Bitcoin Foundation Comments on the Shutdown of Silk Road
By Jinyoung Lee Englund
Bitcoin Foundation
Friday, October 4, 2013
https://bitcoinfoundation.org/blog/?p=277
We received several requests to comment on the shutdown of Silk Road.
First and foremost, it is important to note that the sanctity of the
Bitcoin protocol remains intact and it was not a weakness of the core
protocol that led to the apprehension of Mr. Ulbricht. Although Bitcoin
is not anonymous by default, Bitcoin addresses were not a factor in
solving the case.
investigative methodologies being needed and without having to get into
changing the nature of the Bitcoin protocol,” Bitcoin Foundation General
Counsel Patrick Murck said. “They caught him the same way they would
catch somebody using cash.”
This is good for the Bitcoin economy in general and the reputation in
specific because it proves that Bitcoins are in and of themselves a
neutral store of value or medium of exchange and that privacy does not
necessarily have to be compromised for law enforcement purposes.
Bitcoin’s principal attributes of irreversibility and user-defined
privacy continue to provide benefits for bitcoin users globally. The
Bitcoin Foundation would like to reaffirm that financial privacy sits on
a sliding scale expressed differently by different individuals.
However, within the Bitcoin transaction network, the specific level of
that privacy is determined, managed, and set by the user.
of themselves and have known legitimate uses.” (DOJ Filing Section 21,
Subsection v)
Here is the U.S. Department of Justice filing link: http://www.scribd.com/doc/172766650/Criminal-Complaint-Against-Alleged-Silk-Road-Proprietor-Ross-William-Ulbricht
Silk Road seized assets on the bitcoin block chain: https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
https://en.bitcoin.it/wiki/Anonymity
AT THE INTERSECTION OF FREE BANKING, CRYPTOGRAPHY, AND DIGITAL CURRENCY
Source: http://themonetaryfuture.blogspot.com/2013/10/bitcoin-foundation-comments-on-shutdown.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper -
Bioavailable Copper
destroys
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans
out
toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification,
mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter
radiation by 96%! (See Video)
Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.
| Online: | |
| Visits: | 1,277,090,415 |
| Stories: | 7,534,306 |
Whistler Blowers, Insiders
