Topic: scenarios if US Govt tried to take down bitcoin? - page 2. (Read 11932 times)
The people with the brightest ignore buttons are the most interesting to read.
All you have done thus far is critique. As they say, the most dispensable person in the theater is the critic 
Ought I leave that role to you alone?The notion that something is perfect, or even best, simply because it succeeded is the death of innovation.
The notion of success being an indicator of worth is the fundament of every attempt to validate the unregulated free market & similar socio-Darwinian baloney
Of course it is. What survives is what survives "What is best" is a predicate without a subject (Best for (what???)).
The free market is guaranteed to give us simply that which survives (succeeds), nothing more or less.
"Panglossian monadology"? Leibniz's "everything that is, exists according to reason, and thus this world is the best of all *possible* worlds"? The sage words of Killdozer further clarified that metaphysical stance for us, the modern scholars:
Let me tell you something my friend
In the best of all possible worlds
That is to say
In this world as well as all other worlds
Why i'm the best of all short-order fry cooks!
Is your premise that the free market produced all the governments, and because they are here is why they are good? Or is this a reductio ad absurdum of someone else's straw man?
Lol no. I simply pointed out that your claim of governments having "...monopoly on the right to kill, steal and imprison and impoverish" is absurd.
If you would like me to take a position on this, i'd point out that "the governments" may be good for some (things/people) and bad for others. The word "good" needs context, or at least a subject to be meaningful.
(Is killing "good"? A meaningless question. It's good for the killer, ideal when there's killing to be done. For the victim, not so much.)
All you have done thus far is critique. As they say, the most dispensable person in the theater is the critic
Ought I leave that role to you alone?The notion that something is perfect, or even best, simply because it succeeded is the death of innovation.
The notion of success being an indicator of worth is the fundament of every attempt to validate the unregulated free market & similar socio-Darwinian baloney
Of course it is. What survives is what survives "What is best" is a predicate without a subject (Best for (what???)).
The free market is guaranteed to give us simply that which survives (succeeds), nothing more or less.
"Panglossian monadology"? Leibniz's "everything that is, exists according to reason, and thus this world is the best of all *possible* worlds"? The sage words of Killdozer further clarified that metaphysical stance for us, the modern scholars:
Let me tell you something my friend
In the best of all possible worlds
That is to say
In this world as well as all other worlds
Why i'm the best of all short-order fry cooks!
Is your premise that the free market produced all the governments, and because they are here is why they are good? Or is this a reductio ad absurdum of someone else's straw man?
All you have done thus far is critique. As they say, the most dispensable person in the theater is the critic
Ought I leave that role to you alone?The notion that something is perfect, or even best, simply because it succeeded is the death of innovation.
The notion of success being an indicator of worth is the fundament of every attempt to validate the unregulated free market & similar socio-Darwinian baloney
Of course it is. What survives is what survives "What is best" is a predicate without a subject (Best for (what???)).
The free market is guaranteed to give us simply that which survives (succeeds), nothing more or less.
"Panglossian monadology"? Leibniz's "everything that is, exists according to reason, and thus this world is the best of all *possible* worlds"? The sage words of Killdozer further clarified that metaphysical stance for us, the modern scholars:
Let me tell you something my friend
In the best of all possible worlds
That is to say
In this world as well as all other worlds
Why i'm the best of all short-order fry cooks!
All you have done thus far is critique. As they say, the most dispensable person in the theater is the critic
Ought I leave that role to you alone?The notion that something is perfect, or even best, simply because it succeeded is the death of innovation.
The notion of success being an indicator of worth is the fundament of every attempt to validate the unregulated free market & similar socio-Darwinian baloney
What about fed created the bitcoin system itself. Being promoted as anonymous but instead can be tracked easily by them with their own ready tracking system. Bitcoin use SHA256 which is endorsed by NSA. What a stupid move by satoshi to create currency that would revolutionize world from banking slave but using algo that been control by fed gang.
This is why we have alts.
What about fed created the bitcoin system itself. Being promoted as anonymous but instead can be tracked easily by them with their own ready tracking system. Bitcoin use SHA256 which is endorsed by NSA. What a stupid move by satoshi to create currency that would revolutionize world from banking slave but using algo that been control by fed gang.
All you have done thus far is critique. As they say, the most dispensable person in the theater is the critic
Ought I leave that role to you alone?The notion that something is perfect, or even best, simply because it succeeded is the death of innovation.
The notion of success being an indicator of worth is the fundament of every attempt to validate the unregulated free market & similar socio-Darwinian baloney
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They certaibly have the resources and the funding to launch a 51% attack if they wanted to. :/
only white list trading legal would all the govt needs to do if transfers not anon.
Government can kill bitcoin in a 2 pronged attack in conjunction with other governments acting simultaneously (the EU would be very happy to help for one).
done at the same time by multiple governments, this will be a bitcoin death blow:
1) kill and ban all the exchanges, this blocks fiat getting in and out of BTC
2) use Deep Packet inspection to block all BTC related traffic at the major internet traffic hubs.
done at the same time by multiple governments, this will be a bitcoin death blow:
1) kill and ban all the exchanges, this blocks fiat getting in and out of BTC
2) use Deep Packet inspection to block all BTC related traffic at the major internet traffic hubs.
One problem with this strategy is the rule of law.
First the activity would have to become illegal for law to be enforced against it.
Governments could adopt totalitarianism and dispense with law, substituting martial law, thus dispensing with the illusion of the consent of the governed. But Bitcoin is much less any government's problem than it is the central banks. Governments may just as well want free of the debtor's prison into which they have been conned.
Government can kill bitcoin in a 2 pronged attack in conjunction with other governments acting simultaneously (the EU would be very happy to help for one).
done at the same time by multiple governments, this will be a bitcoin death blow:
1) kill and ban all the exchanges, this blocks fiat getting in and out of BTC
2) use Deep Packet inspection to block all BTC related traffic at the major internet traffic hubs.
done at the same time by multiple governments, this will be a bitcoin death blow:
1) kill and ban all the exchanges, this blocks fiat getting in and out of BTC
2) use Deep Packet inspection to block all BTC related traffic at the major internet traffic hubs.
All you have done thus far is critique. As they say, the most dispensable person in the theater is the critic
Ought I leave that role to you alone?The notion that something is perfect, or even best, simply because it succeeded is the death of innovation.
sell sell sell sell sell.
Wait for price to stabilise after two months...buy back in. Enjoy price rise and then sell before rest of the world follows the US Govt.
Wait for price to stabilise after two months...buy back in. Enjoy price rise and then sell before rest of the world follows the US Govt.
Taxes are no longer their bread and butter. They used to be when people used gold since it physically had to be taken from the population and into the government coffers but that's no longer needed with the advent of a central bank printing press. Bitcoin is no different. ASICs are still bought with fiat and bitcoins still get exchanged for fiat. Government doesn't need to take down bitcoin since it is not a threat in any meaningful way.
Taxes are still pretty important to governments
Taking your money removes it from circulation and keeps the whole tax service industry productive & contributing to your country's economy.
Taxation also appeases the folks who think printing money is wrong. Imagine the grumbling when your government announces "Don't worry about taxes any more! From now on we're simply printing moar money to pay for everything
"Finally, if bitcoin does get used as money someday, the government should become concerned. Since bitcoins can't be printed, government printing presses would become obsolete, making them difficult to sell to dumber governments on EBay.
Yep, i brain about this stuff all the time
Buying, selling, trading, or accepting Bitcoin or doing business with a foreign Bitcoin-affiliated company becomes a Federal crime in the USA.
The punishment for violating the law in any way whatsoever is life imprisonment.
I think people in the USA would stop using BTC pretty quickly, and its value would drop close to zero if all NATO countries followed suit.
If Bitcoin ever becomes big enough to actually threaten the hegemony of the dollar, I expect to see these types of laws.
The punishment for violating the law in any way whatsoever is life imprisonment.
I think people in the USA would stop using BTC pretty quickly, and its value would drop close to zero if all NATO countries followed suit.
If Bitcoin ever becomes big enough to actually threaten the hegemony of the dollar, I expect to see these types of laws.
Totalitarian law and draconian punishment is possible, and history is rife with examples, but it's not something that is possible to flip on like a light switch. Nor is it without it's own whole set of problems. If you punish to many people, you will be pissing of a much larger portion of society who has a friend or family member who was unfairly treated. At that point you lose the cooperation of society and losing control is only a matter of time.
The 'powers that be' are, I believe, perfectly capable of making rational and far-sighted policy decisions. They will typically choose the least bad course of action. It is a mistake to underestimate one's adversaries, and generally speaking the people who are in positions of power did not get there by being stupid.
Buying, selling, trading, or accepting Bitcoin or doing business with a foreign Bitcoin-affiliated company becomes a Federal crime in the USA.
The punishment for violating the law in any way whatsoever is life imprisonment.
I think people in the USA would stop using BTC pretty quickly, and its value would drop close to zero if all NATO countries followed suit.
If Bitcoin ever becomes big enough to actually threaten the hegemony of the dollar, I expect to see these types of laws.
The punishment for violating the law in any way whatsoever is life imprisonment.
I think people in the USA would stop using BTC pretty quickly, and its value would drop close to zero if all NATO countries followed suit.
If Bitcoin ever becomes big enough to actually threaten the hegemony of the dollar, I expect to see these types of laws.
Taxes are no longer their bread and butter. They used to be when people used gold since it physically had to be taken from the population and into the government coffers but that's no longer needed with the advent of a central bank printing press. Bitcoin is no different. ASICs are still bought with fiat and bitcoins still get exchanged for fiat. Government doesn't need to take down bitcoin since it is not a threat in any meaningful way.
I agree they are not sincerely concerned about drugs & porn, they use those issues to elicit a knee-jerk compliance response from the masses.
But taxes? Yes, that is their bread and butter. And there are many people here who would go along with complying with the IRS. It's a problem of "creeping regulations" that Bitcoin will face. They will not ask for the whole pie at once, they are much too cunning for that!
The salient thing is that it will divide the community along lines which are already beginning to form, with the BTF on one side, and unSystem on the other. As the stakes get higher, the pressure to sell out will increase. Soon, the official protocol may be shot through with compromises, and BTC v1.0 may become their tool, not ours.
EDIT: These guys will give the USG a big helping hand, IMHO
https://robocoinkiosk.com/compliance
Nice avatar, by the way, I'm a big fan of Hoppe
But taxes? Yes, that is their bread and butter. And there are many people here who would go along with complying with the IRS. It's a problem of "creeping regulations" that Bitcoin will face. They will not ask for the whole pie at once, they are much too cunning for that!
The salient thing is that it will divide the community along lines which are already beginning to form, with the BTF on one side, and unSystem on the other. As the stakes get higher, the pressure to sell out will increase. Soon, the official protocol may be shot through with compromises, and BTC v1.0 may become their tool, not ours.
EDIT: These guys will give the USG a big helping hand, IMHO
https://robocoinkiosk.com/compliance
Nice avatar, by the way, I'm a big fan of Hoppe
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