Post
Topic
Board Development & Technical Discussion
Re: BTC violates GAAP, result a mess.
by
jgarzik
on 10/06/2013, 15:44:19 UTC
Without the current design, you cannot have a zero trust system.

Most efficient designs are of course possible, but decrease trust.  SPV is an example.
Wow, it's really powerful statement and really questionable. I hope it comes with formal proof Smiley
Blockchain system can secure almost any underlying data structure (think of namecoin) and I don't see why it cannot be account ledger.

You snipped the relevant, quoted context for the response given.

The entire transaction history is required for a zero trust system.