Re: [bitcoin-dev] BIPS proposal for implementing AML-KYC in bitcoin

[prabhat <prabhatkr@gmail.com>]

[-- Attachment #1: Type: text/plain, Size: 1069 bytes --]

Fine point.

So where is the solution? What to do?

Prabhat Kumar Singh

Prabhat Kumar Singh


On Thu, Aug 27, 2015 at 6:58 PM, Gavin Andresen <gavinandresen@gmail.com>
wrote:

> Have you talked with anybody at the Bitcoin Foundation about this proposal?
>
> As Chief Scientist of the Foundation, I am strongly opposed to any
> proposal that puts the Foundation in a position of centralized authority,
> so this is unacceptable: "The Bitcoin Foundation will act as fair play
> party and enforcement body to control the misuse of vast financial powers
> which bitcoin has."
>
> The idea that a central organization can be trusted to keep secrets secure
> is just fundamentally wrong. In the very recent past we have seen
> government organizations fail in that task (the NSA, the OPM) and we see
> commercial organizations that SHOULD be highly motivated to do a good job
> also fail (e.g. the Ashley Madison leak).
>
> Even if it were technically possible, I would be opposed because
> decentralization is a bedrock principle of Bitcoin.
>
> --
> --
> Gavin Andresen
>

[-- Attachment #2: Type: text/html, Size: 1802 bytes --]