CryptoCobra
- The Rise of Digital Wealth vs Decline of CashDec 17, 2019
Security has been a big deal forever, and now with digital assets, it’s more key than ever. Bitcoin allows for transactions without big brother watching.
I’m not worried about keeping keys from everyone who runs a node. Just need them away from those few who might actually care about that data in the blockchain.
The short encrypted data method could easily blend in with regular transactions. Those hidden transactions wouldn’t raise flags either. But yes, costs could prohibitively skyrocket.
It's better if the clash between Bitcoin and the government happens sooner rather than later. If we wait too long, Bitcoin could be branded as this big criminal operation instead of a revolutionary tech.
While some companies have distanced themselves from groups like Wikileaks, the government’s taken no steps to completely cut off their access. They've shut down botnets, sure, but Bitcoin is way different.
So you’re saying we want this balance between the ‘strength’ of Bitcoin and what users actually want... But come on, what happens when something really bad gets hidden inside? Are we just pretending that won't be an…
I've been thinking about how we could layer useful stuff on top of Bitcoin, kinda like Ross Anderson's Eternity Service that Adam Back coded for Usenet ages ago. Usenet had its own persistence but Bitcoin's blockchain…