Silk Road forums
Discussion => Security => Topic started by: TalkingHead on January 16, 2012, 07:12 pm
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Last night's The Good Wife devoted a whole episode to the Treasury Dept.'s search for "Mr. Bitcoin," the person who supposedly created bitcoins.
"We believe this unregulated currency is being used in a digital black market, guaranteeing anonymity to money launderers, drug dealers and child pornographers.” LOL. Who knew? Link to an episode summary here: http://blogs.wsj.com/speakeasy/2012/01/16/the-good-wife-season-3-episode-13-bitcoin-for-dummies-tv-recap/.
They actually cast Jim Cramer as himself and he says it's a commodity because it's decentralized and entirely peer-to-peer. The G-Man disagreed and mentioned that creating a currency can get you 10-30 years.
Personally, I'm not thrilled with any more major media attention to what we do here but what do you guys think about bitcoins as a currency?
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If SR was the only economic force driving the BTC, the price of coin would be around 10 cents and network strength would be way below 1Thash.
That means that other businesses, loads of speculative money and geek hardware is what is making us all safe. And this is for good reason, Bitcoin is indeed revolutionary concept. So the media attention toward btc is good thing in my book.
godspeed,
psilocin
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I mean I wish I could just put my USD somewhere stable instead of this fluctuating currency, but at least it makes this possible. =]