It’s not just bitcoin either. There’s dash, litecoin, ripple, Monero, ether, etc...
Imagine being able to shop your money the same way you shop for a car.
Inflation? Gone.
It’s a better product that’s centered around putting the consumer in charge. The globalists are freakin out about not squashing this when they had the chance.
It seems the author of this article has an agenda and is using something in the news Bitcoin to promote it.
He also seems to get several things wrong. The NSA was not the folks who invented the idea of electronic cash and certainly not in 1996. This was talked about it in the 80's. In fact, I think a good part of this document is a summary of concepts that already existed and were being discussed. The NSA is very big in the cryptography field and would study any papers that came out. Electronic cash was a big, big subject in cryptography circles at the time of that paper.
Bitcoin is simply one of many version of electronic cash. It's the one that worked because it solved a few problems. So as if you give me a bitcoin as payment, how do I know it's real? You need a way to verify. The NSA paper uses this example where the bank is the verifying authority that a real payment has taken place.
The bitcoin guy hated this as he hated banks. He built verification right into his system with the use of the blockchain, a concept not in the the NSA paper and he made it peer to peer, it doesn't go through a central authority like a bank or something else. The NSA paper seems concerned with money laundering. I would bet the bitcoin guy would argue money-laundering shouldn't be illegal.
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IsThisGameOfThrones ago
Bitcoin is a good thing...
It’s not just bitcoin either. There’s dash, litecoin, ripple, Monero, ether, etc...
Imagine being able to shop your money the same way you shop for a car.
Inflation? Gone.
It’s a better product that’s centered around putting the consumer in charge. The globalists are freakin out about not squashing this when they had the chance.
carmencita ago
Ty then why this article? Why are they trying to dump this on the NSA. I have heard good and bad. It is very confusing.
Are_we_sure ago
It seems the author of this article has an agenda and is using something in the news Bitcoin to promote it.
He also seems to get several things wrong. The NSA was not the folks who invented the idea of electronic cash and certainly not in 1996. This was talked about it in the 80's. In fact, I think a good part of this document is a summary of concepts that already existed and were being discussed. The NSA is very big in the cryptography field and would study any papers that came out. Electronic cash was a big, big subject in cryptography circles at the time of that paper.
Bitcoin is simply one of many version of electronic cash. It's the one that worked because it solved a few problems. So as if you give me a bitcoin as payment, how do I know it's real? You need a way to verify. The NSA paper uses this example where the bank is the verifying authority that a real payment has taken place.
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nf1.jpg
The bitcoin guy hated this as he hated banks. He built verification right into his system with the use of the blockchain, a concept not in the the NSA paper and he made it peer to peer, it doesn't go through a central authority like a bank or something else. The NSA paper seems concerned with money laundering. I would bet the bitcoin guy would argue money-laundering shouldn't be illegal.