Title: 19-05-2013 DNA India - Today Post by: Benson Samuel on May 19, 2013, 03:57:45 AM http://www.dnaindia.com/lifestyle/1836651/report-bitcoin-mine-or-minefield
Title: Re: 19-05-2013 DNA India - Today Post by: Benson Samuel on May 19, 2013, 04:48:37 AM Loads of mistakes from what was actually stated. :(
Title: Re: 19-05-2013 DNA India - Today Post by: subvolatil on May 20, 2013, 01:15:55 PM dont know what to say. disappointed. I think your "Doctor " need a bit of a history lesson on the Crypto currency and not virtual currency. the reasons for the existence of crypto currency and the reasons what the crypto currency needs miners to verify transactions. Looks like the identifying owners part is what ticked me off.
but then again the press has a way of twisting peoples words. so i will give the benefit of the doubt on that . Title: Re: 19-05-2013 DNA India - Today Post by: Benson Samuel on May 20, 2013, 01:21:46 PM dont know what to say. disappointed. I think your "Doctor " need a bit of a history lesson on the Crypto currency and not virtual currency. the reasons for the existence of crypto currency and the reasons what the crypto currency needs miners to verify transactions. Looks like the identifying owners part is what ticked me off. but then again the press has a way of twisting peoples words. so i will give the benefit of the doubt on that . She mailed back with an apology for the mistakes. Well, another bunch of people now know what Bitcoin is, so am OK with the end outcome. Nilam was talking about a project from the foundation called 'Bitcoin Identified'. I will post a link to the paper that he had written for it. Bitcoin is way ahead of its time for mainstream media in India. Title: Re: 19-05-2013 DNA India - Today Post by: subvolatil on May 20, 2013, 01:40:51 PM well identification of users in the bitcoin chain is possible . with the proper analysis of the addresses and the transaction history, and should remain to that only . however in terms of identification of users in the sights for a government data base, is some thing history has far to often shows how violent it can be . Hitler created a data base look what it did.
Crypto currency was a theory by which two entity can securely transfer funds to each other without the processing entity not knowing the identity of each other. some thing like the Yao's Millionaires' problem,(not exactly but similar). If i want to be identified i'll just use pay pal. crypto currency, addresses a specific problem of value transfer without others knowing what is being transferred. any sort of identification is not some thing good for the ideas this was formed upon. |