Dan Kaminsky:

The internet’s proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to Money.

There’s an old comment that the internet interprets censorship as damage and routes around it. Sure, we’ve routed money over the internet for a while now, but those flows have always been managed, moderated, regulated by some vestige of authority.

Bitcoin’s about as friendly to this sort of regulation as the rest of the internet is — not very. To put it another way: Bitcoin’s a dollar bill, with a teleporter built in. We can just poke in a few coordinates and poof, off it goes, with the ease of posting to some forum somewhere. That’s somewhat new.

Great read.

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