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From: prabhat <prabhatkr@gmail.com>
Date: Thu, 27 Aug 2015 19:09:40 +0530
Message-ID: <CALoZ_LF_2pbczmHm5ZGc4=ffDqTmcoAYZzkFTUUV9a05q6wTfQ@mail.gmail.com>
To: Gavin Andresen <gavinandresen@gmail.com>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIPS proposal for implementing AML-KYC in bitcoin
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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
>

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<div dir=3D"ltr"><div dir=3D"ltr" style=3D"font-size:12.8000001907349px">Fi=
ne point.<div><br></div><div>So where is the solution? What to do?</div></d=
iv><div class=3D"gmail_extra" style=3D"font-size:12.8000001907349px"><br cl=
ear=3D"all"><div>Prabhat Kumar Singh</div></div></div><div class=3D"gmail_e=
xtra"><br clear=3D"all"><div><div class=3D"gmail_signature">Prabhat Kumar S=
ingh<br><br></div></div>
<br><div class=3D"gmail_quote">On Thu, Aug 27, 2015 at 6:58 PM, Gavin Andre=
sen <span dir=3D"ltr">&lt;<a href=3D"mailto:gavinandresen@gmail.com" target=
=3D"_blank">gavinandresen@gmail.com</a>&gt;</span> wrote:<br><blockquote cl=
ass=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;p=
adding-left:1ex"><div dir=3D"ltr">Have you talked with anybody at the Bitco=
in Foundation about this proposal?<div><br></div><div>As Chief Scientist of=
 the Foundation, I am strongly opposed to any proposal that puts the Founda=
tion in a position of centralized authority, so this is unacceptable: &quot=
;The Bitcoin Foundation will act as fair play party and enforcement body to=
 control the misuse of vast financial powers which bitcoin has.&quot;</div>=
<div><br></div><div>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) an=
d we see commercial organizations that SHOULD be highly motivated to do a g=
ood job also fail (e.g. the Ashley Madison leak).</div><div><br></div><div>=
Even if it were technically possible, I would be opposed because decentrali=
zation is a bedrock principle of Bitcoin.</div><span class=3D"HOEnZb"><font=
 color=3D"#888888"><div class=3D"gmail_extra"><div><br></div>-- <br><div>--=
<br>Gavin Andresen<br></div>
</div></font></span></div>
</blockquote></div><br></div>

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