Trusted third parties are security holes. Whether the strangers in question are or are portrayed as "good guys" or "bad guys" does not make much difference, they are still security risks.https://twitter.com/davidzmorris/status/1100483999795949570 …
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But we can voluntarily opt-out from Coinbase. How do you opt-out from Statism?
There is no such thing as trustless, only trust minimization when and where it becomes possible.
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Would you say a project such as
@Chainlink could help with minimizing trust through its decentralized oracle system? -
* "centralization minimized" oracle system
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Yeah
@NickSzabo4, I’m not sure if we’ve seen you comment on$LINK... Care to share your take on the decentralized Oracle problem, and specifically Chainlink? -
Jokes about “minimized centralization” aside, a decentralized oracle system with security & reliability comparable to Bitcoin is not only possible, but inevitable w/ Chainlink. Imagine Chainlink ~10 years post mainnet, w/ Bitcoin steaming full speed into it’s 3rd decade.
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We’re so early guys.
$LINK#WhenMainnet
End of conversation
New conversation -
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Which is precisely why 'trustless' is a perfectly fine word. We also summarize places like Singapore as 'crime-free' even though to be 100% correct we need about ten pages of qualifiers.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is why I’m a minarchist.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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