[Cryptography] Keeping Malware from Using Security Hardware

[iang]

On 18/03/2025 20:08, Chris Frey wrote:
> On Mon, Mar 17, 2025 at 09:57:24AM +0000, iang via cryptography wrote:
>> In short (and this was the literal analysis of EOS, being a blockchain
>> for business) my claim is that you cannot do business unless you can
>> hold the counterparty to account for eg debts incurred unfairly. And
>> the test of that is - how do you take someone to dispute resolution?
>>
>> And technically, that means being able to halt transactions, pending
>> resolution. So I concur, lack of disputable transactions is a design flaw,
>> if you're intending the chain to do business.
> People, please. :-)
>
> This has nothing to do with the payment system.  If I pay cash
> at the local variety store for a packet of crisps and they turn out
> to be moldy, I go back for a refund.  There is nothing in cash itself
> that enforces a refund, yet we get along just fine without it.


That is cash, which works well in the context of a *local* store.

Now try your trade on the Internet, which is global, and you're dealing 
with counterparties in other countries, so their rep is 'remote' and 
their accountability is nil.


> You take someone to dispute resolution with the evidence you have:
> the receipt, the packet of crisps, and your testimony of what happened.
> If cash was used, that's all.  If Bitcoin was used, you have the
> ledger transaction to show too.  What more do you need?
>
> - Chris


The point is, business is structured to assume the same environment as 
'local'. The Internet ain't quite that, and blockchain really isn't 
that. It's ok for grown adults to play in the casino, but not for business.

iang