Re:Bitcoin security model: trust by computation
by higherpurpose on Friday February 21, 2014 @11:37AM
(#7277732)
> Here’s the most important effect of this new trust model of trust-by-computation: no one actor is trusted, and no one needs to be trusted. There is no central authority or trusted third party in a distributed consensus network. That
That should be the future of the Internet, where we don't have to trust whether someone is a "good actor" or a "bad actor". This is also what is needed so we don't have "balkanized Internet" because we can't trust countries like US or UK to not spy on the rest of us anymore and get our data. If the network is built in a way that no one can be trusted, then the network can remain truly global again.
That's why I'm glad to see projects such as the Turing complete Ethereum picking up steam, and I'm hoping they succeed. I'm starting to believe more and more that the future of the Internet is going to be "Bitcoin-inspired" in a major way, and it will bring us a lot more distributed trustless applications than exist today on the current Internet, making it a lot harder for "bad actors" to exist in the network, be that for-profit hackers, "cyber terrorists" or even malicious governments.
It's also what will save us from the evil of certificate authorities, the OpenSSL monster, and other such patched up security tools that are meant to protect us right now, yet mostly fail to do so.
That should be the future of the Internet, where we don't have to trust whether someone is a "good actor" or a "bad actor". This is also what is needed so we don't have "balkanized Internet" because we can't trust countries like US or UK to not spy on the rest of us anymore and get our data. If the network is built in a way that no one can be trusted, then the network can remain truly global again.
That's why I'm glad to see projects such as the Turing complete Ethereum picking up steam, and I'm hoping they succeed. I'm starting to believe more and more that the future of the Internet is going to be "Bitcoin-inspired" in a major way, and it will bring us a lot more distributed trustless applications than exist today on the current Internet, making it a lot harder for "bad actors" to exist in the network, be that for-profit hackers, "cyber terrorists" or even malicious governments.
It's also what will save us from the evil of certificate authorities, the OpenSSL monster, and other such patched up security tools that are meant to protect us right now, yet mostly fail to do so.