Is Bitcoin the NSA's way of crowdsourcing encrypted data?Submitted by anon1972 on Thu, 04/04/2013 - 22:38
Help me understand bitcoin. I'm admittedly new to bitcoin but, as I understand it, bitcoins are "mined" by applying computational resources to solve a problem. But what problem?
We know the government needs a way to effectively decrypt data. What better way to do it than crowdsourcing? The bitcoin miner (you and I) purchase the computer to mine and the power to run the computer.
This could be the perfect way for the NSA or CIA to get you to pay to solve their "problem."
Look, I'm not convinced this is the case - I don't fully grasp bitcoin. But, is this at least plausible?