Pavitra comments on Singularity Institute now accepts donations via Bitcoin - Less Wrong

14 Post author: Kevin 28 February 2011 04:03PM

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Comment author: John_Maxwell_IV 06 March 2011 10:33:49AM 2 points [-]

Bitcoin is designed specifically so there is no central agency to prosecute. So who would the government go after aside from the users?

Furthermore, if SIAI is involved with Bitcoin and Bitcoin undergoes some sort of legal investigation, I speculate SIAI might as well just because the FBI thought that they looked interesting. This feels like it would be a Bad Thing.

Comment author: Pavitra 06 March 2011 06:48:35PM 2 points [-]

I'd guess they would go after a few particularly high-volume, high-profit, high-profile traders like Mt. Gox, because this is the basic strategy used against Bittorrent.