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Date: Sun, 28 Jun 2015 21:40:20 +0200
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From: Benjamin <benjamin.l.cordes@gmail.com>
To: 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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--e89a8ff25464b943b205199924d1
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"On the Lightning network, a large hub can't steal my money." Malicious
hubs could flood the network. The way it is discussed now it's not
resistant to Sybil attack either. It's an interesting idea in a very early
stage. Not at all a drop-in replacement for Bitcoin anytime soon, as some
imply. Blockstream shouldn't make these issues into pitches of their own
tech of their for-profit enterprise.
On Sun, Jun 28, 2015 at 9:22 PM, Andrew Lapp <lapp0@purdue.edu> wrote:
> 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?
>>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
--e89a8ff25464b943b205199924d1
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Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><span style=3D"font-size:12.8000001907349px">"On the =
Lightning network, a large hub can't steal my money." Malicious hu=
bs could flood the network. The way it is discussed now it's not resist=
ant to Sybil attack either. It's an interesting idea in a very early st=
age. Not at all a drop-in replacement for Bitcoin anytime soon, as some imp=
ly. Blockstream shouldn't make these issues into pitches of their own t=
ech of their for-profit enterprise.</span><br></div><div class=3D"gmail_ext=
ra"><br><div class=3D"gmail_quote">On Sun, Jun 28, 2015 at 9:22 PM, Andrew =
Lapp <span dir=3D"ltr"><<a href=3D"mailto:lapp0@purdue.edu" target=3D"_b=
lank">lapp0@purdue.edu</a>></span> wrote:<br><blockquote class=3D"gmail_=
quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1=
ex">I don't mind a set of central authorities being part of an option I=
F 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 an=
yone to reverse your payments or destroy the trust in the system in some at=
tack. On the Lightning network, a large hub can't steal my money.<br>
<br>
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-r=
equiring when you're talking about something else.<span class=3D"HOEnZb=
"><font color=3D"#888888"><br>
<br>
-Andrew Lapp</font></span><span class=3D"im HOEnZb"><br>
<br>
On 06/28/2015 01:29 PM, Gavin Andresen wrote:<br>
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
x #ccc solid;padding-left:1ex">
I can see how payment channels would work between big financial institution=
s as a settlement layer, but isn't that exactly the centralization conc=
ern that is making a lot of people worried about increasing the max block s=
ize?<br>
</blockquote>
<br></span><div class=3D"HOEnZb"><div class=3D"h5">
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">=
bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
man/listinfo/bitcoin-dev</a><br>
</div></div></blockquote></div><br></div>
--e89a8ff25464b943b205199924d1--
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