Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
VeritasSapere
on 09/10/2015, 19:33:06 UTC
Quote from: brg444 on October 09, 2015, 07:23:29 PM
Quote from: knight22 on October 09, 2015, 07:21:57 PM
Quote from: VeritasSapere on October 09, 2015, 07:12:04 PM
Quote from: iCEBREAKER on October 09, 2015, 07:02:38 PM
You think that most people should rely on off chain solutions? Needing third parties in order to transact in Bitcoin defeats part of the purpose. We should be able to use the Bitcoin Blockchain directly, off chain solutions do not truly increase the throughput of the Bitcoin blockchain.
I think icebreaker missed that part:

Quote from: Bitcoin: A Peer-to-Peer Electronic Cash System
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.
The only way to use Bitcoin without relying on a third party is to run a full node. How else do you propagate your transactions privately.
The vast majority of Bitcoin users do not run full nodes, smart phones can not run full nodes after all. I also very much doubt that every user in the future that does not live in the developed world will be able to run a full node either. People can use Bitcoin without running a full node, while still holding their own private keys and being able to transact freely on the Bitcoin blockchain.