MoonShadow
Legendary
 Offline
Activity: 1708
Merit: 1007
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April 06, 2013, 04:06:09 AM |
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what if some government organisation or the fed itself was the creator of btc ? they´d get rid of their critics/enemies and future rivals in an elegant way. they´ll annihilate us financially one day and just pull the plug.  And how, exactly, do you suggest that they cram the genie back in the bottle? They set off EMPs which would destroy every computer making bitcoin useless. Wouldn't work completely. Not only is an EMP not very likely to do widespread damage to small, disconnected electronic devices (cell phones, Ipads, Ipods, Kindles, etc), a great many people now own computers that are moderately guarded against EMP by virtue of EMF shielding that is required due to the very high frequency rates that modern cpu's and memory buses operate at. Without such common EMF shielding, pc would be subject to crashing anytime an old spark-gap vehicle drove past on the street or anytime that streetlamp that is going bad turned back on. It's also a known issue, so some geeks will go the extra step and actually build their own computers into a faraday cage or buy a case designed as a faraday cage using decoupling power supplies. I would say, with near certainty, that a nuclear war wouldn't get every copy of the blockchain even if it can still get mine. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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April 06, 2013, 04:10:04 AM |
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what if some government organisation or the fed itself was the creator of btc ? they´d get rid of their critics/enemies and future rivals in an elegant way. they´ll annihilate us financially one day and just pull the plug. And how, exactly, do you suggest that they cram the genie back in the bottle? They set off EMPs which would destroy every computer making bitcoin useless. Wouldn't work completely. Not only is an EMP not very likely to do widespread damage to small, disconnected electronic devices (cell phones, Ipads, Ipods, Kindles, etc), a great many people now own computers that are moderately guarded against EMP by virtue of EMF shielding that is required due to the very high frequency rates that modern cpu's and memory buses operate at. Without such common EMF shielding, pc would be subject to crashing anytime an old spark-gap vehicle drove past on the street or anytime that streetlamp that is going bad turned back on. It's also a known issue, so some geeks will go the extra step and actually build their own computers into a faraday cage or buy a case designed as a faraday cage using decoupling power supplies. I would say, with near certainty, that a nuclear war wouldn't get every copy of the blockchain even if it can still get mine. Well, I was just going to make a snarky comment about throwing the baby out with the bathwater, but this works too. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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ruski
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April 06, 2013, 04:12:21 AM |
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what if some government organisation or the fed itself was the creator of btc ? they´d get rid of their critics/enemies and future rivals in an elegant way. they´ll annihilate us financially one day and just pull the plug. And how, exactly, do you suggest that they cram the genie back in the bottle? They set off EMPs which would destroy every computer making bitcoin useless. I would say, with near certainty, that a nuclear war wouldn't get every copy of the blockchain even if it can still get mine. A nuclear war would, however, get the majority of disposable power generated for a given country, as well as a good portion of the occupants of said country. A single surviving ASIC could take over much more than 51% of the blockchain. Not to mention the fact that the Internet would be in tatters. |
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TiagoTiago
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April 06, 2013, 07:20:28 AM |
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There two things couldn't possibly have anything to do with each other; and I doubt (as in, completely disbelieve) Satoshi has anything to do with any government entity. If it did, it wouldn't have any of the properties it has now; Bitcoin would've been inflationary, with an always increasing supply, and sending Bitcoins would not only be expensive, but it would take only slightly less time than anything else. Oh, and it would be backed by the heart-warming smiles of politicians and advertised to death on every public news network as "the most revolutionary, 100% legit alternative to the dollar, which has never been used to traffic drugs and if you use Bitcoin, you will be fighting terrorism." And besides, the last thing anyone wants to do is ween you off the dollar. You might start thinking crazy things, like, "Why is my money so worthless?"
TOR was created by "them", and it still gets bad press and misconceptions by the general public... |
(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX  The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar! |
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Mike Christ
aka snapsunny
Legendary
Offline
Activity: 1078
Merit: 1003
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April 06, 2013, 07:27:34 AM |
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TOR was created by "them", and it still gets bad press and misconceptions by the general public...
TOR is one thing. Getting between America and its profits is high treason; nobody working directly beneath them would dare introduce a new currency. |
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||bit
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April 06, 2013, 07:40:42 AM |
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Remember the game when you were a kid called Mr Potato Head? Well, now you can dress up your own conspiracy theory. Just pick out the pieces you like from the following, and see what you can make: http://en.wikipedia.org/wiki/July_2012 |
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