Topic: Gov't + Bitcoin Foundation = 25% of all Bitcoins confiscated? - page 2. (Read 1820 times)
There are already a couple of alt clients, no one would adopt this new client, especially considering that less than 50% of the nodes are actually from the U.S.
Sorry about this "FUD", the truth cannot hurt too much, correct?
The Bitcoin Foundation is paying Devs to work on the core code, so they have a type of control over projected changes.
When the economy gets even more unstable and the establishment gets desperate, here is what could happen:
1) The core Bitcoin code (combined with the blockchain) tracks "every Satishi" from their creation to the current address.
2) It would be possible (no matter how unlikely) to change the code to 'collect' (for the greater good) 25% of all existing Bitcoins and send them to a single address controlled by the United Nations/IMF, for example.
3) The Bitcoin Foundation would need a leader/director who is (possibly) being threatened with serious charges for "heinous crimes" which have no statue of limitations, so the threat is always active... ...oh wait...didn't they just elect Brock Pierce as their new leader?
Whoever controls the code, has power over your Bitcoins. Correct?
Of course the mining pools will reject those code changes? Have the mining pools ever rejected code coming from the main dev team?
Is #2 possible (no matter how unlikely) Yes or No?
The Bitcoin Foundation is paying Devs to work on the core code, so they have a type of control over projected changes.
When the economy gets even more unstable and the establishment gets desperate, here is what could happen:
1) The core Bitcoin code (combined with the blockchain) tracks "every Satishi" from their creation to the current address.
2) It would be possible (no matter how unlikely) to change the code to 'collect' (for the greater good) 25% of all existing Bitcoins and send them to a single address controlled by the United Nations/IMF, for example.
3) The Bitcoin Foundation would need a leader/director who is (possibly) being threatened with serious charges for "heinous crimes" which have no statue of limitations, so the threat is always active... ...oh wait...didn't they just elect Brock Pierce as their new leader?
Whoever controls the code, has power over your Bitcoins. Correct?
Of course the mining pools will reject those code changes? Have the mining pools ever rejected code coming from the main dev team?
Is #2 possible (no matter how unlikely) Yes or No?
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