Now I see how ANY Government can EASILY KILL BTC - page 3.

iGROWyourBiz

newbie

Activity: 56

Merit: 0

Quote from: Wilikon on April 14, 2014, 11:21:44 AM

https://www.google.com/search?q=https%3A%2F%2F[Suspicious link removed]%3A51%25+attack&aqs=chrome..69i57.8877j0j1&sourceid=chrome&es_sm=122&ie=UTF-8

It's all good when you know how to use the tools the internet gives you. Relax.

and which one of those is not a general conversation or one with 20 million bunny trails?

which specifically is WHAT I POSITED???

bitsire

full member

Activity: 223

Merit: 100

Not going to happen!

Why would a government want to kill Bitcoin when they can tax it instead and turn it into a cash cow?

The IRS's ruling basically solidified Bitcoin's legitimacy and many other countries will look to the US when it comes time for them to issue their own guidelines.

Let's suppose a government even had the desire to do this - are they going to waste the massive funds required to do so?

I think not

Wilikon

legendary

Activity: 1176

Merit: 1001

minds.com/Wilikon

Quote from: iGROWyourBiz on April 14, 2014, 11:05:07 AM

Quote from: seriouscoin on April 14, 2014, 10:59:46 AM

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

What do you think?

I think you should stop making silly threads and spend more time reading.

You're a noob, we get it but atleast show your effort in learning. Being spoonfed is not gonna get you anywhere. You will however be mislead by hearsay.

Dont you think we would have had discussed these topics long time ago?

Noob? How old are you 12? Do you live and operate in the real world or just online? Are you stuck in the chair at the computer? do u know how life works?

Are you in the COOL clique for BTC? ooooo-- should I try to be your friend?

Get over yourself...seriously.

FOR AS LONG AS THERE IS BITCOIN - there will be new people coming in.

THIS FORUM IS FOR DISCUSSION -- stay OUT OF THE DISCUSSION if you already know everything and had every possible discussion.

I didn't ask if you had this discussion...why would I care if you discussed these things "a long time ago"? I DIDN'T it is NEW FOR ME

so I WILL DISCUSS THEM!

And while your IQ may be so low, that you are easily mislead by hearsay, or your time on this earth so limited that you are easily taken advantage of..some of us have succeeded in life and are STILL GROWING

thanks for your time and have a good day.

https://www.google.com/search?q=https%3A%2F%2Fbitcointalk.org%3A51%25+attack&oq=https%3A%2F%2Fbitcointalk.org%3A51%25+attack&aqs=chrome..69i57.8877j0j1&sourceid=chrome&es_sm=122&ie=UTF-8

It's all good when you know how to use the tools the internet gives you. Relax.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: bountygiver on April 14, 2014, 11:06:38 AM

Easy, someone who really support BTC just mass produce ASIC that is cheap but is not as fast/cost-efficient than other asic, all bitcoiners buy them and mine themselves.
Then everyone will be investing a little money to prevent any 51%

Sadly the current mentality = mine only for profit.

No. You point at p2pool. Solo mining with a miner each won't get anyone anywhere.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: iGROWyourBiz on April 14, 2014, 11:05:07 AM

Quote from: seriouscoin on April 14, 2014, 10:59:46 AM

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

What do you think?

I think you should stop making silly threads and spend more time reading.

You're a noob, we get it but atleast show your effort in learning. Being spoonfed is not gonna get you anywhere. You will however be mislead by hearsay.

Dont you think we would have had discussed these topics long time ago?

Noob? How old are you 12? Do you live and operate in the real world or just online? Are you stuck in the chair at the computer? do u know how life works?

Are you in the COOL clique for BTC? ooooo-- should I try to be your friend?

Get over yourself...seriously.

FOR AS LONG AS THERE IS BITCOIN - there will be new people coming in.

THIS FORUM IS FOR DISCUSSION -- stay OUT OF THE DISCUSSION if you already know everything and had every possible discussion.

I didn't ask if you had this discussion...why would I care if you discussed these things "a long time ago"? I DIDN'T it is NEW FOR ME

so I WILL DISCUSS THEM!

And while your IQ may be so low, that you are easily mislead by hearsay, or your time on this earth so limited that you are easily taken advantage of..some of us have succeeded in life and are STILL GROWING

thanks for your time and have a good day.

Wow. You are obviously an uneducated person, and cannot properly start a discussion without raging at people.
We are just answering your questions. Your attitude won't get you anywhere.
You should seriously consider changing your attitude to approach your life, otherwise I assure you that you will make many mistakes.
Please calm down and have a think yourself.

bountygiver

member

Activity: 100

Merit: 10

Easy, someone who really support BTC just mass produce ASIC that is cheap but is not as fast/cost-efficient than other asic, all bitcoiners buy them and mine themselves.
Then everyone will be investing a little money to prevent any 51%

Sadly the current mentality = mine only for profit.

iGROWyourBiz

newbie

Activity: 56

Merit: 0

Quote from: seriouscoin on April 14, 2014, 10:59:46 AM

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

What do you think?

I think you should stop making silly threads and spend more time reading.

You're a noob, we get it but atleast show your effort in learning. Being spoonfed is not gonna get you anywhere. You will however be mislead by hearsay.

Dont you think we would have had discussed these topics long time ago?

Noob? How old are you 12? Do you live and operate in the real world or just online? Are you stuck in the chair at the computer? do u know how life works?

Are you in the COOL clique for BTC? ooooo-- should I try to be your friend?

Get over yourself...seriously.

FOR AS LONG AS THERE IS BITCOIN - there will be new people coming in.

THIS FORUM IS FOR DISCUSSION -- stay OUT OF THE DISCUSSION if you already know everything and had every possible discussion.

I didn't ask if you had this discussion...why would I care if you discussed these things "a long time ago"? I DIDN'T it is NEW FOR ME

so I WILL DISCUSS THEM!

And while your IQ may be so low, that you are easily mislead by hearsay, or your time on this earth so limited that you are easily taken advantage of..some of us have succeeded in life and are STILL GROWING

thanks for your time and have a good day.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: seriouscoin on April 14, 2014, 10:59:46 AM

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

What do you think?

I think you should stop making silly threads and spend more time reading.

You're a noob, we get it but atleast show your effort in learning. Being spoonfed is not gonna get you anywhere. You will however be mislead by hearsay.

Dont you think we would have had discussed these topics long time ago?

Exactly. That's the whole point. And we have countermeasures that we can put into place in the event that this occurs.
We don't even need to hardfork, most miners would switch to another pool anyway.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

What do you think?

I think you should stop making silly threads and spend more time reading.

You're a noob, we get it but atleast show your effort in learning. Being spoonfed is not gonna get you anywhere. You will however be mislead by hearsay.

Dont you think we would have had discussed these topics long time ago?

iGROWyourBiz

newbie

Activity: 56

Merit: 0

Quote from: byt411 on April 14, 2014, 10:54:13 AM

Think before you say something.

get over yourself... Roll Eyes

Joshuar

hero member

Activity: 504

Merit: 500

eidoo wallet

Quote from: byt411 on April 14, 2014, 10:54:13 AM

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

I just learned about the 51% attack.

People say it can't happen because "everyone loves BTC"

= Who would do that?
= WHO would have that much money to waste just to kill BTC

Seems to me that $60-$100 Million offered @ $10 MILLION Each to 6-10 mine pools would do it...then no more concern about CRYPTO

and BTC is large enough that the media spin on it would count as an EXAMPLE to the masses that crypto doesn't work (perception is reality) and should be stayed away from?

What do you think?

Answer this question.
Why would any government spend millions to kill BTC now? And we can just hard-fork it and add more preventive measures if that really happens. Also, even if that BTC is offered to for example, GHASH and BTCGuild, everyone would notice they are carrying out such an attack and miners would switch pools.

Think before you say something.

This, +1 Bitcoin would be hardforked. We would all use that fork, government's attempts would be useless, we would go on our merry way.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: iGROWyourBiz on April 14, 2014, 10:47:56 AM

I just learned about the 51% attack.

People say it can't happen because "everyone loves BTC"

= Who would do that?
= WHO would have that much money to waste just to kill BTC

Seems to me that $60-$100 Million offered @ $10 MILLION Each to 6-10 mine pools would do it...then no more concern about CRYPTO

and BTC is large enough that the media spin on it would count as an EXAMPLE to the masses that crypto doesn't work (perception is reality) and should be stayed away from?

What do you think?

Answer this question.
Why would any government spend millions to kill BTC now? And we can just hard-fork it and add more preventive measures if that really happens. Also, even if that BTC is offered to for example, GHASH and BTCGuild, everyone would notice they are carrying out such an attack and miners would switch pools.

Think before you say something.

casascius

vip

Activity: 1386

Merit: 1140

The Casascius 1oz 10BTC Silver Round (w/ Gold B)

There's too many viable countermeasures, one I have thought of includes known entities signing blocks so that there is a distributed human tiebreaker element to any major rollback in the block chain. These signatures would only be taken into consideration when one fork of the block chain appears to compete with another, and both are larger than a few blocks. The signatures would merely assert "I am (identity) and I saw block (hash) at (timestamp)". There is no big rush to add this to Bitcoin now, but if Bitcoin experienced a bona fide 51% attack, suddenly everyone would be motivated to add this.

iGROWyourBiz

newbie

Activity: 56

Merit: 0

I just learned about the 51% attack.

People say it can't happen because "everyone loves BTC"

= Who would do that?
= WHO would have that much money to waste just to kill BTC

Seems to me that $60-$100 Million offered @ $10 MILLION Each to 6-10 mine pools would do it...then no more concern about CRYPTO

and BTC is large enough that the media spin on it would count as an EXAMPLE to the masses that crypto doesn't work (perception is reality) and should be stayed away from?

What do you think?

Topic: Now I see how ANY Government can EASILY KILL BTC - page 3. (Read 2495 times)