09 Aug '13, 11am

What libbitcoin and sx Are And Why They Matter #bitcoin

The second reason is political. Many core bitcoind developers, particularly lead developer Gavin Andresen, are also part of the Bitcoin Foundation, an organization which has taken clear steps toward using political lobbying as a strategy for protecting Bitcoin. The fear is that, in the future, the government might try to regulate Bitcoin more, and give the foundation an ultimatum: you include certain privacy-eroding features (a moderate example might be an “address validation fee” to discourage people from covering their tracks by creating many Bitcoin addresses) in the protocol, or we ban Bitcoin exchanges. The Foundation may well comply, and the US government knows it. If the Foundation did not have the power to make these kinds of changes to the protocol without widespread international consent, however, then the US government would not have this option – they would be ...

Full article: http://bitcoinmagazine.com/what-libbitcoin-and-sx-are-and...

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