Bitcoin ___ Argument: Team Tutolo

Team Leader: Adam Tutolo:

Members: Taylor Brody, Kirsten Smith, Joe Passalacqua

Our Thesis:

Our Argument:

Advertisements

About davidbdale

Inventor of and sole practitioner of 299-word Very Short Novels. www.davidbdale.wordpress.com
This entry was posted in Adam Tutolo, Bitcoin Arguments. Bookmark the permalink.

2 Responses to Bitcoin ___ Argument: Team Tutolo

  1. adamtwths says:

    members: Adam Tutolo, Taylor Brody, Kirsten Smith, Joe Passalacqua

    Our Thesis: Despite the positive efficiency of Bitcoin, the purchasing of drugs and illegal products on “Silk Road,” an online black market, is too common to ignore, and Bitcoin needs to be regulated to a point where it can be effectively monitored to avoid the purchasing of illegal products.

    Our Argument: Bitcoin is a virtually untraceable currency; the online drug industry thrives by using Bitcoin as payment because no one can see what was exchanged. The “Tor” Network, an anonymous browser, changes a Bitcoin user’s IP Address every couple of minutes or so, avoiding detection by online tracking programs used by law enforcement and government agencies. This is a powerful tool that the drug industry now possesses, and if it goes unchecked, underground drug sales will go through the roof, bypassing law enforcement itself. Bitcoin has also found its way into other countries, because it it can be exchanged just as real currency can be exchanged. This could allow for the spreading of drugs in other countries without government detection.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s