bascule at gmail.com
Fri Aug 22 16:45:37 PDT 2014
On Fri, Aug 22, 2014 at 4:02 PM, Tao Effect <contact at taoeffect.com> wrote:
> Compounding this problem is the desire to prevent key compromise in
> Bitcoin-like systems via the use of multisignature trust and trusted third
> parties which sign-off on certain operations. This approach centralizes
> authority, in which case a consensus-based system like Ripple with trusted
> gateways could be used instead. If it were, it'd be much more efficient,
> and arguably have better security properties.
> I'd rather chance DPOS to address efficiency concerns
I'm mainly concerned with the key compromise problem here, and while I was
referencing Bitcoin, Namecoin is a much more interesting case, since names
are intangible assets, as opposed to a fungible commodity like Bitcoin
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