[cryptography] Digital cash in the news...
James A. Donald
jamesd at echeque.com
Tue Jun 14 05:17:37 EDT 2011
On 2011-06-14 2:19 PM, Steven Bellovin wrote:
> In my opinion, the post you
> were replying to is worse than impolite; it's racist crap that
> -- apart from being factually incorrect -- is utterly irrelevant
> to anything even vaguely connected to this list.
The question is, should we rely on cryptographic enforcement
transactions, in which case bitcoin or something like it is a good idea,
or state enforcement of transactions, in which case it is a bad idea.
The character of the transactions enforced by the state indicates that
something like bitcoin is a good idea.
I am pretty sure that you would find any accurate depiction of those
transactions racist and offensive. Indeed, the reason people find it
strangely difficult to accurately report what happened is because race
was absolutely central to what happened. The US government is throwing
money at voter blocks defined by race, destroying the financial system
in the process. In other countries, the government is also using the
banks to throw money at voter blocks, but for the most part not racially
defined voter blocks.
More information about the cryptography