Re:Terrorists Turn to Bitcoin for Funding, and They’re Learn...
by choeger on Monday August 19, 2019 @03:52AM
(#20735774)
There is an interesting dynamic at play here. Western democracies have arguably created the foundation for developing bitcoin with their highly functional education systems and uncensored exchange between citizens. They also created the desire to implement something like bitcoin with their (more or less) subtle movement towards authority and policing.
Next step, western governments (correctly) identify bitcoin as a threat to their current policy enforcements. Now we see the narrative spun against bitcoin as a tool of evil powers and criminals. Sooner or later it will be attacked more or less directly. Thus, the governments confirm the motivation for creating bitcoin in the first place to their own citizen. "See, the White House /wants/ to control us. We /need/ tools like it." You could replace bitcoin with any other technology that protects privacy btw. be it Tor, GPG, or whatever.
So what happens now: Will the governments increase the motivation for the developers of said tools in an endless arms race, creating a vicious cycle, where governments trigger the development of better and better tools for criminals? Or will they at some point start to attack the means to actually implement these tools? Will there be a form of arms control for compilers? Like a government-controlled app store?
Next step, western governments (correctly) identify bitcoin as a threat to their current policy enforcements. Now we see the narrative spun against bitcoin as a tool of evil powers and criminals. Sooner or later it will be attacked more or less directly. Thus, the governments confirm the motivation for creating bitcoin in the first place to their own citizen. "See, the White House /wants/ to control us. We /need/ tools like it." You could replace bitcoin with any other technology that protects privacy btw. be it Tor, GPG, or whatever.
So what happens now: Will the governments increase the motivation for the developers of said tools in an endless arms race, creating a vicious cycle, where governments trigger the development of better and better tools for criminals? Or will they at some point start to attack the means to actually implement these tools? Will there be a form of arms control for compilers? Like a government-controlled app store?