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Topic: Why is it so hard to regulate Bitcoin? - page 5. (Read 2951 times)

legendary
Activity: 1008
Merit: 1001
Let the chips fall where they may.
June 25, 2014, 11:03:02 AM
#6
The article mentions the 35% attack:
Quote
Semantics aside, one interesting claim the paper makes is that if the researchers' approach were adopted, the Bitcoin network would be split into miners who could choose to abide by the boycott recommendations -- or not. Initially, those who did follow the rules would make fewer profits, but if their group grew to 35% of the network then they would start negatively impacting the profits of the other miners who ignored regulatory advice.

Probably a variant of selfish mining.

Edit: It is indirectly: blocks with the [color-listed] transactions would be ignored by the participants. They came up with a way to do distributed selfish mining.
sr. member
Activity: 952
Merit: 281
June 25, 2014, 10:17:18 AM
#5
There seems to be only two options: 1) allow bitcoin complete freedom 2) make it illegal to accept bitcoin as payment. The second option seems more likely at the moment, be the first is still possible
legendary
Activity: 1512
Merit: 1012
June 25, 2014, 10:14:04 AM
#4
bitcoin is not the cloud, you can't stop it.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
June 25, 2014, 10:11:25 AM
#3
because there is no one single person you can throw in jail or tax

And you cannot stop it by censoring it from servers, impossible to block it from the internet
sr. member
Activity: 910
Merit: 253
June 25, 2014, 09:45:57 AM
#2
because there is no one single person you can throw in jail or tax
full member
Activity: 126
Merit: 100
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