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That's a very nice remark by someone who clearly have a deep understanding of the BTC ecosystem. (no sarcasm here, I totally agree that's what the ecosystem is
by hyh1048576 10y ago
That's a very nice remark by someone who clearly have a deep understanding of the BTC ecosystem.
(no sarcasm here, I totally agree that's what the ecosystem is like.)
> you can give someone the private key on a flash drive for goods, services, or an army.
But for this part, what if the one who gives out the private key moves the coins later? That's not a finalized transaction at all if both side have the private key.
- cloudjacker 10y agoYes that is a problem and it does involve trust. Conceptually It can be alleviated with having the coins in multisig address where a third party creates one of the signing keys and the original thief retained one, and ideally the second recipient also had a third signing key. Still have the problem of getting the third signing key generated in a way that required no trust, in advance