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1: There are absolutely pockets of absolute brilliance in government. Not big one, not a lot of them, but they are there. Also, Bitcoin primarily a crypto resea
by mseebach 14y ago
1: There are absolutely pockets of absolute brilliance in government. Not big one, not a lot of them, but they are there. Also, Bitcoin primarily a crypto research project, not a software engineering one. The government absolutely has a lot of brilliant crypto researchers on staff.
2: It might just be because I don't understand it completely, but as I understand it, every single transaction in Bitcoin is public and traceable - so if you compromise the identity of a wallet (from computer seizures, wiretap etc) you can monitor a target's transactions. A more perfect (or malevolent, depending on your POV) system would not have this traceability.
- rdl 14y agoI agree there are good cryptographers, but the bitcoin implementation is surprisingly good as well. On point 2 I think you restated what I said.
- mooneater 14y agoThis is very interesting, could you comment on what impresses you about bitcoin implementation?
- jacquesm 14y ago> could you comment on what impresses you about bitcoin implementation? Obviously I don't speak for rdl, but what impresses me is the level of anticipation of future developments.
- tjaerv 14y agoIndeed. Mike Hearn's talk at Bitcoin 2012 is a great overview of all that: http://www.youtube.com/watch?v=mD4L7xDNCmA http://www.youtube.com/watch?v=mD4L7xDNCmA All these goodies just waiting in there to come out and play.
- rdl 14y agoSame reasons as Kaminsky, if nothing else. There is a lot I hate about BTC but mainly due to it having wrong design goals, vs a wrong implementation. The essential thing they got wrong was lack of using the market to price risk, and trying to be all or nothing.