Topic: Now I see how ANY Government can EASILY KILL BTC - page 2. (Read 2475 times)

unless you owned one of the largest pools, and the other 9 pool owners were paid also (as I said in the original statement)

LOL. Why start insulting too?
We expressed our opinions and showed the OP other threads where others expressed their opinions.
Then both of you start raging and cursing at us.

No, the whole point is that when someone ask you what you think, you show some respect.

These forums are swarming with kids these days. Grow the f*** up!

Wow. You obviously don't understand a 51% attack either.

The gov pays 3 major pools so that they direct their hashrate to create a dishonest chain and make other honest miners' blocks to become orphaned.

So if I owned a pool and the Feds paid me ten million bucks to shut down the pool,
And i agreed, so what?  My pool is shut down, and miners would join another pool.
So, nothing was accomplished except breaking up a large pool temporarily.

UNEDUCATED much guys?

"POSITED"

as in: to POSIT a premise? (someone said Google is your friend...so maybe in this instance it would be valid for you to check it out)

that is not a misspelling

But i understand how if you are still in 8th grade, that was not a word on your vocab list yet...

The US can destroy the earth if they want, by sending all their Nuclear ICBMs at somewhere on earth.
The OP is talking about some government launching a 51% attack on a coin.


Sorry Alex. I will fix it now.

Wow. So much hate on here.

In all seriousness, a government CAN destroy bitcoin, just like they can destroy ANYTHING. Thinking they can't is foolish.

Propaganda can spread popular opinion. All a government needs to do is release news bulletins in the AP that are picked up by newspapers which equate bitcoin to something nefarious. It doesn't matter if it's true or not. The more people believe something, the more it becomes true.

In order for bitcoin to become more successful, more people need to use btc. If government keeps slamming it, most of us here will know they're lying - but it will be impossible to spread the word to the majority of people if they just get their information from the newspapers.

It takes a concerted, planned effort by a government to slowly release more and more news articles that equate bitcoin to something bad. They can't outright say a whopper of a lie, or there will be a big pushback. They need to plan and slowly spread little pieces of bad information at a time, until there is nothing really crazily contridictory that people will care to think of it as a scandal.

This is similar to how the republican party in the united states acts. They have half of America believing there is no global warming (either man-made or not) and to think everything scientists say is a lie. This has been 20 years of propaganda that the republican party is winning.

@ Byt411

Its not Alex, its Mr Autistic that you wanted to quote.

So? You could go out onto the street and an asteroid COULD crash into your head and kill you.
What you are saying makes no sense at all.


Wow. You seriously need some glasses.

Why are you still posting? Every post you make only makes this community despise you more.

It's time to create a new account, get informed first, and start over.

/ignored

I didn't say THE government..I said A government COULD

The only child here is you who typed in CAPs like an idiot.

We get it, you're autistic.

You need just to a bit of research before you assume the gov is going to kill BTC, they know they cant win, cause there other currenices they will have to affect, to costy and they dont have the budget for it.

Ruh-roh, that is one pissed-off, Bitcoin-ignorant tween!

Which word is spelled incorrectly, genius?

Relax.... Breath...

I think it's just a 10 year old kid, raging because he doesn't understand what he thinks he understands.
What question are you asking anyway. You asked for opinions, we gave you opinions, and you started insulting and raging like a psycho.
So... what else do you want?

Can't spell correctly, and starts a thread with CAPS on a few WORDS.
That's why no one takes you seriously.

Let me guess, american?

The only entity that can realistically do that is China. Produce lots of ASICs, seize Discus Fish, turn it into an SHA256 "jammer" (because a single 51% event is not enough, that could be healed by a fork)

No one else has the motive and resourecs but China Mainland.

Now, if you believe this will happen, scrypt coins are less vulnerable, scrypt-N even less, and Primecoin/Yac etc. can 100% not be attacked that way because not even China can produce more than 51% of the planet's CPUs. NXT is completely immune to 51% attack by design.

So don't whine, diversify into LTC DOGE VTC HEAVY QUARK SRC XPM YAC NXT or whatever else, if you really believe in such horror stories.