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The Flaw that May Bring Down Bitcoin or Change it Forever

May 1, 2013 - 06:59 -- Admin

Bitcoin is currently being used as a publishing system due to a design feature/flaw.   That flaw threatens the viability of Bitcoin as a currency.

How so?  

Some folks have expoited that feature/flaw to publish Wikileaks cables and pedophile porn links in bitcoin's blockchain.  

Of course, that's a problem.  It may attact some aggressive behavior from governments, well before it reaches a maturation.  

#Bitcoin as a Publishing System: From Wikileaks to Pedophile Links

April 30, 2013 - 04:13 -- Admin

Bitcoin is an open source software system.  That means nobody owns it.

Up until now, it's been used as a decentralized currency system.

Why?  

Bitcoin makes it possible to make non-reversible decentralized transactions on a global scale.  

It's visibility as a currency has been good for bitcoin.  Speculation has driven up the price of bitcoin to a market cap over $1 billion.  

OPEN SOURCE WARFARE never goes away

April 20, 2013 - 00:39 -- Admin

Boston is a reminder that:  Open source warfare doesn't ever go away.  

It can be revived with a terrible suddenness, as we saw at the Boston Marathon.  

The grievances and motivations  for attacks never die.  They can always find a corner of the Web to fester and grow, in groups too tiny to ever control.