undefined | Better HN

0 pointsgruez8y ago0 comments

you don't. you're not handing over the private keys. you sign the transaction locally, and give them to the third party to broadcast in case you're not online. it can even be multiple third parties so you're not trusting a single one. this provides better reliability than broadcasting it yourself on your home/vps/colo connection.

0 comments

lalaland11258y ago

You are trusting those third parties to react accordingly. They could be paid off or attacked in other ways.

gruezOP8y ago

If you're dealing with amounts so large that you can't trust [large number] of independent third parties, you can always fall back to on-chain. but you've got to be pretty paranoid to think that starbucks is going to collude with [large number] of independent third parties to steal your $100 coffee deposit.

j / k navigate · click thread line to collapse

0 pointsgruez8y ago0 comments

0 comments

lalaland11258y ago

You are trusting those third parties to react accordingly. They could be paid off or attacked in other ways.

gruezOP8y ago

j / k navigate · click thread line to collapse