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+From: Peter Todd <pete@petertodd.org>

+Date: Thu, 10 Apr 2014 07:52:34 -0400

+To: Mike Hearn <mike@plan99.net>

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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>,

+ jason bitcoinica <genjix@riseup.net>

+Subject: Re: [Bitcoin-development] Bitcoind-in-background mode for SPV

+ wallets

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+

+-----BEGIN PGP SIGNED MESSAGE-----

+Hash: SHA512

+

+

+

+On 10 April 2014 07:45:16 GMT-04:00, Mike Hearn <mike@plan99.net> wrote:

+>>

+>> Oh yeah, credit goes to Mike Hearn for the payment channels, and if

+>I'm

+>> correct, for the hub concept as well.

+>>

+>

+>Actually, the design is from Satoshi and Matt did most of the

+>implementation work last year during a Google internship.

+

+Ah right, of course. Along those lines we should credit Jeremy Spilman (?) for figuring out how to get rid of the dependency on nSequence, makimg the protocol trust-free.

+

+I do recall it having an issue with malleability, semi-fixed with the P2SH trick. Be good to clear that up for good for Pieter's proposed malleability patch.

+

+>Though I

+>ended up

+>doing a lot of work on it too. We actually got pretty far: there was

+>Android UI for it and a couple of apps we coded up. I wish we could

+>have

+>pushed it over the finishing line and got real world usage. Hopefully

+>we

+>can return to it someday soon.

+>

+>I think the hub/spoke concept was invented by goldsmiths in 16th

+>century

+>Italy, as they started handing pieces of paper across their benches, or

+>*bancos* in Italian :-)

+

+...and only took another five hundred years for math to catch up and make it trust free, modulo miner centralisation!

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