3 ms·

Cuter, yes, but probably not measurably better from a security perspective, unless your threat model includes adversaries who can change the internal records of

Cuter, yes, but probably not measurably better from a security perspective, unless your threat model includes adversaries who can change the internal records of two separate banks. The advantage of using bank transfers is it is much easier to explain to a judge/jury. Bitcoin is public and automatable, so it could be better for some applications where courts aren't involved -- but where would you need to categorically prove priority but not have a court at least potentially involved?

eof 13y ago
> The advantage of using bank transfers is it is much easier to explain to a judge/jury. This seems like a really weak argument.. There are all types of things judges don't understand outright but can be made to be understood. The chance of a priority being granted to a hash embedded to a bank transfer and not a block-chain embedded one is essentially zero (all things being equal). Since it is both cheaper and more robust, a super-secure blockchain like bitcoin is clearly superior to a bank transfer.