Trust is when one party relies upon the representations made by another party such that the relying party would be harmed if the representations were inaccurate. Trust exists between users of crypto-currencies and the developers of the software they use, between mining pool managers and their ...

learn more… | top users | synonyms

-1
votes
1answer
92 views

Using blockchain to publish downloadable software verification codes

What is the point of comparing sha256 of downloaded file with published on the same website code? Why can't developers of currencies publish file version and sha256 hash on blockchain as alias or ...
1
vote
3answers
196 views

Can the Bitcoin blockchain eliminate the need for Trusted Computing in Smart Contracts?

Let me preface this by saying that I'm a novice, but this is my rough understanding of how Bitcoin's blockchain works. (This is largely based on blog posts like this one.) If person A wants to ...
4
votes
3answers
328 views

How can a bitcoin exchange prove its solvency while maintaining privacy?

What methods can an exchange website use to prove that it actually has all its users' bitcoins? These are the requirements: User privacy is a must. No one should be able to tell how many bitcoins ...
6
votes
2answers
259 views

How much trust is placed on Satoshi Nakamoto?

Is the safety of bitcoin dependent on the creator of it being a trustworthy person? Or would it be safe to use even if it turned out the creator's day job was working at the NSA?
0
votes
1answer
35 views

Are there decentralized bitcoin asset management systems out there?

Are there any decentralized/shared bitcoin asset/investment management systems out there? It should be applicable to the following case: Many peers and nobody trusts each other. But trust is gained ...
5
votes
3answers
165 views

Are there any mining pools that publish what transactions they will include?

If some large number of the mining pools started publishing what transactions they are planning on including the danger of accepting a zero confirmation transaction would be reduced dramatically. Has ...
2
votes
1answer
141 views

What trust am I placing where when I use Electrum?

I have read that Electrum never is given your private keys (which makes sense), but I'm still unsure what sacrifices it makes in order to not require you to not store the entire ~14GB blockchain. So ...
0
votes
2answers
297 views

Is the Trusted Third Party an advantage or disadvantage in regards to wallet security?

I'm new to bitcoin and have been reading some intros and FAQs. Most features of bitcoin seem better than our current currency systems. However, the one thing that strikes me is the ability to have ...
4
votes
1answer
66 views

Trustworthy url address for bitcoin download?

I would like to download install some bitcoin software and create a wallet. I know there are some programs like Bitcoin-QT or Multibit. There are more sources to download these programs. I want to be ...
2
votes
2answers
121 views

How does the architecture prevent someone taking over by running a several billion clients?

I'm new to bitcoin and was wondering: As far as I know, bitcoin relies that the majority of the users is to be trusted. Why is it not a problem then if someone starts up billions of clients, eg. a ...
8
votes
6answers
1k views

Traditional VC investment vs. bitcoin IPO

There are few Bitcoin "stock exchanges" trading mainly BTC mining company pass-through shares, like https://btct.co/ https://bitfunder.com/ We are planning to get investment for our ...
4
votes
1answer
216 views

How can we trust big exchanges? [closed]

After reading the question What are ways a BTC Exchange could steal from its customers, and how can they protect themselves?, it would seem that you can't really trust the big exchanges (or anyone) ...
8
votes
1answer
206 views

Mediated transfer of funds between three parties

Alice wants Bob to transfer 10btc to Carol, and is willing to pay Bob 11btc for the transfer. They both entrust Trent to mediate the transaction, and Alice is willing to pay Trent 1btc as commission. ...
2
votes
1answer
141 views

Is it possible to see how much trust a certain wallet/user has extended in Ripple?

I can use the Ripple Live Network graph to see the balances of any given wallet on Ripple, but in order to know whether to trust someone (even a close friend), I might want to know how much trust they ...
3
votes
1answer
124 views

Is Trust public in Ripple?

If I trust someone, does everybody see exactly how much I trust them? At some point, a public directory of Ripple addresses might emerge, and people will know exactly how much their friends trust ...
14
votes
4answers
916 views

What happens when a gateway on the Ripple network defaults or simply vanishes?

What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, ...
5
votes
2answers
265 views

How does a gateway IOU differ from any other IOU on the Ripple network?

How does a gateway IOU differ from any other IOU on the Ripple network? Say, if I got a $1000 from a gateway, does that make it a better currency than say, creating a second account and sending myself ...
3
votes
2answers
338 views

Does sending non-ripple-money through Ripple require two people to be connected through a web of trust?

Say we have two people - first one puts some money into their Ripple address through a use of a gateway. They are not trusting anyone on the network, but need to send their money to a second party ...
6
votes
1answer
233 views

Vouching for (or against) the reputation of a bitcoin user

Since it's possible to link non obfuscated transactions to a "user" does is make sense, or it is possible for anonymized users with an established transaction history to "vouch" for another? I'm ...
2
votes
1answer
120 views

Does a low profit margin on mining reduce the integrity of the blocks stored in the transaction history?

As the mining Bitcoin payout decreases from 50 to zero, what incentive is there for miners to continue operating? Is there a need for miners to continue to operate when the payout decreases to zero? ...
4
votes
1answer
154 views

How to implement a green address in Bitcoind?

There are a few websites that use green addresses, but how can one go about implementing it using the standard Bitcoin API?
6
votes
2answers
516 views

What are the most notable cases of Bitcoin scams?

Bitcoins can be easily used to scam people out of their money due to the inability to perform charge-backs. What are the most notable cases of Bitcoin scams that are known?
6
votes
4answers
7k views

How can one download the initial Blockchain data files securely?

I see several sources for binary downloads of the Bitcoin blockchain. Can any of these be used securely?
4
votes
1answer
621 views

Using Bitcoin contracts to run a betting site without the need for deposits?

There are a couple of bitcoin betting sites, but they all seem to require making a deposit with them. Is it possible to somehow use the Bitcoin contract system to establish a distributed betting pool? ...
4
votes
5answers
275 views

Anonymity versus trust

Bitcoiners seem to love to talk about anonymity. But to me, anonymous transactions are far from Bitcoin's greatest strength. And to some, the need for high anonymity is the first sign that someone is ...
12
votes
2answers
5k views

MtGox - trusted vs verified

What is the difference between a "trusted", "verified" and other accounts at MtGox? In order to get "verified", one needs to provide them with photo ID and utility bill, but how does one get ...
9
votes
4answers
1k views

Do we know enough about Casascius to trust their physical coins in the long run?

Casascuius offers an attractive product, a physical coin storing a private key. From a CNET article and the website itself, we learn the company is run by Mike Caldwell, 2901 Little Cottonwood ...
8
votes
3answers
761 views

If there is no one company behind bitcoin, who controls it? [duplicate]

"If there is no one company behind bitcoin, who controls it?" This is the question that many people new to bitcoin ask. What is the best way to convey to them how bitcoin works, and in a way that can ...
6
votes
6answers
3k views

A list of trusted Bitcoin websites?

Is there some trusted website that maintains a list of Bitcoin-related websites and their reputation? For example, if I wanted to check if betsofbitco.in is a legitimate websites (it pays rewards ...
7
votes
2answers
390 views

How should one try verifying to whom a given Bitcoin address belongs?

Lets say, I'd have a website that shows a large number of Bitcoin public addresses, and wanted to give option for anyone that owns a given address to verify it automatically. Assuming that one ...
7
votes
3answers
2k views

Who controls Solidcoin's special millionaire accounts?

Solidcoin takes the following approach to preventing the 51% attack: As with existing cryptocurrencies, SolidCoin 2.0 stores transactions in a "block chain" which is essentially what it sounds ...
13
votes
2answers
499 views

Can Bitcoin technology be leveraged to implement a decentralized trust system (i.e. a replacement to SSL)?

Like Namecoin is intended to replace / augment DNS, can the Bitcoin principles / protocol be extended to support a distributed "trust" mechanism, in a way that no central authority will need to be ...
34
votes
3answers
3k views

Who runs www.bitcoin.org?

The original client that can be downloaded from www.bitcoin.org is often referred to as the "official client". Similarly many regard www.bitcoin.org as the "official homepage" of the project. So, who ...
18
votes
9answers
5k views

Which Bitcoin escrow services are available - and reliable?

For some transaction, the possibility of generating "chargebacks" might be very useful. For example, when trust cannot be established between both parties. In such cases, a trusted third party may be ...