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Date: Sun, 28 Jun 2015 15:22:53 -0400
From: Andrew Lapp <lapp0@purdue.edu>
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Subject: Re: [bitcoin-dev] A Proposed Compromise to the Block Size Limit
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I don't mind a set of central authorities being part of an option IF the
central authority doesn't need to be trusted. On the blockchain, the
larger miner is, the more you have to trust them to not collude with
anyone to reverse your payments or destroy the trust in the system in
some attack. On the Lightning network, a large hub can't steal my money.
I think most people share the sentiment that trustlessness is what
matters and decentralization is just a synonym for trustlessness when
talking about the blockchain and mining, however decentralization isn't
necessarily synonymous with trustlessness nor is centralization
synonymous with trust-requiring when you're talking about something else.
-Andrew Lapp
On 06/28/2015 01:29 PM, Gavin Andresen wrote:
> I can see how payment channels would work between big financial
> institutions as a settlement layer, but isn't that exactly the
> centralization concern that is making a lot of people worried about
> increasing the max block size?
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