The Catch-22 Of Legal Enforcement of Crypto-Currency Hacking

The other day, I was discussing crypto-currencies with an acquaintance at our local Starbucks, and he let me know he was working with a couple of entrepreneurs who'd previously been academic experts in IT Security. Of course, for crypto-currencies it is all about safe transfer of the data, and the trust in the intrinsic value of those one's and zero's, or Q-bits. Perhaps, I might take a look at their business plan, although these digital currencies have had some bumps in the road to the future I am sure will be the future norm - that's the way the world is headed it appears.

Does this mean we will have a distributive currency like distributive energy on the smart grid, or distributive information like the Internet? Well, humans usually do what works and there is both good and bad with centralization and with a distributive redundancy strategy.

Now then, what's the latest you ask? Well, there are two articles I read not more than an hour after that meeting, as I was cruising through the information, I'd previously saved to write on this topic later; Marginally Useful - Bitcoin itself may fail as a currency, but the underlying technology is beginning to suggest valuable new applications," by Paul Ford (February 18, 2014) and mind you this article was written just days before the Bitcoin theft from one of their top exchanges.

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