Topic: EFF to start taking BTC (Read 1437 times)
I'm pissed. I gave them a lot last time and they gave out it in the faucet. They aren't getting any more from me. Trust is gone. Screw them. They're even talking shit.
Quote from: https://www.eff.org
A full discussion of the strengths and weaknesses of the Bitcoin design will have to wait for a future blog post, but we note here that Bitcoin is very often not anonymous in the ways users might believe or expect, because (for instance) the network doesn't actively conceal the IP addresses from which transactions were initiated; its expenditure of large amounts of computational resources may turn out to be unnecessary; and its monetary policy is controversial and arguably designed to incentivize adoption and holding of the currency, rather than maximizing valuable economic transactions. The fact that Bitcoin is subject to criticism should not be surprising; it would have been much more surprising if the first widely used cryptographic currency had been perfect, and very active research continues on ways of improving Bitcoin or creating new crypto-currencies with other properties.
Any thoughts on this?
They're all valid points to one degree or another. There are guys working on the anonymity issue -- which may be a red line for governments and lead to the two tier Btc approach that is being bandied about. The energy expense really needs to be compared to what any other electronic funds processor spends to move money about the planet -- I don't have a strong or informed opinion here. The economic criticisms may be right or wrong. It's not like economists have a monopoly on revealed wisdom here so I think this one doesn't have a clear cut answer.
Quote from: https://www.eff.org
A full discussion of the strengths and weaknesses of the Bitcoin design will have to wait for a future blog post, but we note here that Bitcoin is very often not anonymous in the ways users might believe or expect, because (for instance) the network doesn't actively conceal the IP addresses from which transactions were initiated; its expenditure of large amounts of computational resources may turn out to be unnecessary; and its monetary policy is controversial and arguably designed to incentivize adoption and holding of the currency, rather than maximizing valuable economic transactions. The fact that Bitcoin is subject to criticism should not be surprising; it would have been much more surprising if the first widely used cryptographic currency had been perfect, and very active research continues on ways of improving Bitcoin or creating new crypto-currencies with other properties.
Any thoughts on this?
Finally!
Took long enough.
Great news for Bitcoin.
And for EFF as well, cause they will receive more donations because of this.
And for EFF as well, cause they will receive more donations because of this.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
I have mixed emotions. I love eff but I hate that they quit us last year.
Probably a kneejerk reaction to all the anarchist agenda spread around Bitcoin at the time. Despite what bitcoin cultists would have you believe, legitimization of Bitcoin helps it grow.
Great news! Not sure why they ever stopped tbh.
I have mixed emotions. I love eff but I hate that they quit us last year.
They sound like they are accepting it, but want nothing to do with them.
Finally.
About time. 
EXCELLENT
Deja Vu!
Jump to: