http://armstrongeconomics.com/2013/03/29/cyprus-confiscation-of-assets-is-global-plan/I fail to see where even Bitcoin creates some alternative for they can confiscate whatever they want at any time.
Not exactly correct.
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Even if the government gains 51% attack capability, as long as we have numerous P2P currencies, then we can continue transacting.
The main threat comes if we only have one P2P currency
or if all P2P currencies have the same attack vector (e.g. merged-mining) and same kind of Proof-of-Work. Or the government amasses significant mining share and then gives it away free, thus bankrupting all the miners (in Bitcoin and Litecoin which stop paying mining rewards from debasement eventually).
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Thanks AnonyMint as I see you here have quoted Martin Armstrong and clarified his lack of knowledge about bitcoin. Your thread here has accomplished a lot toward your goal of saving humanity I bet. Nice work.
I have bolded your points as to the short term survivability of the hash based crypto currencies. As mentioned, I think your point about "government amasses significant mining share" is the key waypoint ahead. ...I think this point could be made further by theorizing as to a couple key questions:
1: How cheap are GPUs, for the US government and/or NATO and/or BRICs nations?
2: How many humans does it take, to babysit and/or administrate a bunch of mining units? Assuming you have 1 million prisoners who can each babysit/administrate a cluster of 1000 GPUs (feasible, with hierarchical top-down oversight), that'd be 1 billion GPUs. So how many terahashes is 1 billion GPUs? Would it be enough to take 51% of the blockchain?
3: For the governments (NATO and/or BRICS), electricity costs nothing, because they can fob the cost onto taxpayers. As your posted video from Catherine Fitts explains, black pools of funds controlled by invisible silent interlocked corporate cartels, mean that taxpayers will fund the electrical costs, and never even know. +1 to the bad guys. ...Further, in full on Marxist countries, they could just build another dam like three gorges, and provide tons of free electricity --for themselves and their GPUs, not for the people (common miners).
4: Having explained the above situation, which makes your point, the further question would be, what forces could defeat such tyranny? We could maybe hope to get all the "gangs" on our side (the side of the bitcoiners and commoners) but on the issues of drugs and hookers, it is unlikely (as I explained) that the common people will be able to ditch their own religiousness and hypocrisy, and their root desire to adhere to the government as daddy. It is more likely that the gangs and commoners and all pro-drug freethinkers, will be far outnumbered by the State powers of BRIC and NATO, who are essentially religious organizations at their core. Jingoism among the plebes will be surprisingly powerful to the regular bitcoiners, as bitcoin itself is smeared and made to be synonymous with pedophilia and meth and heroin. Words, can be altered and used as weapons. Pedophilia, a greek term, means "to love children", for example, yet the term is used to describe the opposite; "to destroy children". So words can be used as weapons, and to imply the opposite. "Bitcoin" is also a new term (may as well be greek) such that the sheer mention of it in the future above, will be enough to bring very large pogroms to the neighborhood. Soon, just the mention of the word "bitcoin" will cause a pavlovian reaction in the Nationalists, such that it won't be hard to imagine large drugs-and-hooker-hating mobs hauling bitcoin miners out into the street, and burning them alive, in such scenarios.
..Indeed, the root of my posts to you on your very fine thread here, is that a prison-based society, needs prisoners, to be cheap, very cheap workers, who are as cheap and obedient, as say Indians or Chinese people. I think you are right, the alliances of BRIC and/or NATO, can use prisoners of war, or prisoners of municipal code, as a sufficiently cheap labor force to babysit/administrate thousands of GPUs, bought cheaply by taxpayers without their knowledge, and run cheaply on taxpayer funded electrical projects, like for example, a hydroelectric dam, which is easy to sell to the public who are jobless, whose sole goal is to work and get a wage, but who would be building an electrical source for the GPUs run by their own sons, who would be imprisoned once the dam is completed.
Hey, I hope it doesn't go this way, but you make some good points, and I do enjoy reading Martin Armstrong's work. I am just waiting for all the intellectuals to drop the bullshit and get to the real nightmarish scenarios. Perhaps Edward Bernays and Leo Strauss are right, and humans are just herd animals, who treasure their own hypocrisies. However, I feel that you and I agree, that these two men are wrong to underestimate humanity. Let's hope they are wrong, and that humans will be ready, as bitcoin is even at this very moment, shaking the Earth to its very core.
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