tag:blogger.com,1999:blog-3758330678390419129.post5967080319774787172..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Is Bitcoin "Creator" Satoshi Nakamoto an NSA Agent?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-8749120060470431142014-11-30T13:20:39.182-05:002014-11-30T13:20:39.182-05:00The computer science breakthrough seems too signif...The computer science breakthrough seems too significant for a honey pot. I don't think the NSA is this subtle or forward thinking. Even if the NSA owns the crypto primitives currently used in Bitcoin, the idea could easily be forked into a system with tools they don't own. The unintended consequences of this 'honeypot' would be massive... governments never do that. Ummmm, wait a JorjXMcKiehttps://www.blogger.com/profile/15616966140029613107noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15703314022616094832014-11-26T05:12:01.457-05:002014-11-26T05:12:01.457-05:00No, the paper "dollar" never had a use v...No, the paper "dollar" never had a use value; Which is why, even when it was backed by gold it wasn't money - rather, it was an IOU *for* money. Money being commodities such as gold and silver.<br /><br />The fact that paper is being used as if it were money doesn't prove that it is money, either.<br /><br />First of all, paper was forced on people:<br /><br />A History of Gold Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88721993443554556932014-11-25T13:10:41.235-05:002014-11-25T13:10:41.235-05:00Oh, and a "dollar" or "yen" or...Oh, and a "dollar" or "yen" or "Euro" has a use-value? And a single initial transaction, mainly to show feasibility, determines current exchange value of bitcoins? I'm tempted to call this sort of argument "vulgar Austrian", but at best it is a parroting of Austrian ideas that do not go where Anonymous wants them to take them.Scott Ohttps://www.blogger.com/profile/00270655527655803743noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25627387128372620352014-11-25T10:43:16.069-05:002014-11-25T10:43:16.069-05:00In computer security, there is a concept of a &quo...In computer security, there is a concept of a "honeypot." The honeypot lures and viruses onto its machine, so that they can be trapped, quarantined and discovered. Perhaps bitcoin is a kind of honeypot used by the government to catch people they deem lawless. I have no evidence for this. Just a hypothesis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54562804171039577042014-11-25T00:43:12.106-05:002014-11-25T00:43:12.106-05:00No, it wouldn't preclude bitcoins becoming mon...No, it wouldn't preclude bitcoins becoming money if the NSA was behind it all along.<br /><br />What precludes bitcoins from becoming money is that it has no use-value, and therefore is not capable of communicating information about the subjective values people have for those means which they employ in the satisfaction of their preferences.<br /><br />In short: It doesn't mean anything toAnonymousnoreply@blogger.com