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Author Topic: Bitcoin and the NSA  (Read 4873 times)
stevegee58
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March 19, 2012, 02:55:46 PM
 #21

It's reasonable to assume that if any alternate currency were to really become popular it would get the negative attention of TPTB.  Think about it: one day the USG starts to notice an unexplainable drop in revenue.  They start digging to find out the cause of this anomaly and find a growing underground economy with a non-USD currency.

For crypto currencies, agencies with lots of computing power would become heavily involved in the effort to try to disrupt or destroy it.

It's what would happen if BTC really became mainstream.

You are in a maze of twisty little passages, all alike.
There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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March 19, 2012, 03:02:33 PM
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It's reasonable to assume that if any alternate currency were to really become popular it would get the negative attention of TPTB.  Think about it: one day the USG starts to notice an unexplainable drop in revenue.  They start digging to find out the cause of this anomaly and find a growing underground economy with a non-USD currency.

For crypto currencies, agencies with lots of computing power would become heavily involved in the effort to try to disrupt or destroy it.

It's what would happen if BTC really became mainstream.

i fully acknowledge that there may at some point be some negative attention given to bitcoin from the US government.  i laugh at the idea that at this point, right now, bitcoin is seen as such a threat that billions are invested to "crush it".
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March 19, 2012, 03:02:53 PM
 #23

It's reasonable to assume that if any alternate currency were to really become popular it would get the negative attention of TPTB.  Think about it: one day the USG starts to notice an unexplainable drop in revenue.  They start digging to find out the cause of this anomaly and find a growing underground economy with a non-USD currency.

For crypto currencies, agencies with lots of computing power would become heavily involved in the effort to try to disrupt or destroy it.

It's what would happen if BTC really became mainstream.

i fully acknowledge that there may at some point be some negative attention given to bitcoin from the US government.  i laugh at the idea that at this point, right now, bitcoin is seen as such a threat that billions are invested to "crush it".
+1

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stevegee58
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March 19, 2012, 03:06:58 PM
 #24

i fully acknowledge that there may at some point be some negative attention given to bitcoin from the US government.  i laugh at the idea that at this point, right now, bitcoin is seen as such a threat that billions are invested to "crush it".

Or the USG has been anticipating this and is seeking to smother it in the cradle.  (BTW I don't think they're that good at planning.)

You are in a maze of twisty little passages, all alike.
herzmeister
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March 19, 2012, 04:24:07 PM
 #25

guess they'll be building large rainbow tables of everything they'll ever intercept. that will mean to avoid plain text offenders at all cost. ssl needs to be upgraded too right?

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
ptshamrock
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March 21, 2012, 02:18:05 PM
 #26

Why would anybody like the NSA want to destroy Bitcoin? They're probably as intrigued by it as us and would rather want it as secure as us.

Read "A Lodging of Wayfaring Men" for your answer.


yeah man Smiley  awesome read!

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August 11, 2014, 04:09:18 PM
 #27

I think the NSA has somehow implanted a chip in bitcoiners designed to activate when they become the hot topic of the day.

Hashing24 or: How I Quit Worrying and Learnt to Love the wew (pronounced: woo; rhymes with dew)
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