Douglas_Knight 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: SilasBarta 03 March 2011 05:07:48PM 2 points [-]

EFF accepts donations in Bitcoin, so their lawyers must have decided that it's not clearly illegal or bad PR.

I'm not sure that follows. What's more, if people generally use that reasoning, and EFF is wrong (or lacked due diligence in such an estimation), then people will now be able to cite both SIAI's and EFF's actions when using such reasoning.

And then you have an information cascade, where everyone believes Bitcoin "must be okay", all based on an expert judgment that never existed.

Have any other cryptography experts published critiques of Bitcoin? I'd contribute to a fund to get Bruce Schneier to spend more time on this.

Comment author: Douglas_Knight 18 March 2011 03:37:44AM 1 point [-]

There is very little more to being legal than an information cascade.

Comment author: SilasBarta 18 March 2011 02:43:47PM 2 points [-]

Sure, as long as it becomes expansive enough. My concern is if it cascades the geek community while still seeming weird and criminal to the rest of the world.