05 Jun '13, 4am

A letter from Bitcoin entrepreneur to lawyer upon (finally) successfully proving his identity to a fo... #bitcoin

I feel that this entire process has been an education in why we are going to triumph. This system is broken. I sent two numbers in a plain text email that passed through hundreds of hands (servers, owned by private and public parties) on their way to a group of a dozen or so associates. Possession of either of these two numbers constitutes proof of my identity. Each of you can now enter various types of contracts on my behalf. Spend my fiat. Everyone I prove my identity to has the ability to fake it. This list grows every day, as I eat, drink, get around, and generally spread my special numbers all around the world. How many potential John Reeds are there? How many office clerks have your social security number? How many restaurants have your credit card info? Yesterday, a notary refused to verify that Evan was Evan while Evan was standing in front of him, with his US pass...

Full article: http://www.reddit.com/r/Bitcoin/comments/1fp9kr/a_letter_...

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