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Topic: New attack vector: Mess with electricity costs to destabilize the BTC Economy? (Read 2992 times)

hero member
Activity: 812
Merit: 1022
No Maps for These Territories
truecrypt has a huge vulnerability: YOU. think "enhanced interrogation techniques"
So you should get those cyanide pills too Smiley
hero member
Activity: 588
Merit: 500
Hi, I work for the DMS, specifically the CTD, and we've been authorized by the DMSEDWWSOE to confiscate all of your belongings and hold you indefinitely while we conduct further investigations. You have the right to piss your pants.
have a "panic" button (destroys your hard drive), and keep a backup of your wallet on a remote server.
there are people that have implemented that, especially those that are involved in highly illegal works on the internet (no, i don't mean cp, get your mind out of the gutter).

even better - truecrypt your hard drive, don't cache passwords (of course), and pull the plug when you see the feds pull up. that way, unless we're in a total police state, you should *eventually* get your stuff back.
truecrypt has a huge vulnerability: YOU. think "enhanced interrogation techniques"
The "hidden volume" feature is pretty awesome against this.
sr. member
Activity: 294
Merit: 250
Hi, I work for the DMS, specifically the CTD, and we've been authorized by the DMSEDWWSOE to confiscate all of your belongings and hold you indefinitely while we conduct further investigations. You have the right to piss your pants.
have a "panic" button (destroys your hard drive), and keep a backup of your wallet on a remote server.
there are people that have implemented that, especially those that are involved in highly illegal works on the internet (no, i don't mean cp, get your mind out of the gutter).

even better - truecrypt your hard drive, don't cache passwords (of course), and pull the plug when you see the feds pull up. that way, unless we're in a total police state, you should *eventually* get your stuff back.
truecrypt has a huge vulnerability: YOU. think "enhanced interrogation techniques"
very true - but in the end, wouldn't "enhanced interrogation" have the same effect if you dug a flash drive with your wallet in a hole somewhere?
legendary
Activity: 2058
Merit: 1431
Hi, I work for the DMS, specifically the CTD, and we've been authorized by the DMSEDWWSOE to confiscate all of your belongings and hold you indefinitely while we conduct further investigations. You have the right to piss your pants.
have a "panic" button (destroys your hard drive), and keep a backup of your wallet on a remote server.
there are people that have implemented that, especially those that are involved in highly illegal works on the internet (no, i don't mean cp, get your mind out of the gutter).

even better - truecrypt your hard drive, don't cache passwords (of course), and pull the plug when you see the feds pull up. that way, unless we're in a total police state, you should *eventually* get your stuff back.
truecrypt has a huge vulnerability: YOU. think "enhanced interrogation techniques"
sr. member
Activity: 294
Merit: 250
Hi, I work for the DMS, specifically the CTD, and we've been authorized by the DMSEDWWSOE to confiscate all of your belongings and hold you indefinitely while we conduct further investigations. You have the right to piss your pants.
have a "panic" button (destroys your hard drive), and keep a backup of your wallet on a remote server.
there are people that have implemented that, especially those that are involved in highly illegal works on the internet (no, i don't mean cp, get your mind out of the gutter).

even better - truecrypt your hard drive, don't cache passwords (of course), and pull the plug when you see the feds pull up. that way, unless we're in a total police state, you should *eventually* get your stuff back.
member
Activity: 84
Merit: 10
Solar power?

A PC doesn't need much to get started.
legendary
Activity: 2058
Merit: 1431
Hi, I work for the DMS, specifically the CTD, and we've been authorized by the DMSEDWWSOE to confiscate all of your belongings and hold you indefinitely while we conduct further investigations. You have the right to piss your pants.
have a "panic" button (destroys your hard drive), and keep a backup of your wallet on a remote server.
full member
Activity: 154
Merit: 100
Two ways I think the government might attack bitcoin.

Straight up make it illegal. This will be mostly ineffective, but might land some poor souls in jail for nothing.

Demonize it in the media. Make you look like a criminal for using bitcoin.

If they decide it's a threat to status quo, they will probably do both.

Neither or these things will stop people from using bitcoin. I can imagine new three letter agencies popping up to fight the currency of druglords, terrorists, and child predators.

DMS - Department of Monetary Security
CTD - Currency Trafficking Division
DMSEDWWSOE - Department to Make Sure Everyone Does What We Say Or Else  Grin

Hi, I work for the DMS, specifically the CTD, and we've been authorized by the DMSEDWWSOE to confiscate all of your belongings and hold you indefinitely while we conduct further investigations. You have the right to piss your pants.

How do we fight it. Make sure bitcoin is a household name and used by billions ASAP.  Cheesy

Wee fun post.



hero member
Activity: 588
Merit: 500
I think it's very unlikely TiagoTiago, too many governmental corporatism interests depend on electricity for survival.
legendary
Activity: 1246
Merit: 1014
Strength in numbers
Could the governament play with the electricity costs to indirectly alter the price of bitcoins so the BTC economy gets so unpredictable people start shying away from it?

Lol, even if it worked it would have the ridiculously bad consequence of making people shy away from every industry that is sensitive to power costs. Which is a shitton of important ones.
hero member
Activity: 630
Merit: 500
Such attacks are completely ineffective, as if they make generation harder, difficulty falls and people overseas will generate it all.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
Oh, right, the difficulty scales according to the processing power avaiable, i forgot that detail
legendary
Activity: 980
Merit: 1014
If the governament is dedicated enough they could provide subisides(sp?) to AMD to research new approaches to chipmaking that will produce chips that perform poor for Bitcoin but good for games

Bitcoin miners will choose the most cost effective means of hashing bitcoin, with or without GPUs.

So I am not sure what this regulation actually does.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
If the governament is dedicated enough they could provide subisides(sp?) to AMD to research new approaches to chipmaking that will produce chips that perform poor for Bitcoin but good for games
legendary
Activity: 980
Merit: 1014
Yeah, NIVIDIA's

I am sure AMD will throw in the wrench before that can happens.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
legendary
Activity: 980
Merit: 1014
There are alternatives that are about just as good with games and stuff

For graphic cards?
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
There are alternatives that are about just as good with games and stuff
legendary
Activity: 980
Merit: 1014
Overtax videocards that are fast with the integer ops Bitcoin uses?

You make gamers and researchers angry too.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
Overtax videocards that are fast with the integer ops Bitcoin uses?
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