Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will route around damaged parts of the system.
by
Cryptoman
on 06/06/2013, 17:14:17 UTC
The concept of decentralized currencies will enable the usage of private money  on a scale never before seen in the history of mankind.  Who knows the amount of innovation and progress that will unlock.  The nature of Bitcoin makes any attempt to control the "Bitcoin proper" as futile as attempts to bring peer to peer file sharing under control.  At best the state can exert influence on the periphery, the edge where the crypto and fiat worlds meet. However as a circle expands the area inside the circle grows faster than the circumference.  In the same respect, even if states around the world clamp down their influence and power is directed at periphery of shrinking importance.

I see Bitcoin as one of many technologies which are placing greater power in the hands of individuals and lessening the amount of control that a central authority can exert.  It's going to be a wild ride as everyone gains the ability to create/buy/sell any object or piece of information in total privacy.  We'll likely see a state-led war against general-purpose computing, as Cory Doctorow has suggested.

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On a personal note I don't know the exact future of Tangible Cryptography, we have been discussing various plans and contingencies.  Over the last week I have switched back and forth many times between disillusionment and defiance.  After deep reflection I am as energized as ever before, and regardless of what happens we will remain involved in the cryptocurrency ecosystem. 

I'm sorry that I've missed the news.  What happened?  In my experience, you've always conducted your business in the highest standards of professionalism.