15 Aug '13, 7pm

Bitcoin

Bitcoin

I would strongly recommend against anyone trusting their private data to a company with physical ties to the United States. –Ladar Levison Secure email providers Lavabit and Silent Circle have taken the heroic steps of shutting down their businesses in order to preserve their integrity. Unfortunately the definition of heroism necessarily implies that their actions are heroic because they are unusual. Their actions surprised us because most companies, when faced between choosing between continued operation and honoring the trust their users have given them, toss integrity aside. Even though Levinson was speaking in the context of communication providers, his words apply equally well to Bitcoin. A police state is no less interested in controlling the flows of money between its subjects than it is in monitoring and controlling the flows of communication. 2013 was a great and ...

Full article: http://bitcoinmagazine.com/trust-no-us-companies-with-the...

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