What Apple’s Privacy Fight Means For Bitcoin

When it comes to writing opinion pieces, conventional wisdom demands that I take a side in any argument – the more extreme, the better. However, there are times when the issues are too complex to take one side clearly over the other. That holds true, for example, when it comes to the question of the anonymous nature of Bitcoin and to what extent, if any, that should be sacrificed for public safety and security.

Before the ideologically pure commence an assault on me in the comment section, allow me to explain why that is so. I lost a much loved family member in the 9/11 attack on the World Trade Center and my oldest son is currently on deployment with the U.S. Army in the Middle East. As much as I intellectually understand the argument that the right to privacy is absolute, from a real life perspective, the argument that defeating terrorism and crime is of paramount importance to me. Despite that, though, on balance I would still side with privacy protection in the digital sphere.

As I said, I have more reasons than most to place security first, but it seems to me that compromising the security of our digital records, and even

Read more ... source: TheBitcoinNews