@Beautyon_ @pierebel It’s only a matter of time before we see best practices emerge for running blockchain services. https://t.co/1KroRGi3Vm
@Beautyon_ @pierebel I find it more likely that bootstrapped companies w/limited funds will use third party APIs as a starting point.
@Beautyon_ @pierebel If @BitGo decided to cease responding to commands, you can route around us and move your coins to a different service.
@Beautyon_ @pierebel And of course, there’s also the limited-trust model we use at @BitGo. We could lie about balances, but not steal coins.
@Beautyon_ @pierebel For an individual, SPV w/o a trusted node will probably provide sufficient security. Enterprises should run full nodes.
@Beautyon_ @mzdr0 SPV is the answer for people who don’t want to run a full node and don’t want to trust a third party.
@twobitidiot Depends upon the security / anonymity of the process you use to hop chains, but yes :-)
When you have to ask permission to access your money, it isn’t actually your money. This holds true for both cryptocurrency and fiat.