin.

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Gavin Andresen