Bitcoin Report Volume 51 (Bitcoin Sellouts)

[thebitcoinchannel]

http://www.youtube.com/watch?v=-U4gkByMpL4

"First they ignore you, then they ridicule you, then they fight you, then you win."
  --  Mahatma Gandhi

Buy stock in The Bitcoin Channel and promote Bitcoins:
http://www.empireavenue.com/eahome
Clark Moody http://bitcoin.clarkmoody.com/
The Feds Have No Prayer Of Shutting The Currency Down http://au.businessinsider.com/bitcoins-marti-maimi-not-worried-about-liberty-reserve-2013-5
The Attack on Tax Havens http://www.acting-man.com/?p=22604
Napster http://en.wikipedia.org/wiki/Napster
BitTorrent http://en.wikipedia.org/wiki/BitTorrent

This video is for purposes of criticism, comment, news reporting, teaching, scholarship, and research.  All video and audio content is my own creation and is protected by Creative Commons Attribution-NoDerivs 3.0 Unported License.  All other images and articles shown in this video are for purposes of "fair use" under Section 107 of the Copyright Act 1976. Thumbnail images come from free use archive at Wikimedia Commons. Thumbnail images come from free use archive at Wikimedia Commons.

[bluemeanie1]

cool show!

I think you're a bit confused though. 

Do you really think that the NSA produces our encryption technology for the benefit of the public?  or to make sure that the public only uses technology that they approve?

Given you monopolize talent in the cryptology field, you could make crippled crypto that the NSA reserves knowledge of backdoors to.  This scenario has been suggested over and over again, and the history of regulations reflect it.  Their crypto techniques are often found to have flaws.

Just look at what happened when someone tried to make their own encryption standard:  https://en.wikipedia.org/wiki/Pretty_Good_Privacy#Early_history

-bm