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Topic: The thing nobody talks about. - page 2. (Read 2588 times)

donator
Activity: 1218
Merit: 1079
Gerald Davis
July 19, 2012, 11:03:53 AM
#4
Would those coins be limited in quantity? I find it hard to believe they would, as this prevents them from printing more money as they like.
Would those coins be pseudo-anonymous? I find it hard to believe they would, as this prevents them from tracing money transfers and controlling.
Would those coins be given out on a 10-minutes basis to miners? I find it hard to believe they would, as this prevents them from holding on to all the coins.

This.  The idea that the powers that be will simply give up all control if silly.

Lets look a little deeper.  Say they were willing to make a system which is as open and transparent as Bitcoin.  Why?  Why not simply use Bitcoin.  The very fact that they don't means the "GlobalCoin" has some "bad news" attached to it and thus Bitcoin is still superior. 
member
Activity: 60
Merit: 10
July 19, 2012, 10:54:24 AM
#3
What if the World Bank/IMF decides to create an SDR backed crypcoin run on ASICs and spent billions to install networks? Would it be game-over for Bitcoin?

Would those coins be limited in quantity? I find it hard to believe they would, as this prevents them from printing more money as they like.

Would those coins be pseudo-anonymous? I find it hard to believe they would, as this prevents them from tracing money transfers and controlling.

Would those coins be given out on a 10-minutes basis to miners? I find it hard to believe they would, as this prevents them from holding on to all the coins.

And so on...

The bottom line is, they would like to control the people by the money, and people don't like being controlled, so bitcoin (or another crypto-distributed-anonymous-p2p-virtual thingy) will last as long as people are not happy with being controlled (which is in our DNA)
member
Activity: 98
Merit: 10
(:firstbits => "1mantis")
July 19, 2012, 10:33:20 AM
#2
NO.

There will ALWAYS be a blackmarket.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
July 19, 2012, 10:31:42 AM
#1
What if the World Bank/IMF decides to create an SDR backed crypcoin run on ASICs and spent billions to install networks? Would it be game-over for Bitcoin?
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