Bitcoin Forum

lets not bullshit, everyone here not part of the pyramid scheme of bitcoin, wants to be. im not trying to knock it. all forms of money is. there are those who use it for means of living and those who horde it for its value, hoping to gain what they lack. i do respect the idea though, of trying to remove the controlling grabs from of the controller (IMF, WorldBank), so i offer how i would attack bitcoin if i were one of these controllers.

i would use my telecommunication corps. which are heavily in my debt, whom also controls the internet, to 1) slow down all internet traffic bitcoin related. i would also 2) be forming a large mining farm to mine with larger machine and faster speeds. isnt the only way to beat bitcoin, by having your computer beat the combined network in solving the block chain ? didnt i just do that with steps 1 & 2 ??

They would just ackowledging bitcoin is real thread to old Bank structures and new people would support Bitcoin idea by buying more miners.

It will be fun when some government make hunt on BTC etc.

Yeah , like you can go in your closest shop and buy a miner.
If they do indeed produce miners in secret and launch a pool with 51% of the hashing power there will be no way miners could respond in time.

in the california gold rush, it wasnt the people who mined for gold who made the largest profits, it was the people who sold shovels and tools, local hotels, and levi jeans. maybe we all should be investing in those places.  

im just thinking if the one true thing why people believe in bitcoin is the fair playing field, then shouldnt that be protected. the posibility of being well off keeps us here, but the bitcoin's idea is what brought us here. if that integrity goes, so does the public following bitcoin needs to grow. and those who invested heavily will turn into the ones who try to keep the masses ignorant and fooled. scary.

net neutrality fails.............. ahahahahahahaaaa

what did i say. you slow the network down, call it priority or whatever you like, its double pay. these guys are real good.

i wouldnt be surprised if step 2 is already happening.


hahahahaaa

You seem to be missing the point of decentralization. In addition to having no central entity control the generation, distribution and destruction of Bitcoins, decentralization also allows the supporters and users of Bitcoin to decide amongst themselves how to determine the validity of blocks and transactions. If necessary, the Bitcoin protocol can be modified to ignore any entity involved with any form of malicious attack, leaving the attackers with a useless fork of Bitcoin. Also, if there should come a time that a single entity were to become powerful enough to acquire absolute monopolistic control over the Internet speed of every single computer in the world, I highly doubt that the first thing on anyone's mind would be "what will happen to Bitcoin?"

How much do you know about Bitcoin? Have you even read the whitepaper yet?

U r wrongly informed. IMF, WorldBank cant control all the wires.

Pyramid scheme? Looks like someone is trolling.

Bitcoin  is not safe from everything, but altoins that are growing now and if something kills bitcoin are and will be much stronger.

After on hiatus for 7 months, you come back to only post your update on "How I would attack Bitcoin"?  :D

What a silly comment lol, it's not like they're going to jump on twitter and say "yeah we're going to attack bitcoin now" - chances are you won't know it's happening or who's doing it until it's to late.

For all we know the banks already own ghash.io and can collapse the BTC economy as we know it on demand.

Where did you get the first part? I make some searches but can't find who owns ghash and cex.

I'm just speculating, that isn't actually true (as far as I know).