Do you want Governments to make 51% attacks illegal? - page 2.

LAMarcellus

full member

Activity: 180

Merit: 100

Quote from: Beef Supreme on April 29, 2014, 09:04:03 PM

What I really think of government should best be kept in between my ears.

Mother always says, if you don't have anything nice to say, then say nothing.

Then may your shackles rest lightly and posterity forget that you were a brother.
The way to deal with bullies, including governments bullies, it to show them their proper place. That proper place is not deep in our pockets, homes, lives, decisions, etc.
http://www.zerohedge.com/news/2014-04-29/quote-day-larry-summers-elizabeth-warren-insiders-dont-criticize-other-insiders

The emperor is wearing no clothes!!! And he's armed and dangerous to you and I. Was that mean to say? Perhaps those with gentle sensibilities and heads firmly in the sand would say yes. I say the emperor needs to be told he's going full retard.

Quit being a coward, Beef. My moms mom said the earth was flat. She was wrong.

Pente

hero member

Activity: 529

Merit: 527

Bitcoin needs to be strong enough to defend itself against any attack. We must not trust any government nor seek their help/protection.

If any attack suceeds, we must pick up the pieces, repair the damage, protect against future attacks, and move on.

mktrader

member

Activity: 84

Merit: 10

Hello World!!!

Bitcoin core developers need to take the lead and introduce measures in the code to preempt such an attack in first place.

Dannie

legendary

Activity: 910

Merit: 1000

Quote from: greenlion on April 29, 2014, 02:26:36 PM

There is already a pretty comprehensible legal framework in place for dealing with these kinds of situations. The "crime" in a 51% attack is not simply having the hashing power, it's in committing fraud against a victim. There is nothing necessarily special about a 51% attack with respect to existing laws concerning payment fraud.

Agree.
Having majority of hashrate is nothing wrong, but using it to reverse payments and scam others is a crime.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Nope I think the Governments have enough on their plates and they don't know where to begin. there has got to be a better option IMO.

Honeypot

sr. member

Activity: 420

Merit: 250

Now you run with your tails tucked in to the government?

Sad. If you really think the government is really concerned about a bunch of spoiled ass kids with delusions of grandeur as a threat, you are really pathetic. Look how that dumbass kid snowden is learning to stfu now with political situation laughing at his face.

Fuckin kids.

greenlion

hero member

Activity: 667

Merit: 500

Hashing is not a crime, payment fraud is. There are lots of existing statutes that cover those bases. Specifically legislating against 51% is a weird form of prior restraint on what is not actually a crime to begin with.

As for all this weird stuff about sociopaths and whatnot, I consider myself a Libertarian politically, but I have to admit I find that cringeworthy, as all that stuff misses the point just to have a big antigovernment circlejerk.

Beef Supreme

full member

Activity: 140

Merit: 100

Put your trust in MATH.

What I really think of government should best be kept in between my ears.

Mother always says, if you don't have anything nice to say, then say nothing.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: LAMarcellus on April 29, 2014, 08:13:40 PM

Let's try re-wording the question and maybe that will shed some light.

Do you want psychopathic individuals, with no real experience or significant contributions to offer, who just want to benefit at others expense, to declare with empty words and hot air that an activity completely within the scope of physics and natural law, is now an impermissible activity and that ultimately, they can kill us should we perform this forbidden act.

What could go wrong... Huh

I prefer the free market solution... once again.

Your quote would make a really fun 30 second TV ad.
This is an election year.

LAMarcellus

full member

Activity: 180

Merit: 100

Let's try re-wording the question and maybe that will shed some light.

Do you want psychopathic individuals, with no real experience or significant contributions to offer, who just want to benefit at others expense, to declare with empty words and hot air that an activity completely within the scope of physics and natural law, is now an impermissible activity and that ultimately, they can kill us should we perform this forbidden act.

What could go wrong... Huh

I prefer the free market solution... once again.

Soros Shorts

donator

Activity: 1617

Merit: 1012

I think it is fine if some governments were to rule that 51% attacks were illegal. However, I wouldn't want this if we had to give up some freedoms in exchange. For example, if the byproduct of all this legislation was additional regulation requiring me to declare and register all my addresses with the government, then I absolutely don't want it.

Malin Keshar

hero member

Activity: 616

Merit: 500

Bitcoin is already recognized as some kind of property passible of capital gains, so prob that can be dealable as a crime against the financial markets.

Btw: hack wallets and exchanges is clearly forbidden in all jurisdictions, but still happens and no one is being punished by doing that.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Initscri on April 29, 2014, 07:08:03 PM

Quote from: LostDutchman on April 29, 2014, 05:11:42 PM

Quote from: Initscri on April 29, 2014, 10:39:40 AM

Dos attacks are illegal in many places. They still happen.

From a libertarian view, no. It would maybe prevent some individuals, but to what extent?

A 51% "attack" is not a Dos attack.

It's only hitting a coin with tons of hashing power.

Nothing illegal about it.

NO.

My $.02.

Wink

My point was more or less that people can and will do it anyways. Dos attacks are illegal, but happen anyways. So even if 51% "attacks" are made illegal, they would still happen regardless.

Oh, I see!

I misunderstodd you!

You are 100% correct!

My $.02.

Wink

Initscri

hero member

Activity: 1582

Merit: 759

Quote from: LostDutchman on April 29, 2014, 05:11:42 PM

Quote from: Initscri on April 29, 2014, 10:39:40 AM

Dos attacks are illegal in many places. They still happen.

From a libertarian view, no. It would maybe prevent some individuals, but to what extent?

A 51% "attack" is not a Dos attack.

It's only hitting a coin with tons of hashing power.

Nothing illegal about it.

NO.

My $.02.

Wink

My point was more or less that people can and will do it anyways. Dos attacks are illegal, but happen anyways. So even if 51% "attacks" are made illegal, they would still happen regardless.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Initscri on April 29, 2014, 10:39:40 AM

Dos attacks are illegal in many places. They still happen.

From a libertarian view, no. It would maybe prevent some individuals, but to what extent?

A 51% "attack" is not a Dos attack.

It's only hitting a coin with tons of hashing power.

Nothing illegal about it.

NO.

My $.02.

Wink

Bitcoin Magazine

sr. member

Activity: 252

Merit: 250

Quote from: Bit_Happy on April 29, 2014, 10:36:21 AM

Do you want Governments to make 51% attacks illegal?
Is a 51% attack something that clearly violates the non-aggression principle?
I think the Libertarian answer = No = People are free to try, but we can attempt to discourage them.

What are your thoughts?

bitcoin should be self regulating, like PPCoin

vpitcher07

sr. member

Activity: 342

Merit: 250

Quote from: brian_23452 on April 29, 2014, 01:43:42 PM

Quote from: Meuh6879 on April 29, 2014, 01:12:19 PM

try to recover the debt first ... dude.
http://www.usdebtclock.org/

You know the US Federal government isn't the only government in the world, right?

Yeah but we like to think we are.

greenlion

hero member

Activity: 667

Merit: 500

There is already a pretty comprehensible legal framework in place for dealing with these kinds of situations. The "crime" in a 51% attack is not simply having the hashing power, it's in committing fraud against a victim. There is nothing necessarily special about a 51% attack with respect to existing laws concerning payment fraud.

brian_23452

sr. member

Activity: 350

Merit: 250

Quote from: Meuh6879 on April 29, 2014, 01:12:19 PM

try to recover the debt first ... dude.
http://www.usdebtclock.org/

You know the US Federal government isn't the only government in the world, right?

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Not exactly. There should be a division in the UN to combat a 51% attack just as any other threat to global security.

Topic: Do you want Governments to make 51% attacks illegal? - page 2. (Read 2288 times)