Bitcoin Forum
May 28, 2024, 06:16:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: If states truly would want to get rid of cryptocurrencies  (Read 407 times)
zwiggel
Sr. Member
****
Offline Offline

Activity: 672
Merit: 250


View Profile
September 29, 2018, 11:44:54 PM
 #41

If countries really want to remove electronic money, it will have a major impact on the world economy. Corporations, companies that invest in electronic money will go bankrupt. Many will be unemployed and the world currency system will be overturned.
CodyAlfaridzi
Hero Member
*****
Offline Offline

Activity: 1708
Merit: 541


View Profile
September 30, 2018, 12:44:20 AM
 #42

however the developed countries promote and support cryptocurrency as cryptocurrencies are benefiting them more than the developing countries, so there is a division in the united nations consil, which prevents state sponsored 51% attacking as being legal.
Why would they "destroy" cryptocurrency? Countries would be burning their resource for nothing that way. Besides, there an easier way to destroy it. Simply ban any activities related to cryptocurrency. I'm sure the number of users, hashrate, and price would drop drastically.

and what makes it worse this cyber weapon would then be able to eat more and more as each destroyed cryptocurrency would make the attacker even richer, which he can invest to have even more hashpower
What??? How does each destroyed crypto make them richer? You're being absolutely nonsense here.
xtrump101
Member
**
Offline Offline

Activity: 267
Merit: 11

$onion


View Profile WWW
September 30, 2018, 12:59:48 AM
 #43

they would easily be able to do that,
it costs just 6 billion to destroy bitcoin with a 51% attack
again going back to the basics of bitcoin and blockchain technology and one of it is that bitcoin cannot be destroyed it is distributed, so no matter how much money you use or how powerful you are you just cant destroy it!
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!