Trust is when one party relies upon the representations made by another party such that the relying party would be harmed if the representations were inaccurate. Trust exists between users of crypto-currencies and the developers of the software they use, between mining pool managers and their miners, and between exchanges or e-wallet services and their users.
Questions tagged [trust]
86 questions
38
votes
3 answers
Who runs www.bitcoin.org?
The original client that can be downloaded from www.bitcoin.org is often referred to as the "official client". Similarly many regard www.bitcoin.org as the "official homepage" of the project. So, who runs it? Is it the core developers? Some Bitcoin…
D.H.
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20
votes
8 answers
Which Bitcoin escrow services are available - and reliable?
For some transaction, the possibility of generating "chargebacks" might be very useful. For example, when trust cannot be established between both parties. In such cases, a trusted third party may be very helpful. One very well known and reputable…
Jashan
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19
votes
3 answers
Is bitcoin.org or bitcoincore.org the one to trust?
"Download Bitcoin Core": https://bitcoin.org/en/download
"Download Bitcoin Core": https://bitcoincore.org/en/download/
I've been alternating between the two sites for years. I have no clue who to trust the most.
Why are there two? I mean, I get it,…
D. G.
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17
votes
4 answers
What happens when a gateway on the Ripple network defaults or simply vanishes?
What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, or does something else happen?
ThePiachu
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16
votes
2 answers
Can Bitcoin technology be leveraged to implement a decentralized trust system (i.e. a replacement to SSL)?
Like Namecoin is intended to replace / augment DNS, can the Bitcoin principles / protocol be extended to support a distributed "trust" mechanism, in a way that no central authority will need to be trusted in order to verify public key…
ripper234
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15
votes
3 answers
What are the most notable cases of Bitcoin scams?
Bitcoins can be easily used to scam people out of their money due to the inability to perform charge-backs. What are the most notable cases of Bitcoin scams that are known?
ThePiachu
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12
votes
2 answers
MtGox - trusted vs verified
What is the difference between a "trusted", "verified" and other accounts at MtGox? In order to get "verified", one needs to provide them with photo ID and utility bill, but how does one get "trusted"?
ThePiachu
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10
votes
4 answers
Do we know enough about Casascius to trust their physical coins in the long run?
Casascuius offers an attractive product, a physical coin storing a private key. From a CNET article and the website itself, we learn the company is run by
Mike Caldwell, 2901 Little Cottonwood Road, Sandy, Utah 84092,
who appears to be a trusted…
Jan
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9
votes
2 answers
Mediated transfer of funds between three parties
Alice wants Bob to transfer 10btc to Carol, and is willing to pay Bob 11btc for the transfer.
They both entrust Trent to mediate the transaction, and Alice is willing to pay Trent 1btc as commission.
What is the correct and most secure protocol for…
nivs
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9
votes
2 answers
How much trust is placed on Satoshi Nakamoto?
Is the safety of bitcoin dependent on the creator of it being a trustworthy person? Or would it be safe to use even if it turned out the creator's day job was working at the NSA?
Andrew Grimm
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8
votes
2 answers
Why does the blockchain need blocks?
I think I understand the main parts of the Bitcoin blockchain. While I was explaining the concept to my girlfriend she asked me why groups of transactions are actually stored in a block? Every transaction is verified by every node, so why do we need…
kramer65
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8
votes
4 answers
How can a bitcoin exchange prove its solvency while maintaining privacy?
What methods can an exchange website use to prove that it actually has all its users' bitcoins?
These are the requirements:
User privacy is a must. No one should be able to tell how many bitcoins an account has (besides his own).
Total number of…
Pacerier
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8
votes
3 answers
If there is no one company behind bitcoin, who controls it?
"If there is no one company behind bitcoin, who controls it?" This is the question that many people new to bitcoin ask. What is the best way to convey to them how bitcoin works, and in a way that can be understood by non-techies.
osmosis
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8
votes
6 answers
Traditional VC investment vs. bitcoin IPO
There are few Bitcoin "stock exchanges" trading mainly BTC mining company pass-through shares, like
https://btct.co/
https://bitfunder.com/
We are planning to get investment for our Bitcoin-related business. Instead of traditional Silicon…
LocalBitcoins
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7
votes
1 answer
Do we have to trust at least one DNS seed?
If I understand correctly, when new bitcoin node wants to join the network, it must be introduced by guiding nodes -- DNS seeds. DNS seeds can thereafter help new node discover more existing nodes.
So during the bootstrap phase, DNS seeds are the…
Bo Ye
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