Masataka Ohta wrote:
> 
> > It is still a hierarchical model of trust.  So at the top, if you
> > don't trust Verisign for the .COM domain and PIR for the .ORG domain
> > (and for people who are worried about the NSA, both of these are US
> > corporations), the whole system falls apart.
> 
> Right. PKI is fundamentally broken, because its fundamental
> assumption that trusted third parties could exist is a total
> fallacy.

I believe the problem is slightly different.

There is no problem with the assumption that trusted third party
_could_ exist.

The reason where PKI breaks badly is whenever the third party that
Bob selected as _his_ third party is not a third party that Alice
has volutarily chosen herself to trust.  Instead, PKI forces
Alice to trust dozens of third parties, one or more per every
Bob out there.

-Martin

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