Bitcoin Forum
June 23, 2018, 10:35:37 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
Author Topic: RFC: Creating a More Widely Adopted Digital Currency  (Read 1967 times)
Hero Member
Offline Offline

Activity: 588
Merit: 500

View Profile
October 19, 2011, 06:52:46 PM

Most of the issues discussed in the OP have been explored in depth in hundreds of threads and found to be generally bad ideas.

The one I haven't seen before in quite exactly this form is the idea of trusting your master passwords to a central authority. This is so obviously bad I'm surprised you spent a couple of hours on it. Such a thing would make the currency completely untrustworthy as there would be no way to trust that a third party could not compromise the CA and steal your money from under you.

Pages: « 1 [2]  All
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!