Bitcoin Wallets as Swiss Bank Accounts: The Developer’s Perspective

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Bitcoin was clearly dragged into a really open discuss on remoteness and encryption recently. Specifically, President Barack Obama warned that if a supervision can’t entrance phones, “…everybody is walking around with a Swiss bank comment in their pocket,” that seemed to impute to cryptocurrency.

Last week, Bitcoin Magazinereported on Bitcoin’s attention member and their positions on encryption, privacy, Bitcoin’s purpose in taxation semblance and income laundering and more. In partial dual of a coverage: What do a tangible builders of these pocket-sized “Swiss bank accounts” think?

Bitcoin Magazine reached out to Electrum developer Thomas Voegtlin, Breadwallet CEO Aaron Voisine, Mycelium developer Leo Wandersleb and Ledger CTO Nicolas Bacca to see where they stand.


The discuss on encryption and remoteness caused by a ongoing brawl between Apple and a FBI took a pointy spin this week. The United States Department of Justice had prolonged claimed it was incompetent to entrance encrypted iPhones though assistance from Apple, though this incited out not to be true.

Although a Department of Justice did not explain how they got entrance to a phone, a Bitcoin wallet developers Bitcoin Magazine spoke to were not astounded that they could.


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