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Ever since reading Cryptonomicon in the lat 90s I have wished that something like this would become widely adopted. Alas, as it was with eGold, once a digital a
by pault 16y ago
Ever since reading Cryptonomicon in the lat 90s I have wished that something like this would become widely adopted. Alas, as it was with eGold, once a digital alternative currency gets on the radar of the Feds, it will be wiped from the face of the earth. Of course, by that time it will already have been taken over by carders and scammers. Sigh...
- DennisP 16y agoeGold was a company, with legal exposure to U.S. jurisdiction. Bitcoin is an pseudonymous, decentralized cryptographic protocol. The Feds could criminalize its use by U.S. citizens, and pressure other governments to do the same, but it's going to be rather difficult to shut it down. The biggest threat is that it just won't catch on. I was pretty surprised to see that bitcoins already have significant real-world value. Maybe with the fading confidence in national currencies, the time is right.