RE: Is the US Government Trying To Buy Hacked NSA Files?

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Is the US Government Trying To Buy Hacked NSA Files?

in technology •  8 years ago 

The US government will eventually classify bitcoin as a tool for terrorists, this is will be bad for bitcoin

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I have seen this coming our way a long while ago as well... Surprised to see that it has yet been an official decree, but in doing so, they'd give it exposure underlining its intrinsic powers and shoot themselves in the "feet". It becomes thus, a matter of timing which makes me wonder what it will take for them to do so!?! Namaste :)

the culture of bitcoin is anti-government, so the more bitcoin gets used to terrorize society is the closer bitcoin get's to being politically attacked by the government, it's only a mater of time. There are many other cryptos who do not have a political stance and can do what bitcoin does.

Plus I am surprised BTC has lasted as long as it has since it is in direct competition with the Central Banks that mine through printing money from thin air. But BTC is dwarfed by the fact that the internet will no longer be under American control as of October 1st: https://www.engadget.com/2016/08/18/us-government-cedes-control-of-the-internet-in-october/

Should have classified bitcoin long time ago the issue is they use bitcoin :)

Wouldn't large intrusive governments actually prefer Bitcoins in some ways to things like Dollars? With Bitcoin, they could monitor every single transaction and every account. They could use their powers and resources to determine owners of many accounts, and easily create graphs of who each person trades with and how they spend their money.

Bitcoin is a great thing, but the "crypto" in its cryptocurrency is about trust, and not about privacy. Bitcoin has a very open ledger, and while sometimes governments will cause trouble, won't they also see the huge advantages that Bitcoin offers them with its providing a very easy way to monitor all of the usage?