On 05/18/11 07:40, Eugen Leitl wrote:
----- Forwarded message from lodewijk andri de la porte <lodewijkadlp@gmail.com> -----
From: lodewijk andri de la porte <lodewijkadlp@gmail.com> Date: Wed, 18 May 2011 00:12:14 +0200 To: Eugen Leitl <eugen@leitl.org> Cc: cypherpunks@al-qaeda.net, info@postbiota.org Subject: Re: [silk] Bitcoin
It is possible for any current governmental agency to hijack the entire system, due to their access to supercomputer infrastructures and/or immense budgets. This will however become less and less possible while bitcoin continues to grow and is already a massive and technological challenge which I do not see any governmental institutions execute proper.
Yep. Should interference be detected, there is also scope to ban the big supercomputers and then edit it out of history - given consensus that this should be done.
It is also strange to say these transactions are "untraceable". Nothing is less true. Governments have complete transcripts of all sent data (USA, GB and AUS have a neat little system for this set up, catch all emails too), and every transaction is signed by the money's owner, it needs to be processed. Sure one could create many different unique signatures (bitcoin adresses) but those could all be traced moving out of the house. It's just immensely more tedious to do than tracking, say, bank transactions and so many agencies will just not be technical enough to do this.
Yep. I've written about this, and many people have suggested that Tor is a way around that: see http://www.snell-pym.org.uk/archives/2011/05/12/bitcoin-security/ ABS -- Alaric Snell-Pym http://www.snell-pym.org.uk/alaric/ ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE