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I definitely agree that institutions have an interest in surveilling or tampering with the network. It's just that the backstory of its invention isn't somethin
by dmos62 6y ago
I definitely agree that institutions have an interest in surveilling or tampering with the network. It's just that the backstory of its invention isn't something I see as being practical information.
I'm inclined to nitpick your argument about cryptocurrencies being a threat to sovereign nations. Isn't everything that isn't censorable and is resilient to attack a threat to everything else? Your argument could be used to advocate authoritarianism.
- sneak 6y ago> It's just that the backstory of its invention isn't something I see as being practical information. It wouldn't be, except that circumstantial evidence suggests that the creator(s) of bitcoin were involved in early mining and possibly (perhaps even likely) have access to approximately $40B USD worth of the currency, having the mining rewards from some ~22,000 early blocks at 50 bitcoin each. There's also other circumstantial evidence that suggests that the keys may be lost, the person/people who have/had the keys may be dead, that the person/people who mined those blocks would likely never spend them, et c. But the risk is there, and it's nonzero. Getting more information on the matter, and perhaps an identity, from the published information available (satoshin@gmx.com) is a straightforward and low-cost task for nation-states. Almost all of the other people who have anywhere near that much bitcoin had to give their name and address and bank account to someone, somewhere, or they were one of the few dozen of us computer nerds who were mining way back then, and likely not terrorists/violent revolutionaries.