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I do agree that the inception of bitcoin is probably more interesting than we realize, but there are a few premises here I'm questioning: 1. That the sophistic
by overgard 14y ago
I do agree that the inception of bitcoin is probably more interesting than we realize, but there are a few premises here I'm questioning:
1. That the sophistication of bitcoin implies a government effort. I'd actually argue it's just as likely to be a corporate effort. This is more of a gut feeling, but modern government seems much more reactive than proactive, and so if they were to have created this, my suspicion would be that it was in response to something. But since I don't see an obvious "something", I'd imagine some sort of corporate entity is more likely to be proactive about an effort like this.
Or, maybe even more likely than that, some sort of organized crime effort. I mean the classic stereotype of the "mafia" makes that seem funny, but I imagine modern organized crime entities would be very interested in something like bitcoin. Especially since, outside of idealistic libertarians, I imagine the only reason right now to spend bitcoins is if you want to buy something that can't be tracked back to you.
2. I don't quite buy the premise that bitcoin is a bulletproof protocol. For instance: https://en.bitcoin.it/wiki/Weaknesses https://en.bitcoin.it/wiki/Weaknesses .
Some of these are sophisticated problems, but a lot of these things are exactly the kind of problems that could have been caught if there had been a proper peer review.
- DanBC 14y ago> I imagine the only reason right now to spend bitcoins is if you want to buy something that can't be tracked back to you. Why wouldn't they have baked in anonymity if the reason for Bitcoin was anonymous purchasing?
- jacquesm 14y agoBitcoin solves one problem and solves it well. One way to make it anonymous: https://en.bitcoin.it/wiki/Tor https://en.bitcoin.it/wiki/Tor Side note: if you buy something and it is physical at some point the package will have to be handed to you. That's a pretty tough nut to crack if you want to stay anonymous. At a minimum you're going to have to be proximate to the drop-point which makes playing 33 bits on you a lot easier.
- pbhjpbhj 14y agoYou have to route the cash-out through an anonymising network. Surely that's possible, eg the fabled "Swiss bank account" in the world today? Would a bank offer such an anonymising service; there's surely some level of transaction fee that would make the risk exposure worthwhile?