I agree about the aggregation of credit card numbers and phone numbers, but he's creating a honeypot for hackers.  He is creating a bigger issue for the business imo.  

As users, it doesn't mean that we can trust these measures either because how do we know governments are not given a pass?  Inevitably, they will be excluded from these measures if fiat is used.  

The only transparent method of creating a cost for account creation is by using bitcoin.  

Bitcoin CyberDome? got the tl;dr?


guyfawkes

bitcoin

Bitcoin's use case just got so much more interesting

I think his goal is to link a valid phone number or credit card number to the account - it's not about sending fiat, it's about finding 1,000 accounts using the same credit card number, for example, and flagging those accounts as potential bots.

I mean.. if you ask me you'd just have to pay in bitcoin to setup an account.

After reading SoftWar I can't wait for this Bitcoin CyberDome concept to take off.  Elon seems so close to the solution... but, I agree with you, fiat wouldn't be the answer.