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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>
Message-ID: <912b67d0-ce36-43d1-92f9-c0d74344190f@email.android.com>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>,
	jason bitcoinica <genjix@riseup.net>
Subject: Re: [Bitcoin-development] Bitcoind-in-background mode for SPV
	wallets
Precedence: list

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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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