Bitcoin Forum

Other => Off-topic => Topic started by: noobtrader on October 20, 2014, 03:36:09 PM



Title: why mining bitcoin will eventually belong to the Government ?
Post by: noobtrader on October 20, 2014, 03:36:09 PM
because government can even put bitcoin miner on ther sattellite if necessarry.


Title: Re: why mining bitcoin will eventually belong to the Government ?
Post by: RodeoX on October 20, 2014, 03:40:20 PM
because government can even put bitcoin miner on ther sattellite if necessarry.

Why would they do that? And what government will eventually own bitcoin, Burkina Faso?



Title: Re: why mining bitcoin will eventually belong to the Government ?
Post by: schutzhund on October 20, 2014, 03:41:05 PM
because government can even put bitcoin miner on ther sattellite if necessarry.


Is this a joke. They can't even get a hold of seized coins and you are talking about mining.  :D


Title: Re: why mining bitcoin will eventually belong to the Government ?
Post by: Lauda on October 20, 2014, 04:00:06 PM
because government can even put bitcoin miner on ther sattellite if necessarry.

So you're saying that nobody else in the world can launch a satellite, be it a small or huge one?  :D
This thread is just stupid and wrong.


Title: Re: why mining bitcoin will eventually belong to the Government ?
Post by: noobtrader on October 20, 2014, 05:20:12 PM
because government can even put bitcoin miner on ther sattellite if necessarry.

Why would they do that? And what government will eventually own bitcoin, Burkina Faso?



well,

lot of goverment are interested in implementing bitcoin, or their own cryptocoin.

but i can still see in the future that mega miner or gov start sending sattelites or microsatellites to mining bitcoin or their crypto coin.



Title: Re: why mining bitcoin will eventually belong to the Government ?
Post by: RodeoX on October 20, 2014, 05:54:14 PM
because government can even put bitcoin miner on ther sattellite if necessarry.

Why would they do that? And what government will eventually own bitcoin, Burkina Faso?



well,

lot of goverment are interested in implementing bitcoin, or their own cryptocoin.

but i can still see in the future that mega miner or gov start sending sattelites or microsatellites to mining bitcoin or their crypto coin.


It certainly is true that any government can start mining. However I don't get why a satellite would help? A rig in space would be extremely expensive, hard to maintain, and less profitable than a server farm on Earth. 
Other governments, like Canada, tried creating their own digital currency. But they are not decentralized or open source, so they are not trusted and have few of the features that are attractive about bitcoin. There is really nothing a government can do about bitcoin.


Title: Re: why mining bitcoin will eventually belong to the Government ?
Post by: noobtrader on October 20, 2014, 06:19:59 PM
because government can even put bitcoin miner on ther sattellite if necessarry.

Why would they do that? And what government will eventually own bitcoin, Burkina Faso?



well,

lot of goverment are interested in implementing bitcoin, or their own cryptocoin.

but i can still see in the future that mega miner or gov start sending sattelites or microsatellites to mining bitcoin or their crypto coin.


It certainly is true that any government can start mining. However I don't get why a satellite would help? A rig in space would be extremely expensive, hard to maintain, and less profitable than a server farm on Earth. 
Other governments, like Canada, tried creating their own digital currency. But they are not decentralized or open source, so they are not trusted and have few of the features that are attractive about bitcoin. There is really nothing a government can do about bitcoin.


because the electricity will be free and can be operated without internet, it will be like gps for cryptocurrency.