[cryptography] sander & ta-shma + bitcoin, b-money, hashcash (Re: Is BitCoin a triple entry system?)

Peter Gutmann pgut001 at cs.auckland.ac.nz
Wed Jun 15 02:51:33 EDT 2011


"James A. Donald" <jamesd at echeque.com> writes:
>On 2011-06-15 1:29 AM, Ian G wrote:
>> Which, to my mind was the same sin as the alternate: obsession with
>> privacy, including to the extent of eliminating the core requirements of
>> money. The first law of money is that it has to be safe:
>>
>> http://forum.bitcoin.org/index.php?topic=16457.0
>
>Reversible (soft) money has to have at its foundation irreversible and final
>hard money.

I think the owner of the lost BTC is about to find this out the hard way if he
tries to follow one suggestion for recovering the bits:

  go to the police! 25k BTC are about $500.000, thats crazy! they can
  investigate and find out who it was.

at which point the police will either (a) laugh him out of the station or (b)
ask him to take a urine/blood test to figure out what he's on.

Peter.



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