11 Jul '13, 2pm

Plain Old Money Has Gotten Buggy At Cato Unbound @dakami questions the viability of Bitcoin's govern…

“Bitcoin: It turns nerd forums into libertarian forums.” Funny, and mostly true. Nerds sometimes avoid political issues, except to the degree that they break the Internet (thus my involvement in the long and ultimately successful fight against the anti-piracy bills SOPA and PIPA, whose security impacts upon the Internet were simply not considered). And yet bitcoin, more than perhaps any technology of the last decade, has fired up the imaginations of countless engineers, by simply asking the following question: What if we really could apply the Internet to money? To understand this question, and how it’s caused something of a political awakening, one must consider two things. First, the Internet represents the intersection of a near-complete lack of regulation and astonishing success. The Internet was by no means the first attempt at creating a global electronic network – o...

Full article: http://www.cato-unbound.org/2013/07/10/dan-kaminsky/money...

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cato-unbound.org 12 Jul '13, 2pm

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