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Title: How does the U.S. government's push for "backdoor" access affect bitcoin? Post by: RodeoX on July 10, 2015, 02:48:32 PM This week we saw U.S. intelligence agencies asking for business to give access to users encrypted data. They want to do away with end to end encryption to "fight the terrorists", of course. Well I for one am far more afraid of future abuses by my government that daesh. Since bitcoin is a system that uses anonymous encrypted data, I wonder what impact a law would have on BTC. In any case this will not stand without a fight. The people who just today told us that they lost all the data for all their employees and their families. Some 21 million people, all their personal info, financial info, the answers and results of their background checks, the whole F-ing motherload; now want to hold your data. Please.
http://www.darkreading.com/endpoint/3-reasons-why-giving-government-a-backdoor-is-a-bad-idea/d/d-id/1321248 Title: Re: How does the U.S. government's push for "backdoor" access affect bitcoin? Post by: Blackbird0 on July 11, 2015, 02:22:13 PM I don't see how it could. The U.S. Government has no one to ask for backdoor access to bitcoin. One of the many benefits of decentralized organization.
However, there's certainly secondary and tertiary affects. The government can already get your email with warrants and other compulsory legal processes for other kinds of data: so if you're sending your private keys with nothing more than your email service's encryption, yeah you're screwed if the government wants to eventually seize your Bitcoin pursuant to valid civil or criminal forfeiture order. Title: Re: How does the U.S. government's push for "backdoor" access affect bitcoin? Post by: Amph on July 13, 2015, 08:13:02 AM I don't see how it could. The U.S. Government has no one to ask for backdoor access to bitcoin. One of the many benefits of decentralized organization. However, there's certainly secondary and tertiary affects. The government can already get your email with warrants and other compulsory legal processes for other kinds of data: so if you're sending your private keys with nothing more than your email service's encryption, yeah you're screwed if the government wants to eventually seize your Bitcoin pursuant to valid civil or criminal forfeiture order. why you should do something like that? just do a regular spent of your coin, if you want to send an amount of bitcoin or whatever in the future if regulation will be too tough, we will use subterfuge like monero or we can create our own monero clone and no one will know about it Title: Re: How does the U.S. government's push for "backdoor" access affect bitcoin? Post by: Blackbird0 on July 13, 2015, 01:14:32 PM I don't see how it could. The U.S. Government has no one to ask for backdoor access to bitcoin. One of the many benefits of decentralized organization. However, there's certainly secondary and tertiary affects. The government can already get your email with warrants and other compulsory legal processes for other kinds of data: so if you're sending your private keys with nothing more than your email service's encryption, yeah you're screwed if the government wants to eventually seize your Bitcoin pursuant to valid civil or criminal forfeiture order. why you should do something like that?, just do a regular spent of your coin, if you want to send an amount of bitcoin or whatever in the future if regulation will be too tough, we will use subterfuge like monero or we can create our own monero clone and no one will know about it *shrugs* People are stupid. Obviously no one should be storing their private keys in an unencrypted manner or sending them through unencrypted channels. But no doubt some people do. If you do that, the government, right now, can easily get that information through legal channels with normal legal process. |