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Date: Sat, 8 Aug 2015 12:54:36 +0100
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From: Adam Back <adam@cypherspace.org>
To: Thomas Zander <thomas@thomaszander.se>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] trust
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On 8 August 2015 at 09:54, Thomas Zander <thomas@thomaszander.se> wrote:
> I didn't say off-chain, and gave an example of on-chain usecase with trusted middleman.

That's basically the definition of off-chain.  When we say MtGox or
coinbase etc are off-chain transactions, that is because a middle man
has the private keys to the coins and gave you an IOU of some kind.

Adam