3 ms·
The blockchain servers are what I'd call future banks. Hopefully in the future they would create 'unused output trees' periodically that clients would download
by pixie_ 14y ago
The blockchain servers are what I'd call future banks. Hopefully in the future they would create 'unused output trees' periodically that clients would download and verify the validity by asking multiple independent banks.
- shtylman 14y agoI don't really think of them as banks since they don't have access to your private keys (and thus your coins).
- pixie_ 14y agoA bank to me is a trusted institution that facilitates financial transactions. Having your private key would not be a requirement for a bitcoin bank.
- shtylman 14y agoI was going by the actual definition of a bank. Things like swipe facilitate transactions but are not banks. Facilitating a transaction does not make it a bank.