18 Feb '13, 7am

Exactly: There is no philosophy in Bitcoin (only #voluntarism) by @oleganza

There is no philosophy in Bitcoin. It is not anarchic, libertarian, Austrian or anonymous. It is just an internet protocol and a bunch of people that use it to transact between each other. The protocol has purely technical and monetary measures to prevent spam, DoS, double spending and reversal of transactions. Transactions themselves do not advertise their purpose or identities of people involved. It is not “against Bitcoin spirit” to have non-anonymous service built on top of Bitcoin. It is not a “hack” to use Bitcoin addresses generated not from random numbers, but from document hashes to implement secure document timestamping. You can do whatever you want with Bitcoin as long as your transactions are compliant with the protocol and you pay the fees when needed. You can use it as a currency. Or as a payment system. Or as an investment. Or not use any of its monetary pro...

Full article: http://blog.oleganza.com/post/43384713336/philosophy-of-b...

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