Bitcoin: More Covert than it Looks | Active Rhetoric

"Just as the luddites failed to stop progress, #Bitcoin naysayers will fail to stop this revolution from taking root"

Journalists like Tim Lee suffer from a few problems when they write about projects like Bitcoin. The first of these is that very few of them actually download the program and run it to get a feel of how it actually works. They have never spent or received a Bitcoin or a part of one. If they did that, they would understand it from the inside, and not just as an idea that they have tried to understand in the purely abstract. The second is that none of them have any first hand experience with encryption and cryptography. Crypto is nothing more than another abstract concept for them. The closest they have come to using cryptography is an SSL connection when they buy a book at Amazon. If Tim Lee had any experience or knowledge of cryptography, he would have used the term Traffic Analysis in his piece, which he talks around instead of referring to directly. Here is the Wikipedia...

Full article: http://activerhetoric.wordpress.com/2011/07/14/bitcoin-mo...