Post
Topic
Board Development & Technical Discussion
Re: Decentralised crime fighting using private set intersection protocols
by
aric
on 24/03/2013, 21:34:14 UTC
This is one of the first posts that makes me think twice about being on the bitcoin bandwagon to the extent I've been. The thought of cashing out some bitcoins even crossed my mind. It crossed my mind. That's all I'm saying. I continue to be skeptically optimistic and mindful.

It's destructive to promote an obvious, recurring concept that makes Bitcoin (big B) far more susceptible to collectives that set restraints and often have ulterior motives that employ force. It destroys the fungibility of bitcoins. Destroying (i.e. supplanting) a relatively freely-trading thing with a system that makes those things less free and depletes their intrinsic worth?

No, sir, I don't like it.

It would mean starting fresh. People who care about bitcoin's original intrinsic value would be forced to design a system that's substantially less susceptible to the central hierarchy of a small development crew, "feature" creep, mass pooling, and provider dependency. That would not be an easy task. ...To say the least. If, however, bitcoin ever fell to that point, it would be both a shame and an honorable endeavor.