09 Dec '12, 2pm

Bitcoin's Greatness Not Realized By Succumbing To Regulation

Bitcoin's Greatness Not Realized By Succumbing To Regulation

While an individual’s bitcoin transactions may still be semi-private, the auditable address links on the block chain and identity requirements for entering or exiting the exchange will remove any doubt as to how much bitcoin was spent or earned. Also, the case can be made that, despite bitcoin’s basis in mathematics and being devoid of ideology, graph theory analysis of the block chain can be significantly improved by having more ‘regulated’ data points thus cumulatively degrading the privacy of all bitcoin transactions. Bitcoin address logs for a bitcoin exchange are like IP logs for a VPN.

Full article: http://www.forbes.com/sites/jonmatonis/2012/12/09/bitcoin...

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