[bitcoin-dev] trust

[Adam Back]

On 8 August 2015 at 09:54, Thomas Zander <thomas at thomaszander.se> wrote:
> I didn't say off-chain, and gave an example of on-chain usecase with trusted middleman.

That's basically the definition of off-chain.  When we say MtGox or
coinbase etc are off-chain transactions, that is because a middle man
has the private keys to the coins and gave you an IOU of some kind.

Adam