[4551] in Privacy_Forum
[ PRIVACY Forum ] Give Me All Your Bitcoins - How can we stop Bitcoin
daemon@ATHENA.MIT.EDU (PRIVACY Forum mailing list)
Tue Feb 4 14:38:00 2014
Date: Tue, 4 Feb 2014 11:11:09 -0800
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Give Me All Your Bitcoins - How can we stop Bitcoin scams?
http://j.mp/1kNesoC (Slate)
The rise of cryptocurrencies could dramatically change which actors
have the power to stop cybercriminals, even as they commit the same
age-old offenses. For instance, the FBI report identifies "third-party
Bitcoin services," or businesses that exchange Bitcoins for
traditional currency, as important players in this new defensive
landscape since they may "require customers to submit valid
identification or bank information to complete transactions." But it
remains to be seen how effective these services will prove at
providing the security services that, for better or for worse, we have
come to rely so heavily on banks and credit card companies to provide.
If cryptocurrencies like Bitcoin become increasingly mainstream, for
instance, and criminals have correspondingly less need to exchange
them for traditional currencies, then these exchange services will
lose their power to interfere with criminal activity.
- - -
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Founder:
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- PRIVACY Forum: http://www.vortex.com/privacy-info
Member: ACM Committee on Computers and Public Policy
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