Bitcoin
Out of context: Reply #1733
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- jonny_quest_lives0
Are you suggesting the cryptography underlying Bitcoin is compromised?
Vinay Gupta: Making the jump to saying Bitcoin is compromised is too far. But if you don’t think of this within the very narrow parameters of cypherpunk history, if you put it in the larger scale of political struggle, then what did the US government do to every substantial opposition group? The American Indian movement: smashed with a hammer, you’ve probably never even heard of it. Black Panthers: smashed with a hammer, all that’s left are the Crips and the Bloods. US peace movement: people will tell stories about going to meetings, and a third of the attendees were spies from different agencies. State, federal, local, FBI, CIA, DEA...
You don’t need to be a rocket scientist to figure out that the government has the vast majority of the cards on the table when it comes to force, and they’re choosing to lay absolutely none of them on the crypto-community right now. Silk Road and all of the other drug trade sites that use Bitcoin would absolutely, without any shadow of a doubt, provide the legal reason for killing the Bitcoin-network and arresting everybody involved. Do everybody for drug trafficking, money laundering, all the rest of that stuff. But they’ve decided to better leave it up than to take it down.
So you’ve got to ask yourself: why?
- Let’s take these lessons, and make a Bitcoin that is useless to Wall Street, that doesn’t automatically create a cartel of miners,jonny_quest_lives
- and that doesn’t leave a power vacuum for development which some Foundation will fill. -Vinay Guptajonny_quest_lives
- 2015- helps launch Ethereum... So mixed feelings about Vinay on the one hand a clearly critical voice at times on the other hand gladly entered the volatilejonny_quest_lives
- arena of cryptocurrencies.jonny_quest_lives
- So you’ve got to ask yourself: why?
Well... why?
I don’t know.
top notch******** - "If these libertarians would be good enough to grow the hell up and become anarchists like normal people"
wha?******** - "Bitcoin mafia" nah its Mafias bitcoin :D
crypto is used to finance far worse things than the life of guy like Ulbricht.********