Bitcoin requires collusion of chip power to defeat. Much older & more widely used protocols to require conspiracy: http://szabo.best.vwh.net/separationofduties.html …
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Replying to @NickSzabo4
1/ Another xmpl of segregation of duties: a stock trade is handled by 4 separate organizations: broker, exchange, clearinghouse, custodian.
3 replies 6 retweets 9 likes
2/ Compare & contrast how math does it for Bitcoin & how the pros do it for stocks vs. Mt. Gox et. al. http://szabo.best.vwh.net/ttps.html
1:58 PM - 20 Oct 2014
0 replies
7 retweets
7 likes
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