This makes no sense because:
1) If quantum computational power was available and was strong enough to crack SHA256 it would have leaked from the goverment already
2) If SHA256 was crackable the entire banking infrastructure would be at high risk, Bitcoin would be the least of their worries.
Topic: GOVERMENTS killing CRYPTO. Back to the drawing table SATOSHI NAKAMOTO. (Read 2460 times)
September 24, 2015, 11:23:23 AM
September 24, 2015, 10:10:52 AM
I'm going to assume you're trolling. 
I think that's a good guess. Possibly insane or "uneducated" otherwise. No proof. If the government wanted to destroy the network why wouldn't they just destroy it? It would not be expensive for them.
August 26, 2015, 10:34:25 PM
The government is stealing our money using quantum asics? What's next, hitler bursts out of the ground where his secret nazi army was hiding and takes over the world riding on the backs of dinosaurs that shoot lasers?
Why would they do that? They already got you (or your employer) to send money to them. They don't have to take anything as long as everyone is giving to them.
The only people they will actually steal from are those that are not voluntarily giving. But that's quite off-topic for this thread. Back to Hitler and his secret Nazi army bursting out of the ground riding laser shooting dinosaurs. I'd (almost) give my money to see that movie.
August 26, 2015, 10:30:33 PM
Real quantum computing (i.e. not D-Wave which is a scam) can't even count to 500 let alone do SHA256 hashing
You are missing the point it DOES NOT EVEN HAVE TO BE QUANTUM TECH... With Goverment resources especially they can build something x 1000 more efficient than normal consumer ASIC. Wich they will because it is no effort from CHINA or USA Goverment to do that. It's like another little test to QUASH this little thing called BITCOIN.
I find your faith in the competence of "government" quite endearing.
August 26, 2015, 09:38:15 PM
The government is stealing our money using quantum asics? What's next, hitler bursts out of the ground where his secret nazi army was hiding and takes over the world riding on the backs of dinosaurs that shoot lasers?
August 26, 2015, 09:36:04 PM
hello everyone....let me ask a question, directed to any bitcoin miner whom is available to read this...
what would you do if you had a computer worth 10 million dollars with a computational power like this one: "the D-Wave 2X quantum processor evaluates all 2^1000 possible solutions simultaneously", and let´s say...u want to use it for bitcoin mining....
after answering...think about the consequences of doing what you would do with the computer....¿what could the possible consequence(s) be?
thnk u
and by the way....this machine, is now available to whoever wants to buy it...can I post the link?
what would you do if you had a computer worth 10 million dollars with a computational power like this one: "the D-Wave 2X quantum processor evaluates all 2^1000 possible solutions simultaneously", and let´s say...u want to use it for bitcoin mining....
after answering...think about the consequences of doing what you would do with the computer....¿what could the possible consequence(s) be?
thnk u
and by the way....this machine, is now available to whoever wants to buy it...can I post the link? August 24, 2015, 06:29:35 PM
Bitcoin network Hashrate just keeps on going UP UP UP, BUT price keeps on going DOWN DOWN DOWN. This is not profitable for the miners by a longshot.
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
Isn't very logical at all. If governments want to kill bitcoin, the least efficient way is to mine bitcoin. Hashrate going up just increases difficulty and does nothing to the price. If quantum computers are available, they should be used to crack private keys, not mine.
August 24, 2015, 06:16:37 PM
I knew I should have bought stock in the largest tin foil producers. Hindsight..
August 24, 2015, 04:59:24 PM
NO. You seem to mistakenly confuse mining with the exchange market.
When someone has developed a more efficient way to mine, THE DIFFICULTY WILL RISE.
@ When someone has developed a more efficient way to mine, THE DIFFICULTY WILL RISE.
LOL NO. When someone has developed QUANTUM technology based ASICS they can MINE Bitcoin @ down to 1$ per Bitcoin and still make profit which means for a coverment especially they will want to push BTC price as down as possible for people to loose faith in it HELL THEY WILL EVEN STILL SELL ALL BTC WHEN they take loss just to make a point.
They can CRASH BTC down to it's roots. PEOPLE YOU GOTTA WAKE UP FKS you can't be this dump something needs to be done.
Just so you know. If the government or anyone actually created a working Quantum computer,
which would then be convertible into smaller chips, to eventually create Quantum ASICs,
then the game is over for everyone, world wide, for everything.
If Quantum Computers are developed and deployed, nothing is safe, not encryption, not physics, not anything.
It would be a new stage of human evolution. We would be able to do anything that we could imagine.
We would get computational answers from other realms.
We could figure out time travel, go to other dimensions, anything (possibly).
I don't think people will want to tank Bitcoin/bitcoin, when the whole world will be undone.
August 24, 2015, 04:46:42 PM
Real quantum computing (i.e. not D-Wave which is a scam) can't even count to 500 let alone do SHA256 hashing
You are missing the point it DOES NOT EVEN HAVE TO BE QUANTUM TECH... With Goverment resources especially they can build something x 1000 more efficient than normal consumer ASIC. Wich they will because it is no effort from CHINA or USA Goverment to do that. It's like another little test to QUASH this little thing called BITCOIN.
August 24, 2015, 04:43:37 PM
You obviously do not understand what holds the BTC price at the level it is.
Yes I do. Demand and supply. Currently, the demand is lower than the supply. Simple as that.Quote
Let me make it clear for you.
WHEN someone has developed a x 10 x 100 x 1000 x 1000000 more efficient way to mine
(which they haven't)WHEN someone has developed a x 10 x 100 x 1000 x 1000000 more efficient way to mine
Quote
THE PRICE WILL DROP.
ENUFF SAID?
NO. You seem to mistakenly confuse mining with the exchange market.ENUFF SAID?
When someone has developed a more efficient way to mine, THE DIFFICULTY WILL RISE.
LOL NO. When someone has developed QUANTUM technology based ASICS they can MINE Bitcoin @ down to 1$ per Bitcoin and still make profit which means for a coverment especially they will want to push BTC price as down as possible for people to loose faith in it HELL THEY WILL EVEN STILL SELL ALL BTC WHEN they take loss just to make a point.
They can CRASH BTC down to it's roots. PEOPLE YOU GOTTA WAKE UP FKS you can't be this dump something needs to be done.
August 24, 2015, 04:32:21 PM
You obviously do not understand what holds the BTC price at the level it is.
Yes I do. Demand and supply. Currently, the demand is lower than the supply. Simple as that.Quote
Let me make it clear for you.
WHEN someone has developed a x 10 x 100 x 1000 x 1000000 more efficient way to mine
(which they haven't)WHEN someone has developed a x 10 x 100 x 1000 x 1000000 more efficient way to mine
Quote
THE PRICE WILL DROP.
ENUFF SAID?
NO. You seem to mistakenly confuse mining with the exchange market.ENUFF SAID?
When someone has developed a more efficient way to mine, THE DIFFICULTY WILL RISE.
August 24, 2015, 04:31:34 PM
Real quantum computing (i.e. not D-Wave which is a scam) can't even count to 500 let alone do SHA256 hashing
August 24, 2015, 04:02:26 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
Here is an article that might shed some light.
https://bitcoinmagazine.com/21660/bitmain-announces-launch-bm1385-chip-future-antminer-s7-bitcoin-miner-increased-power-efficiency/
Its possible some are mining with them now, not the public, but major operators.
I don't know though, I just remembered seeing this a few days ago.
Quote
Bitmain, the bitcoin mining ASIC provider, announced today (20/8/15) that it has launched its fourth-generation ASIC, the BM1385.
This chip, the company claims, can generate a 45 percent increase in hashrate while needing 50 percent less electricity than its former chip, the BM1384.
This chip, the company claims, can generate a 45 percent increase in hashrate while needing 50 percent less electricity than its former chip, the BM1384.
August 24, 2015, 03:59:02 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
You're making a fool out of yourself.
Go away and do something with your life. I'm pretty sure if you're going to look in the mirror and think about what you have accomplished till now you're going to start crying.
Oh I am very satisfied of my accomplishments 2 boys, wife and very good income + profits from crypto I have everything I need.
Your attempt to make personal insult matter in a global problem HAS FAILED.
NUFF SAID
A guy who in his previous posts was begging for coins worth 10-20 cents and mining with a videocard....
Yeah , i'm pretty sure you have very good income +)))))
And I do outside of crypto altough I have probably made more in crypto the past years than you have made total income seeing as how hollow as you are still trying to make this personal you must be a BIG bagholder and I FEEL SORRY FOR YOU. I truly do nobody should take big losses on this, but they will and I will revisit our discussion later. I will see how you respond to me then.
You see , that's the difference between you and me.
I use my brain and I check things first.
I'm not a bag holder and I doubt pretty much the future of BTC. Actually I don't waste a day without calling or messaging my cousin and laughing about his 100k investment =)))
But to think about reptilian overlords mining with quantum cats milking btc out of spacial cows....
You're nuts.
August 24, 2015, 03:52:02 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
You're making a fool out of yourself.
Go away and do something with your life. I'm pretty sure if you're going to look in the mirror and think about what you have accomplished till now you're going to start crying.
Oh I am very satisfied of my accomplishments 2 boys, wife and very good income + profits from crypto I have everything I need.
Your attempt to make personal insult matter in a global problem HAS FAILED.
NUFF SAID
A guy who in his previous posts was begging for coins worth 10-20 cents and mining with a videocard....
Yeah , i'm pretty sure you have very good income +)))))
And I do outside of crypto altough I have probably made more in crypto the past years than you have made total income seeing as how hollow as you are still trying to make this personal you must be a BIG bagholder and I FEEL SORRY FOR YOU. I truly do nobody should take big losses on this, but they will and I will revisit our discussion later. I will see how you respond to me then.
August 24, 2015, 03:46:19 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
You're making a fool out of yourself.
Go away and do something with your life. I'm pretty sure if you're going to look in the mirror and think about what you have accomplished till now you're going to start crying.
Oh I am very satisfied of my accomplishments 2 boys, wife and very good income + profits from crypto I have everything I need.
Your attempt to make personal insult matter in a global problem HAS FAILED.
NUFF SAID
A guy who in his previous posts was begging for coins worth 10-20 cents and mining with a videocard....
Yeah , i'm pretty sure you have very good income +)))))
August 24, 2015, 03:43:14 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
You're making a fool out of yourself.
Go away and do something with your life. I'm pretty sure if you're going to look in the mirror and think about what you have accomplished till now you're going to start crying.
Oh I am very satisfied of my accomplishments 2 boys, wife and very good income + profits from crypto I have everything I need.
Your attempt to make personal insult matter in a global problem HAS FAILED.
NUFF SAID
August 24, 2015, 03:38:44 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
While I'm not "high end" miner my underclocked Antminer S5 is making me a tidy profit.
However, I'll have to say I'm still at a huge loss in the bigger picture due to massive fraud against me by the ASIC company Black Arrow LTD. It's been almost 2 years now since I ordered a miner from them LOL.
August 24, 2015, 03:36:40 PM
Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
You're making a fool out of yourself.
Go away and do something with your life. I'm pretty sure if you're going to look in the mirror and think about what you have accomplished till now you're going to start crying.
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