Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
tvbcof
on 25/06/2015, 03:44:50 UTC
...
In terms of ensuring Bitcoin's survival in the face of hostile and well-resourced interests, I think a better model to look at is the Tor project. Why are they able to survive in spite of a lot of powerful interests who'd like to see otherwise?

Last I looked TOR survives with 80% of it's financing coming directly from the U.S. government and most knowledgeable people who I find credible (in addition to my own analysis) saying that it has limited usefulness against attackers with the capabilities of the NSA.  Call me a skeptic, but the claims that TOR is funded by the govt to help Iranian dissidents avoid persecution and what-not I have a hard time swallowing it hook, line, and sinker.  That's but one of a long list of rather questionable observations as far as I am concerned.

I may use TOR for protection against certain privacy losses against certain classes of attacker, but I certainly would not trust such a solution with a great deal of my financial nest-egg.  Or at least not against a situation where the government wanted me to use a different solution for wealth preservation and transmission than I wished to.