Topic: The "you cant kill Bitcoin argument" (Read 6488 times)
The USA Gov't will go to far extremes to protect their USD system they have set up... if at anytime BTC starts to actually make serious competition/threat to their currency you can believe that strict bans/ legislation restrictions will be put into place to try and "kill" BTC... and if they can not kill it they will try to get their hands on it and make probably more from it than the miner (essentially killing it)
Was there an actual technical question here?
Moderators? Can we keep at least this section free from the speculative FUD, games and other dross? Place is getting pretty noisy (crapped up).
I didn't realize this was in the Development forum. This is way off topic. Moderators? Can we keep at least this section free from the speculative FUD, games and other dross? Place is getting pretty noisy (crapped up).
Was there an actual technical question here?
Moderators? Can we keep at least this section free from the speculative FUD, games and other dross? Place is getting pretty noisy (crapped up).
Moderators? Can we keep at least this section free from the speculative FUD, games and other dross? Place is getting pretty noisy (crapped up).
maybe if you wouldn't be a delusional cultist you would see the legitimacy of this concern, many sane and objective people usually engage is such discussions, but if you want to be an idiot FUD spreader and delusional cultist then stay in the fucking speculation forum.
Was there an actual technical question here?
Moderators? Can we keep at least this section free from the speculative FUD, games and other dross? Place is getting pretty noisy (crapped up).
Moderators? Can we keep at least this section free from the speculative FUD, games and other dross? Place is getting pretty noisy (crapped up).
Quote
This never happens elsewhere, right?
This happens everywhere and everytime.But the offline communities have a laws and rules to protect people and punish dishonest persons.
Bitcoin onlline community does not protect a person from an attacker.
Bitcoin has many methods of protecting the users from attackers and is fundamentally more secure than Fiat currencies if you don't hand you coins over to thieves(Grifts happen just as easily with fiat too).
Theft is institutionalized with fiat currency. Democracy is one of the first examples of a 51% attack.
I await evidence that shows a higher per capita risk for users who secure there own bitcoins vs users who secure both physical cash and digital cash in traditional banks. Please include all amortized security costs in this research.
Why not to vote for another persons on elections?
Is your attention span greater than a goldfish? Name me one president or politician who hasn't repeatedly betrayed his oath and campaign promises.
Quote
Who protects people from the lawgivers? Police seizure laws, government overreach, overambitious regulators, to name a few.
Why not to vote for another persons on elections?
Quote
Who protects people from the lawgivers? Police seizure laws, government overreach, overambitious regulators, to name a few.
Why not to vote for another persons on elections?
Politicians are not bound to do what they say they will.
They do bind the rest of us however.
Voting is over rated.
Quote
Who protects people from the lawgivers? Police seizure laws, government overreach, overambitious regulators, to name a few.
Why not to vote for another persons on elections?
Quote
This never happens elsewhere, right?
This happens everywhere and everytime.But the offline communities have a laws and rules to protect people and punish dishonest persons.
Bitcoin onlline community does not protect a person from an attacker.
Quote
This never happens elsewhere, right?
This happens everywhere and everytime.But the offline communities have a laws and rules to protect people and punish dishonest persons.
Bitcoin onlline community does not protect a person from an attacker.
Quote
What exactly would happen if they did this? 1-3 double spends?
It will be more than enough to double-spend just one significant amount.After it everyone will see that bitcoins cost nothing because can be doublespended.
I never knew that double spending or creating fake transactions on a network would completely undermine the value in the whole ecosystem. Good thing that there is no such thing as fake currency and doublespends happening in all the other currency ecosystems we use and trust.
This never happens elsewhere, right? Those billions of dollars in fake greenbacks being printed instantly made all USD fiat devoid of any value , right?
Quote
What exactly would happen if they did this? 1-3 double spends?
It will be more than enough to double-spend just one significant amount.After it everyone will see that bitcoins cost nothing because can be doublespended.
The government just need to force some of the giant miner in US to group up for 51% attack and its done..
What exactly would happen if they did this? 1-3 double spends? The ability to prevent a few transactions from being propagated, temporarily?
https://www.youtube.com/watch?v=yWTQgmCuiCw
The government just need to force some of the giant miner in US to group up for 51% attack and its done..
What exactly would happen if they did this? 1-3 double spends? The ability to prevent a few transactions from being propagated, temporarily?
https://www.youtube.com/watch?v=yWTQgmCuiCw
The government just need to force some of the giant miner in US to group up for 51% attack and its done..
Why do you think that only government can do it?
The government just need to force some of the giant miner in US to group up for 51% attack and its done..
I was having an argument in the speculation sub-forum when someone said "the only way to stop Bitcoin would be to ban the entire internet"... see I often hear that, but being in IT as a profession that statement give me a real hard time, so I thought it is time to discuss it, maybe there is something I am not aware off !!
So if Bitcoin becomes a real threat to governments, and if they agree on banning it and killing it, one way to go would be just changing regulation (FCC) for internet service providers and force them to ban the port that Bitcoin uses (8333 now), this would mean certain death to Bitcoin.
I want to hear your opinion, and how do you think this could be prevented ?
So if Bitcoin becomes a real threat to governments, and if they agree on banning it and killing it, one way to go would be just changing regulation (FCC) for internet service providers and force them to ban the port that Bitcoin uses (8333 now), this would mean certain death to Bitcoin.
I want to hear your opinion, and how do you think this could be prevented ?
Governments don't only work based on brute force, they could just as easily inflitrate the foundation and make USlolcatGavin hardfork Bitcoin to introduce fresh new vulnerabilities (oops! *caugh caugh*)
I think governments trying to kill bitcoin would make grow even faster. Then Bitcoiners could buy politicians.
Any publicity/controversy is good publicity
I think governments trying to kill bitcoin would make grow even faster. Then Bitcoiners could buy politicians.
When you say "the government", you're implying that the US, the Netherlands, and Belgium will join forces to extort all of the core devs (to say nothing of other eyes on the project) to insert a back door? If that's likely to happen (it's not), I doubt any additional audits (which could also be influenced in the same way) would be of any help. (I agree you're correct in principle though.)
As cases of wikileaks, Snowden, and etc. shows it is relatively easy to obtain cooperation from European counties. Most of the time it wouldn't even be required. It doesn't take much to put pressure on regular people. Few phone calls from authorities with promise to ruin your life will do it.
Given importance of BTC to whole world economy it would be negligence on part of these special agencies not to put hooks and backdoors into the code and I don't think they are negligent.
After all, motto of BTC: Thrust no one...
Jump to: