Series III · Card 12 of 21 · THE MAILING LIST
Trusted third parties are security holes.
NICK SZABO · TRUSTED THIRD PARTIES … · 2001
Turn it over, answer, sign – free, no account.
Source
“Trusted Third Parties Are Security Holes”, 2001 (essay title)
About the author
Computer scientist, legal scholar, and one of the key intellectual precursors to Bitcoin. Created Bit Gold and coined the term “smart contracts”.
The question on the back
How many third parties do you trust without thinking about it?