Topic: Shutting down cryptocurrencies - page 2. (Read 2410 times)

And the maidsafe guys have 500 developers creating the next decentralized web.

What, do you worry?

"They" is often referred to as a single entity but it is a many headed beast who don't act coherently. Further "they" can do only so much as the power they are given. If they overplay their hand they end up losing a lot.

Yes, they can portalize the internet. They are trying to do it now.

How can they shut it down? Will they go to the world bit coin headquarters and unplug it? Will they kill the head of bit coin?   

You cannot shut down a decentralized network.

I do think you make some good points, but the no one can decide to simply kill crypto currencies. 

Paper money is constantly evolving to prevent its use in criminal activities. Anti-theft devices are created to thwart thefts. But, paper money has reached its technological peak. We need cryptocurrencies. Governments recognize this.

Bitcoin is like discovering nuclear power. Instead of developing clean, efficient tools that will make everyone's life better, we have people starting an arms race. Who do they think they are? They think they are Boris and Natasha raging against the machine? If the Secret Squirrel Brigade does manage to succeed in developing a system that is completely anonymous and is used for real acts of terrorism, guess what? They will shut it down, simply because they can.

Thankfully, there are cooler heads developing FB apps, ATMs, paper wallets, and other tools normal people can use. VCs are looking for ways to adapt current business models to use Bitcoin.

Here's my challenge to the black hats out there that think they can "show the man." Develop tools that prevent double-entry book-cooking. Develop triple-entry accounting tools. Develop transparent books that support fair-trade and non-military manufacturing. Develop tools that make peace profitable instead of supporting secrecy, deception, and anonymous power. Stop weaponizing cryptocurrencies!

tl;dr - I keep hearing people say "this wallet will show the authorities that they can't stop us." Well, yes they can. They can block your ports and eliminate net neutrality. Go ahead, give them a reason to do that.