Re: Montreal scaling Bitcoin workshop recap.

Do you know what a third-party is?

Yes I do, and you quoted what I said out of context. I said that some SPV wallets can connect to full nodes which can be put up by anyone in a decentralized fashion. I also argued that relying on layer two protocols would translate into much greater reliance on third parties especially with increased adoption and limited blocksize space.

SPV wallets connecting to full nodes = third party risk. no amount of spinning can get you out of this.

Layer two protocols like Lightning rely on no third-party custody therefore you don't have to trust anyone with you money to use them.

Layer two protocols are third parties as well. Not being able to practically transact on the Bitcoin blockchain directly because of it becoming prohibitively expensive after increased adoption would translate into a much greater reliance on third parties, compared to SPV wallets. I am not spinning anything since I never claimed that SPV wallets do not rely on third parties at all, even if it is decentralized in its execution.

Quote from: VeritasSapere on September 15, 2015, 04:36:11 PM

Using a SPV wallet does not necessarily mean relying on a third party since some SPV wallets can connect to full nodes

You realize you are doing it again right, you are quoting me out of context. Since in the next sentence I clearly say that: "Having to use a layer two protocol however would translate into much greater reliance on third parties especially with increased adoption and limited blocksize space." The emboldened part of the text implies the acknowledgment that SPV wallets do also partially rely on third parties, in some of the same ways that a layer two protocol would as well. What are you trying to do here anyway trying to prove that I believe something that is factually incorrect while I am repeatedly stating the opposite? That is just silly.