Re: As a developer, what's the best way to accept BTC without using third-parties
Not meant to be trustless? Bitcoinj was trustless i thought it connects to peers and not some random api on the net unless its for a price feed which is irrelevent. What do u mean by this?
It connects to peers but it doesn't verify blocks like bitocoin-core does, as well as bitcoinj doesn't have the entire blockchain. Without those two things you can't be trustless. SPV are just meant to get your unspent outputs, sign transactions and broadcast your transactions. Bitcoin-core actually keeps the network healthy by verifying blocks.
Now you can make it trustless by running your own bitcoin-core and have bitcoinj only connect that.
@gmaxwell This shows how much work we work we have to do as a community as people don't understand the important differences. I know you are probably going to say "People don't need to know how it works" but having the different levels of security laid out can't hurt.
Bitcoinj actually supports full verification at this point given you use the PostgresFullPrunedBlockStore or MySQLFullPrunedBlockStore as your BlockStore.
Bitcoinj has two modes it has SPV and full verification. I clearly stated the SPV mode in all my post.
To be honest though I don't think bitcoinj's full verification passes all the test. I don't know haven't really looked at the project much in the last year.
Yeah, I understand that the SPV mode is different and that you were referring to that. No problems there.
As far as I know, BitcoinJ's full verification passes all the tests. I know it used to not but now it does. The initial syncing process is very slow, though. After reaching the Block #200000, it can only process less than two blocks per second, which is disconcerting.