Re:94k Bitcoin (1B USD) transferred from unknown wallet to u...
by Consultant32452 on Tuesday September 10, 2019 @03:31PM
(#20932542)
I feel confident that any major state actor could completely disrupt the bitcoin market. In traditional banking the government wants to maintain the value of its fiat currency. But the government doesn't care one iota about the value of Bitcoin except potentially for its own nefarious purposes.
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Re:94k Bitcoin (1B USD) transferred from unknown wallet to u...
by solotronics on Wednesday September 11, 2019 @12:41AM
(#20936613)
This is assuming that Bitcoin wasn't invented by a government in the first place. Cryptos have a strong benefit to central authority in that they are simple to track flows of money, it's impossible to play a shell game if you can check the block chain. It becomes very easy to check the full transaction history of someone if you find out their addresses. Here is an NSA paper on cryptocurrency that came out in 1996
https://groups.csail.mit.edu/mac/classes/6.805/articles/mone...