The NSA Worked to "Track Down" Bitcoin Users, Snowden Documents Reveal
Internet paranoiacs drawn to Bitcoin have long indulged fantasies of American spies subverting the booming, controversial digital currency. Increasingly popular among get-rich-quick speculators, Bitcoin started out as a high-minded project to make financial transactions public and mathematically verifiable - while also offering discretion. Governments, with a vested interest in controlling how money moves, would, some of Bitcoin's fierce advocates believed, naturally try and thwart the coming techno-libertarian financial order.
It turns out the conspiracy theorists were onto something.
Archived: https://archive.fo/z5zzo
(Score: 2) by JoeMerchant on Tuesday March 27 2018, @01:12PM (2 children)
You are coming very close to describing HFT in stocks as well...
There are effective brakes on the speed with which most individuals can move money, the number of people who can move a million dollars twice in an hour is very small (1m US citizens) start trading large volumes of bitcoin for other things quickly, I'd expect the brakes to be applied there, too.
🌻🌻 [google.com]
(Score: 1) by khallow on Tuesday March 27 2018, @07:17PM (1 child)
(Score: 2) by FatPhil on Wednesday March 28 2018, @08:08AM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves