NSA, Bitcoins & Privacy

[cryptocoinsnews]

Yesterday, an article was released stating how the NSA (National Security Agency) has implemented ways to circumvent encryption. If you read just that line, you’ll probably start freaking out slightly, because our cryptocoins are…encrypted…so…that means…Well, it could mean a variety of things, and you should possibly be scared. I mean, security is an issue near and dear to all our hearts, and the less any government knows, the better.

Let’s take a look at what we know: http://www.cryptocoinsnews.com/2013/09/07/nsa-bitcoins-privacy/

Is Bitcoin Safe from NSA?

[cypherdoc]

What I found most interesting was these NSA articles had the same tone of urgency, puffery, and intimidation as the NSA data center building articles had last year.

Yet here we are.

[Carlton Banks]

And if you look at the way that e-Gold and Liberty Reserve were targeted, why not crack all keys, send it all to an NSA owned wallet and declare the party over?

[cypherdoc]

Not to mention mtgox dwolla. .