"I'll give you my dat file when you pry it from my cold, dead hands"
Unacceptable
Unacceptable
No need for a dar file. They hard fork Bitcoin and criminalize any other coin and any other version of bitcoin.
With ZERO exchanges and zero businesses taking your old bitcoins it will become worthless. Also, since its all virtual they can probably plan ahead and infect everyone wallets and when they pass the law they'll automate locally delete your coins. There's a lot of ways to do it and you can be sure the fed will never get out of the business of printing money, virtual or otherwise.
I don't think you understand how bitcoin actually works. It's not that simple. Having 51% of the network doesn't mean you can do 'whatever you want', you still can't transfer money out of wallets you don't have the keys too.
I understand how bitcoin works and to make things simple just look at what Thailand just did: they criminalized Bitcoin. End of story.
No they didn't. That story was completely false. And even if they did, so what? It wouldn't prevent anyone from using bitcoin, it would just be illegal. Making something illegal doesn't cause it to cease to exist.
Bitcoin is different then gold in that it's just data, and bitcoin wallets can be stored on any computer. The word "crypto" means hidden. You might be able to hide a bar or two of gold, but you can't hide a mountain of it. A million dollars worth of BTC can be stored on a USB stick or memory card. Or a printed QR code. The amount of data needed is so small you could memorize it
The government can pass all the laws it wants. It can't change mathematics.
+1,very simple & good "explanation"
There are only 2 things ANYONE can control,exchanges & pools.Everything else can still continue as it is,unless as stated they try 51%'ing,highly doubt they would take the effort & money to do this........
I wonder if pool mining can be done through something like TOR
