Topic: china may fuckup bitcoin after russia - page 2. (Read 2621 times)
bitcoin is semi banned in china... yet i see many chinese exchanges with massive volumes...
You are both idiots. Coming from me that's really saying something!
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
No they will not attempt to "51%" the bitcoin network. They seem to be making it difficult to talk and learn about bitcoin (as of now). They will likely attempt to block the use of bitcoin in the future either via the GFW or via regulation.
^ There are solutions for the 51% attack situation. When the fix needs to be implimented it will be. (A nameless bitcoin dev) and others have had the solution ready for awhile now. The whole 51% thing just makes good press, it's all about fear, thats why you never hear that it would be noticed immediately and the fix would shut it down almost immediately making all the attackers blocks invalid.
Note: The News Media pumps you full of fear, there's floods, there's disease, there's racism, there's murder, cut to commercial, buy the Acura, buy the Colgate, if you have bad breath people are not going to talk to you, if you have pimples, the girl's are not going to f@#k you, and it's all a campaign of fear, and consumption, that's what the News Media is based on, the whole idea of 'keep everyone afraid and they'll consume'.
* As a miner my only worries are with the "Arms Race" between the Asic Manufacturers which is not hyped-up fear, it's a fact.
eleuthria: "The future of Bitcoin mining will likely end up in a Cold War/Mutually Assured Destruction type arms race between a handful of ASIC manufacturers....The entire system functions based off a zero-sum game of chance.....I just hope we end up with enough players in the game to prevent full consolidation of mining power".
ckolivas: "Yes. I've written new pool software now, but that can't save the home miners....The economies of scale are what's killing home miners. It's no longer about software and protocols".
Note: The News Media pumps you full of fear, there's floods, there's disease, there's racism, there's murder, cut to commercial, buy the Acura, buy the Colgate, if you have bad breath people are not going to talk to you, if you have pimples, the girl's are not going to f@#k you, and it's all a campaign of fear, and consumption, that's what the News Media is based on, the whole idea of 'keep everyone afraid and they'll consume'.
* As a miner my only worries are with the "Arms Race" between the Asic Manufacturers which is not hyped-up fear, it's a fact.
eleuthria: "The future of Bitcoin mining will likely end up in a Cold War/Mutually Assured Destruction type arms race between a handful of ASIC manufacturers....The entire system functions based off a zero-sum game of chance.....I just hope we end up with enough players in the game to prevent full consolidation of mining power".
ckolivas: "Yes. I've written new pool software now, but that can't save the home miners....The economies of scale are what's killing home miners. It's no longer about software and protocols".
China is a communist state as Russia before. Their communist gov is evil, and have killed millions of people and destroyed culture. They hate any freedom and human right.
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
If they BAN it, why they would then spend electricity to try to destroy it? IS better if they do 51 attack and steal some BTC and adopt BTC and spend them. But they dont need that they just print CYN.
@franky 1
That's right, when the government creates regulations against the bitcoin system that the people are already adapting to, those regulations will actually make the people resist and revolt against the old money system even harder. This also creates more people learning about bitcoin and not wanting the old money system either, so the government will eventually have to give in because they can't destroy the blockchain so they can't stop the people.
That's right, when the government creates regulations against the bitcoin system that the people are already adapting to, those regulations will actually make the people resist and revolt against the old money system even harder. This also creates more people learning about bitcoin and not wanting the old money system either, so the government will eventually have to give in because they can't destroy the blockchain so they can't stop the people.
they can ban websites and close down businesses but they cant destroy the blockchain.
just like in the 1930's they can prohibit alcohol, but they cant stop people physically drinking it
there will always be a way for people to continue doing what they are doing. once governments realise all the attempts to prohibit bitcoin, wont break it. they will give in.
just like in the 1930's they can prohibit alcohol, but they cant stop people physically drinking it
there will always be a way for people to continue doing what they are doing. once governments realise all the attempts to prohibit bitcoin, wont break it. they will give in.
Well...the thing is....they have already done that...
my buddy has the same theory. I thought it was a little crazy at first but you may be right.
China is a communist state as Russia before. Their communist gov is evil, and have killed millions of people and destroyed culture. They hate any freedom and human right.
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
Jump to: