Bitcoin Forum
July 17, 2018, 08:07:36 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Can math and bitcoin solve the problem of third party trust.......  (Read 984 times)
S.Boxx
Newbie
*
Offline Offline

Activity: 27
Merit: 0

Squish=Tentacles & Snakes


View Profile
October 26, 2014, 12:54:12 AM
 #1

Can math and bitcoin solve the problem of trusting a third party to run an honest bitcoin-dollar exchange?

This is a Compare & contrast on how math does it for Bitcoin & how the pros do it for stocks vs. "MtGox" type exchange.
http://szabo.best.vwh.net/ttps.html

For Bitcoin/fiat exchange one needs traditional segregation of duties. e.g. 4 peers:  broker/exchange/clearinghouse/custodian. ~ Nick Szabo

Some segregation of duties is far better than none, but more is better & Nakamoto consensus allows much more to be much cheaper. ~ Nick Szabo


1531814856
Hero Member
*
Offline Offline

Posts: 1531814856

View Profile Personal Message (Offline)

Ignore
1531814856
Reply with quote  #2

1531814856
Report to moderator
1531814856
Hero Member
*
Offline Offline

Posts: 1531814856

View Profile Personal Message (Offline)

Ignore
1531814856
Reply with quote  #2

1531814856
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531814856
Hero Member
*
Offline Offline

Posts: 1531814856

View Profile Personal Message (Offline)

Ignore
1531814856
Reply with quote  #2

1531814856
Report to moderator
1531814856
Hero Member
*
Offline Offline

Posts: 1531814856

View Profile Personal Message (Offline)

Ignore
1531814856
Reply with quote  #2

1531814856
Report to moderator
hua_hui
Legendary
*
Offline Offline

Activity: 1330
Merit: 1016



View Profile
October 26, 2014, 01:55:48 AM
 #2

Quote
Can math and bitcoin solve the problem of trusting a third party to run an honest bitcoin-dollar exchange?
Answer is yes. One step is only needed to trust a third party called decentralized exchange.


             █████████████████             
          ███████████████████████         
        ███████████████████████████       
       █████████████████████████████       
      ████████████████████████████     
██████████████████████████████████████████
█████████████████████████████████████████
█████   █ █ █   █   █   █ █ ████ ██   ███
█████ ███ █ █ █ █ ████ ██ █ ███ █ ██ ████
█████   █ █ █   █   ██ ███ ████ █ ██ ████
███████ █ █ █  ██ ████ ███ ████   ██ ████
█████   █   █ █ █   ██ ███ ██ █ █ █   ███
█████████████████████████████████████████
██████████████████████████████████████████
      ████████████████████████████     
      ████████████████████████████     
       ██████████████████████████       
         ██████████████████████         
            ████████████████           

SURETY.AI
 ███
  █
  █      ███     
  █    ▄█▀
  █    █
  █    █
  █    █
  █    █
  █    █
  █    █
  █    █

         ███
          █
 ███      █
   ▀█▄    █
     █    █
     █    █
     █    █
     █    █
     █    █
     █    █
     █    █
 


       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████
   ▐████

 


▄                 ▄████▄▄    ▄
▀██             ████████████▀
 ████▄         █████████████▀
 ▀████████▄▄   █████████████
█▄▄█████████████████████████
 ██████████████████████████
   ▀██████████████████████
    █████████████████████
     ▀█████████████████▀
       ▄█████████████▀
▄▄████████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀▀

Ionchamp
Jr. Member
*
Offline Offline

Activity: 32
Merit: 0


View Profile
October 27, 2014, 12:02:16 PM
 #3

Quote
Can math and bitcoin solve the problem of trusting a third party to run an honest bitcoin-dollar exchange?
Answer is yes. One step is only needed to trust a third party called decentralized exchange.

Cool.. Thank you for the clarification sir.
amaclin
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
October 27, 2014, 04:57:59 PM
 #4

Quote
Can math and bitcoin solve the problem of trusting a third party to run an honest bitcoin-dollar exchange?

The right question is: ... and what will be the cost of this solution?
Pages: [1]
  Print  
 
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!