[135860] in North American Network Operators' Group
Re: [arin-announce] ARIN Resource Certification Update
daemon@ATHENA.MIT.EDU (Valdis.Kletnieks@vt.edu)
Sun Jan 30 10:38:13 2011
To: carlos@lacnic.net
In-Reply-To: Your message of "Sun, 30 Jan 2011 11:57:57 -0200."
<AANLkTi=eZHzxruo4NzZKYB6VU-oi+XVG=Tz1Sg-fndHn@mail.gmail.com>
From: Valdis.Kletnieks@vt.edu
Date: Sun, 30 Jan 2011 10:35:51 -0500
Cc: Paul Vixie <vixie@isc.org>, "nanog@nanog.org list" <nanog@nanog.org>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
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On Sun, 30 Jan 2011 11:57:57 -0200, Carlos Martinez-Cagnazzo said:
> What I just don't get if, we as a society, have created institutions
> we trust with our *money* (AKA banks), why there can't be institutions
> we trust with our crypto keys. I know that banks sometimes fail, and
> yes, probably "crypto banks" will sometimes fail as well, but on the
> whole, the failure rate of trusted institutions can be quite low,
> acceptably low.
There's a big difference. If a bank screws up and loses $5,000 of my money, I
can (at least potentially) sue them and recover $5,000 which is pretty much
identical to the $5,000 I lost. If a key escrow company loses my private key,
getting back an identical private key is exactly the *wrong* solution.
Crypto keys are not interchangable like dollar bills.
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