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This is why I take bitcoin seriously, the privacy implications are BRILLIANT :P In all seriousness, this is going to come across as a conspiracy theory, but wh
by mdisraeli 13y ago
This is why I take bitcoin seriously, the privacy implications are BRILLIANT :P
In all seriousness, this is going to come across as a conspiracy theory, but why else would major government organisations be thinking that bitcoin is actually a good thing? Surveillance by design neatly negates all the current NSA privacy issues! It is also a figurative goldmine for economics researchers, who get to study every transaction in an economy for once, with full information on how the funds are following.
There's quite a few of us who have been concerned for a while about the issue of who controls the bitchain, as the only real thing stopping a single entity from doing this is cost. Yet the advantages are so very high. There's also the very real possibility that you don't actually need 51% of miners to do this for specific purposes, either. Just look at some of the TOR monitoring research.
EDIT: I should also add that we need to be talking about these issues, rather than dismissing them. If the cryptocurrency movement is to survive, then these are the challenges ahead.
And one has to ask, if this is not the sole means of accepted currency, are these issues actually a concern? What would count as appropriate mitigation? Can multiple forms of cryptocurrency co-exist and serve different purposes?
- snitko 13y ago> but why else would major government organisations be thinking that bitcoin is actually a good thing? Because they realized it would be impossible to fight it and, more importantly, because they probably invested in it themselves. Bitcoin being non-anonymous is a problem that can be solved and is being currently solved.
- jasimp 13y ago> It is also a figurative goldmine for economics researchers, who get to study every transaction in an economy for once, with full information on how the funds are following. If you're interested in that than you should look at the economy for Eve Online. It's definitely the closest thing ever created to a real economy which astounding amounts of information available to study. I'll provide some links that talk about Eve's market from economic standpoints, but these really only scratch the surface of what type of analysis is possible. [NOTE: I am not an author of any of these posts, and I claim no ownership over them] http://justinandrewjohnson.com/gaming/eve-online-best-game-economists http://justinandrewjohnson.com/gaming/eve-online-best-game-e... http://justinandrewjohnson.com/gaming/The-EVE-Online-Monopoly-Part-1 http://justinandrewjohnson.com/gaming/The-EVE-Online-Monopol...
- cabacon 13y agoSee also the economist at Valve, who had an article about the Team Fortress 2 online economy: http://blogs.valvesoftware.com/economics/arbitrage-and-equilibrium-in-the-team-fortress-2-economy/ http://blogs.valvesoftware.com/economics/arbitrage-and-equil...
- sliverstorm 13y agoYour comment paints an amusing picture in my head, of a future in which greenbacks are the underdog preferred currency for underground dealing and political refugees, rather than the Big Brother Bitcoin...