First of all i think there are classified technologies but rather in the Military sector and definitely not 150+. What happen in 1933 was an ownership prohibition of Gold (Executive Order 6102). As a private person you where allowed to own 100 USD in Gold and sell the rest to the Government.
So my gues is the Goverments will try to get BitCoins as soon as they dont trust their own currency anylonger. Which will be soon when you see how many Money is printed right now. There is no equivalent value anylonger so BitCoins will increase in worth (deflation) and the Governments want their part of it!
Topic: Government Response to Bitcoin - page 2. (Read 1950 times)
The government destroying bitcoin sounds just about as ridiculous as them having an internet kill switch.
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Quote from: lemmingtart on Today at 04:08:31 PM
the government has classified technology 150+ years ahead of everything that is made public.
the government has classified technology 150+ years ahead of everything that is made public.
Source? So much unsourced information and claims on these forums.
Your friend wants to lay off the weed for abit 
They don't have to necessarily "shut down" BitCoin, but change the public opinion and make them hate and fear it.
I don't think they can manipulate public opinion, given such easy transaction process that BitCoin and possibly Ripple provides. The public will love BitCoin because if it's efficient for them to use.
the government has classified technology 150+ years ahead of everything that is made public.
This is not true. 
If the goverment wanted to destroy Bitcoin, it could easily point supercomputers at the block chain and just mine empty transaction blocks. One government computer could go 99% on the network and destroy the coin instantaneously.
This is not true.It is true, the government has classified technology 150+ years ahead of everything that is made public. You really think they don't have the computer power to destroy bitcoin?
So when the lightbulb was invented in the 1800's they already had computers? Amazing what technomology can do!
If governments around the world got together they could launch a 51% attack. But why? There is no evidence of this whatsoever.
Even if they can, I think the idea of a more secure crypto-currency could carry on 
The government has already acknowledged bitcoins existence and said it is keep watch of it.
They don't have to necessarily "shut down" BitCoin, but change the public opinion and make them hate and fear it.
There are secret bases no one knows about where black projects take place. The projects are highly covert and deal with exotic/advanced technology. I would make a bet that the government does in fact have the capability to destroy bitcoin if it wanted.
If the goverment wanted to destroy Bitcoin, it could easily point supercomputers at the block chain and just mine empty transaction blocks. One government computer could go 99% on the network and destroy the coin instantaneously.
This is not true.It is true, the government has classified technology 150+ years ahead of everything that is made public. You really think they don't have the computer power to destroy bitcoin?
So when the lightbulb was invented in the 1800's they already had computers? Amazing what technomology can do!
If the goverment wanted to destroy Bitcoin, it could easily point supercomputers at the block chain and just mine empty transaction blocks. One government computer could go 99% on the network and destroy the coin instantaneously.
This is not true.It is true, the government has classified technology 150+ years ahead of everything that is made public. You really think they don't have the computer power to destroy bitcoin?
If the goverment wanted to destroy Bitcoin, it could easily point supercomputers at the block chain and just mine empty transaction blocks. One government computer could go 99% on the network and destroy the coin instantaneously.
This is not true.
The CIA uses bitcoin to move money between countries off the grid.
I still don't understand statements like the ones above. If everyone is focused on exchanging with fiat, then how can BTC anything more than a commodity? Sure, countries and import/exporters need to look at global currency and exchange rates, but many people within countries trade only their currency without exchanging.
Isn't the strength of the currency based on its inherent value? Won't the value increase if it can be used to trade products/services?
Just some ideas; I'm not an expert on currencies.
Isn't the strength of the currency based on its inherent value? Won't the value increase if it can be used to trade products/services?
Just some ideas; I'm not an expert on currencies.
If the goverment wanted to destroy Bitcoin, it could easily point supercomputers at the block chain and just mine empty transaction blocks. One government computer could go 99% on the network and destroy the coin instantaneously. Such a thing would be trivial if the government has as much money/power as conspiracy theorists think it does.
Yes but compared to the government's budget buying into bitcoin would cost them peanuts, so it's probably an easy thing for them to take a chance on
governments, banks
i think they have enough reasons to undermine bitcoin, let's hope we will survive their attacks
a good thing to do is not to choose big pools for your mining
i think they have enough reasons to undermine bitcoin, let's hope we will survive their attacks
a good thing to do is not to choose big pools for your mining
If someone is thinking of bitcoin as an "investment", then you must do a much, much, much, much better job of research than crackpot conspiracy theories. Bitcoin should be considered extremely risky as a financial instrument. Your friend should not invest more than he is willing to lose. Playing a market based on emotion and political bias will likely result in losses.
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