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Date: Thu, 27 Aug 2015 09:28:29 -0400
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From: Gavin Andresen <gavinandresen@gmail.com>
To: prabhat <prabhatkr@gmail.com>
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Subject: Re: [bitcoin-dev] BIPS proposal for implementing AML-KYC in bitcoin
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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
--089e013d1dea5baa28051e4af12c
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">Have you talked with anybody at the Bitcoin Foundation abo=
ut this proposal?<div><br></div><div>As Chief Scientist of the Foundation, =
I am strongly opposed to any proposal that puts the Foundation in a positio=
n of centralized authority, so this is unacceptable: "The Bitcoin Foun=
dation will act as fair play party and enforcement body to control the misu=
se of vast financial powers which bitcoin has."</div><div><br></div><d=
iv>The idea that a central organization can be trusted to keep secrets secu=
re is just fundamentally wrong. In the very recent past we have seen govern=
ment organizations fail in that task (the NSA, the OPM) and we see commerci=
al organizations that SHOULD be highly motivated to do a good job also fail=
(e.g. the Ashley Madison leak).</div><div><br></div><div>Even if it were t=
echnically possible, I would be opposed because decentralization is a bedro=
ck principle of Bitcoin.</div><div class=3D"gmail_extra"><div><br></div>-- =
<br><div class=3D"gmail_signature">--<br>Gavin Andresen<br></div>
</div></div>
--089e013d1dea5baa28051e4af12c--
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