Ethereum has the best ideas in block chain tech. Execution, not so much.
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@NickSzabo4 either way more constructive: enhance bitcoin direct or via sidechain, than start yet-another-alt-coin. 2 today? viacoin/stellar
@adam3us What is the ETA on a peer-reviewed 2-way peg? On a working implementation?
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@NickSzabo4@adam3us The peer review is that the concept is insecure and encourages mining centralisation. ((merge)-mined version) -
@petertoddbtc@NickSzabo4 And the non merged-mined version? -
@socrates1024@NickSzabo4 Perfectly good idea, I proposed a version of it myself last year. Can be done with multisig right now. -
@petertoddbtc@socrates1024@NickSzabo4 how with multisig? -
@nikete@socrates1024@NickSzabo4 Trusted third party releases funds on demand. w/ scripting improvements that can be dine automatically. -
@petertoddbtc@nikete@socrates1024 Trusted third party = security hole (Mt. Gox) or large traditional bureaucracy (bank). Choose poison.
End of conversation
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