@NickSzabo4 curious as to your opinion on TTP's taking over the bitcoin ecosystem as of late.
Trusted third parties are security holes http://szabo.best.vwh.net/ttps.html
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@Dave_Aiello Dont' trust your bitcoin to web sites that treat it as if it was play money. Demand financial controls & audits.
End of conversation
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@NickSzabo4 but is full decentralization possible? Will there always be the threat of goxxing from exchanges and gateways?
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@NickSzabo4 Do you believe the economic usefulness of trusted third parties will ever go away completely? -
@mmeijeri There can never be complete trust minimization, but there is a vast amount of progress yet to be made in that direction. -
@NickSzabo4 I suspect we'll see a lot of value-added 3rd party trusted services on top of a trustless base.
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@Pierre_Rochard@NickSzabo4 also as adoption increases and the voice of ideologues are muted, TTPs face less backlash for opaque practicesThanks. Twitter will use this to make your timeline better. UndoUndo
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