We all know the government is actively watching bitcoin emerge as a legitimate currency source. I'm sure they are in talks about it behind closed doors. Which we would know to lead to think tanks about regulation. What if the government was planning to mine a large portion of the coin themselves. Im not talking about buying a room full of 6th miners. Im talking about them using something like these NSA datacenters. Building their own high tech hardware that would put our best miners to shame. Would it be possible for the government to miner a large enough portion of the wealth that they would hold controlling interest?
Yes, definitely. They'd just need to develop fast enough ASICs or buy them in bulk. It'd be not that expensive as you'd might think, although I can't provide any concrete numbers now. If they suddenly had 90% of the network, bitcoin would become worthless. They could afford that, they're the freaking US government!