Post
Topic
Board Bitcoin Discussion
Re: what is SegWit's arbitrary discount rate of witness data segment
by
jbreher
on 15/06/2017, 21:48:17 UTC
The Sin, however, is in claiming that using this client allows one to use Bitcoin in a trustless manner. If one does not validate all transactions from t=0, then one is outsourcing the chain of custody to others. Others that you must trust.

It works this way for many years already, Core and BU not validating old signatures. You can hardly use Bitcoin in trustless manner, every one must trust something, be it node software, operating system or the hardware it runs on - you cant make or check in full everything.

I have a sign above the entrance to my lair:

Welcome to jbreher's Bitcoin node
Proudly checking every block-included transaction since 2011.

Just because you are incapable of operating in a trustless environment, does not mean we all are.