[Ygor]

What do you think about a compromise system? Centralized entities that you give trust to, that are run by people, that "know" you - basically a bank - which is using bitcoin as a currency and infrastructure for dealing with that currency?

If you look at it from high above, it would be like replacing the implementation of the current banking system with a more modern stack, but still leaving a similar human interface with the same level of features.

Would this make sense?

[pjc50]

What advantages would this have?

There are some people arguing in this direction, with the construction of settlement blockchains, but obviously the proof-of-waste system would have to be discarded.

[lisper]

I'm all for compromise, but I don't think it's possible to build a compromise system on top of bitcoin.

I think the Right Answer is to have an auditable public ledger maintained by a trusted third party. This could be the government, or it could be a private party, but the key to making it work is to make electronic money storage and transfer a commodity provided by what is essentially a public utility.