Bitcointalk Mobile Browser presented by IRLBTC™

>> (p.1)

Author

Topic: We need a new word to replace "Trustless" Escrow or "Trustfree" Escrow (Read 711 times)

Ragnarly (OP)

Member

Offline

Activity: 70
Merit: 10

We need a new word to replace "Trustless" Escrow or "Trustfree" Escrow

April 02, 2014, 03:40:08 PM

We in the community know that those phrases mean either 1. A transaction needs multiple keys. Or 2. Three pieces are created to form the private key, like what we use at https://anark.it/

Non-bitcoiners think the phrases mean the escrow can't be trusted. So what should we call these types of secure escrows?

kokojie

Legendary

Offline

Activity: 1806
Merit: 1003

Re: We need a new word to replace "Trustless" Escrow or "Trustfree" Escrow

April 02, 2014, 04:18:53 PM

Our job is to inform, not to appease. Trustless is an accurate word to describe it.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6

HCLivess

Legendary

Offline

Activity: 2114
Merit: 1093

=== NODE IS OK! ==

Re: We need a new word to replace "Trustless" Escrow or "Trustfree" Escrow

April 02, 2014, 04:37:43 PM

Crow

Bismuth - https://bt.irlbtc.com/view/1896497 NADO - https://bt.irlbtc.com/view/5425042.0 qTrader - https://bt.irlbtc.com/view/5206250
Bitrated user: HCLivess.

LAMarcellus

Full Member

Offline

Activity: 180
Merit: 100

Re: We need a new word to replace "Trustless" Escrow or "Trustfree" Escrow

April 02, 2014, 04:43:55 PM

Quote from: HCLivess on April 02, 2014, 04:37:43 PM

Crow

Scrow! We watch your money.
"Trust us Scrow"
"We like money"
Inspired by the movie Idiocracy, I fear this term could be handily adopted at least here in the US.

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. Albert Camus

Ragnarly (OP)

Member

Offline

Activity: 70
Merit: 10

Re: We need a new word to replace "Trustless" Escrow or "Trustfree" Escrow

April 02, 2014, 10:37:39 PM

Quote from: kokojie on April 02, 2014, 04:18:53 PM

Our job is to inform, not to appease. Trustless is an accurate word to describe it.

It's the escrow part that creates all sorts of regulatory and legal issues.

Pages: [1]

Page 1

Viewing Page: 1