Bitcoin and the NSA

[stevegee58]

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.

[triplehelix]

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".

[rjk]

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

[stevegee58]

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.)

[herzmeister]

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?

[ptshamrock]

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   awesome read!

[Gleb Gamow]

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