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RE: Is bitcoin and all other digital currencies threatened by the US handing over the internet to 'private' hands?

in #bitcoin8 years ago

I don't see why the US should turn over anything. Please don't screw up the internet. Keep government out of the internet as much as possible.

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The government IS running it right now. What they are doing is making it private:

"What is actually being transferred is the Internet Assigned Numbers Authority (IANA), an organisation dating back to the days of Arpanet.

IANA is responsible for the root nameservers and time zone database. The rest has been ICANN for ages anyway. And even IANA is run by ICANN under contract.

So when you untangle this, what's actually happening is that the US government is removing the contract element to IANA and giving it to ICANN which, although US-based, is geographically neutral. It just has to be based somewhere."
http://www.theinquirer.net/inquirer/news/2468307/us-confirms-it-will-hand-over-control-of-dns-to-icann-from-october

I really wish people would try and understand things before just making knee-jerk, ideological responses to posts.

Just sayin'