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authorDaniel Rice <drice@greenmangosystems.com>2014-06-16 13:29:54 -0700
committerbitcoindev <bitcoindev@gnusha.org>2014-06-16 20:30:03 +0000
commit955b6eba82c1740eb8cd8995b357e846d837ee4c (patch)
tree234d6392146d48f247557a66c291b8acd6013f89
parentcdecd2202dcbc9d0e213b7a3a8b80cdbd6bead0b (diff)
downloadpi-bitcoindev-955b6eba82c1740eb8cd8995b357e846d837ee4c.tar.gz
pi-bitcoindev-955b6eba82c1740eb8cd8995b357e846d837ee4c.zip
Re: [Bitcoin-development] instant confirmation via payment protocol backwards compatible proto buffer extension
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+Date: Mon, 16 Jun 2014 13:29:54 -0700
+Message-ID: <CAFDyEXg8OnoYCNLT1WeX2tBPTB_zcXsZ6ujP_8YmPvGyf4pzkw@mail.gmail.com>
+From: Daniel Rice <drice@greenmangosystems.com>
+To: Mike Hearn <mike@plan99.net>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>,
+ Lawrence Nahum <lawrence@greenaddress.it>
+Subject: Re: [Bitcoin-development] instant confirmation via payment protocol
+ backwards compatible proto buffer extension
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+--047d7bdc1a9cd34a9004fbf9e33a
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+
+I'm trying to think through how to encourage the maximum number of instant
+signature providers and avoid the VISA monopoly. Ideal case would be that
+people can even be their own instant provider.
+
+What if the protocol allowed multiple instant signatures on a transaction?
+Would it encourage more instant providers? For example, a new instant
+provider could bootstrap their own trust by paying an already trusted
+instant provider to co-sign the same transaction. This would be useful in
+the case that a new company tries to release a new wallet once the trust
+ring is already established. Nobody will use that wallet because it does
+not have the trusted history to do instant transactions, but if they can
+pay a small amount per transaction to a third party to cosign, they can
+build trust in their own signature till they can eventually have enough
+trust on their own. This could be how an individual user could grow trust
+in their own instant signature as well.
+
+
+On Mon, Jun 16, 2014 at 11:09 AM, Mike Hearn <mike@plan99.net> wrote:
+
+> I think many of us feel it'd be better if this kind of thing were not
+> needed at all, however, the best way to ensure it doesn't end up being used
+> is to write code, not to try and block alternative approaches. If Bitcoin
+> is robust the market should sort it out. If it's robust for some
+> transactions and not others, that makes for a fun project for a future
+> generation of hackers to sort out.
+>
+> OK, enough philosophy - let's try and keep this thread just for discussion
+> of the BIP itself from now on. If you'd like to continue debating the
+> Future of Bitcoin please change the subject line and break it out into a
+> new thread.
+>
+>
+> ------------------------------------------------------------------------------
+> HPCC Systems Open Source Big Data Platform from LexisNexis Risk Solutions
+> Find What Matters Most in Your Big Data with HPCC Systems
+> Open Source. Fast. Scalable. Simple. Ideal for Dirty Data.
+> Leverages Graph Analysis for Fast Processing & Easy Data Exploration
+> http://p.sf.net/sfu/hpccsystems
+> _______________________________________________
+> Bitcoin-development mailing list
+> Bitcoin-development@lists.sourceforge.net
+> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+>
+>
+
+--047d7bdc1a9cd34a9004fbf9e33a
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div>I&#39;m trying to think through how to encourage the =
+maximum number of instant signature providers and avoid the VISA monopoly. =
+Ideal case would be that people can even be their own instant provider.</di=
+v>
+<div><br></div>What if the protocol allowed multiple instant signatures on =
+a transaction? Would it encourage more instant providers? For example, a ne=
+w instant provider could bootstrap their own trust by paying an already tru=
+sted instant provider to co-sign the same transaction. This would be useful=
+ in the case that a new company tries to release a new wallet once the trus=
+t ring is already established. Nobody will use that wallet because it does =
+not have the trusted history to do instant transactions, but if they can pa=
+y a small amount per transaction to a third party to cosign, they can build=
+ trust in their own signature till they can eventually have enough trust on=
+ their own. This could be how an individual user could grow trust in their =
+own instant signature as well.</div>
+<div class=3D"gmail_extra"><br><br><div class=3D"gmail_quote">On Mon, Jun 1=
+6, 2014 at 11:09 AM, Mike Hearn <span dir=3D"ltr">&lt;<a href=3D"mailto:mik=
+e@plan99.net" target=3D"_blank">mike@plan99.net</a>&gt;</span> wrote:<br><b=
+lockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px =
+#ccc solid;padding-left:1ex">
+<div dir=3D"ltr"><div>I think many of us feel it&#39;d be better if this ki=
+nd of thing were not needed at all, however, the best way to ensure it does=
+n&#39;t end up being used is to write code, not to try and block alternativ=
+e approaches. If Bitcoin is robust the market should sort it out. If it&#39=
+;s robust for some transactions and not others, that makes for a fun projec=
+t for a future generation of hackers to sort out.</div>
+
+<div class=3D"gmail_extra"><br>OK, enough philosophy - let&#39;s try and ke=
+ep this thread just for discussion of the BIP itself from now on. If you&#3=
+9;d like to continue debating the Future of Bitcoin please change the subje=
+ct line and break it out into a new thread.<br>
+
+</div></div>
+<br>-----------------------------------------------------------------------=
+-------<br>
+HPCC Systems Open Source Big Data Platform from LexisNexis Risk Solutions<b=
+r>
+Find What Matters Most in Your Big Data with HPCC Systems<br>
+Open Source. Fast. Scalable. Simple. Ideal for Dirty Data.<br>
+Leverages Graph Analysis for Fast Processing &amp; Easy Data Exploration<br=
+>
+<a href=3D"http://p.sf.net/sfu/hpccsystems" target=3D"_blank">http://p.sf.n=
+et/sfu/hpccsystems</a><br>_______________________________________________<b=
+r>
+Bitcoin-development mailing list<br>
+<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
+pment@lists.sourceforge.net</a><br>
+<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
+" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
+velopment</a><br>
+<br></blockquote></div><br></div>
+
+--047d7bdc1a9cd34a9004fbf9e33a--
+
+