On 2011-06-14 2:19 PM, Steven Bellovin wrote:
In my opinion, the post you were replying to is worse than impolite; it's racist crap that -- apart from being factually incorrect -- is utterly irrelevant to anything even vaguely connected to this list.
The question is, should we rely on cryptographic enforcement transactions, in which case bitcoin or something like it is a good idea, or state enforcement of transactions, in which case it is a bad idea.
The character of the transactions enforced by the state indicates that something like bitcoin is a good idea.
I am pretty sure that you would find any accurate depiction of those transactions racist and offensive. Indeed, the reason people find it strangely difficult to accurately report what happened is because race was absolutely central to what happened. The US government is throwing money at voter blocks defined by race, destroying the financial system in the process. In other countries, the government is also using the banks to throw money at voter blocks, but for the most part not racially defined voter blocks.
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