{"id":9898,"date":"2017-06-13T17:36:38","date_gmt":"2017-06-13T22:36:38","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=9898"},"modified":"2017-06-13T17:36:38","modified_gmt":"2017-06-13T22:36:38","slug":"is-it-a-unique-taint","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2017\/06\/13\/is-it-a-unique-taint\/","title":{"rendered":"Is It A Unique Taint?"},"content":{"rendered":"

Lawfare <\/b><\/i>bought <\/a>a bitcoin <\/a>a few years ago, and just recently sold it. Paul Rosenzweig comments on the experience, and some tentative conclusions:<\/p>\n

To this one must add another factor (one that does sound somewhat in the tone of national security).\u00a0 Bitcoin has also become increasingly useful in Dark Web transactions.\u00a0 The recent flood of ransomware attacks (of which WannaCry is only the most recent and the most infamous<\/a>) would have been impossible without Bitcoin as a means of anonymous payment.\u00a0 This too contributes to the demand for Bitcoin and, likely, the run-up in value.<\/p>\n

It also, however, gives one pause and strikes a note of caution about the future of Bitcoin.\u00a0 One has the anecdotal impression that malignant uses of Bitcoin are outstripping in frequency its use for benevolent purposes.\u00a0 If that anecdotal suspicion is borne out factually, then the time of government\u2019s hands-off approach to Bitcoin may soon come to an end.<\/p>\n

One can imagine any number of responses.\u00a0 The most benign would be stringent regulation.\u00a0 More severe might be de-legalization.\u00a0 In extreme need, one can even imagine governments investing in the technical capability of destroying bitcoin as a currency by attacking the blockchain.\u00a0 If these suppositions are correct, then bitcoin may well have reached its peak value and our decision to sell will have proven prescient.\u00a0 Or not \u2026. We may be missing the boat here, but for now our experiment is over.<\/p><\/blockquote>\n

I wonder how it compares to cash in terms of untraceability.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lawfare bought a bitcoin a few years ago, and just recently sold it. Paul Rosenzweig comments on the experience, and some tentative conclusions: To this one must add another factor (one that does sound somewhat in the tone of national security).\u00a0 Bitcoin has also become increasingly useful in Dark Web \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9898","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/9898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=9898"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/9898\/revisions"}],"predecessor-version":[{"id":9899,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/9898\/revisions\/9899"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=9898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=9898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=9898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}