Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
notme
on 19/03/2017, 22:27:32 UTC
Quote from: satoshi - bitcoin.pdf
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.

If I have to rely on another person to provide me with the block chain data, that is clearly the need for a trusted third party.

If you run an SPV node that connects broadly to the network, only have to rely on the network being honest, not a particular node operator.  SPV nodes are even described in the whitepaper (one click away in my sig).