stumbled on to this very recent article that mentions Marinecoin.
SOURCE:
http://bitcoinist.net/what-can-actually-kill-bitcoin/https://pbs.twimg.com/media/ByFEei8CAAEAdqd.pngwww.marinecoin.orgWhat can actually kill Bitcoin? by Edward DeLeon Hickman
September 15, 2014
Amid the turmoil of today’s news regarding Russia “banning bitcoin“… again. It seems a good time to sit back and ask ourselves just what kind of threats cryptocurrencies face both internally and externally.
putin and btcThe obvious starter to this conversation is of course, government regulation. As entrenched oligarchies feel their stranglehold of the money supply loosening we can expect a whole range of tactics to be employed by various regulatory bodies across the globe. In fact, my think tank has been ominously calling the end game of this development “World War C”, as governments realize they cannot stop cryptocurrencies without eventually resorting to violence and outright totalitarian control.
Doomsday scenario’s aside, world governments should really be thanking their lucky stars Bitcoin currently holds the top spot in the cryptocurrency space. As there are a myriad of trickier currencies (some with full on anarchistic leanings) already waiting in the wings. For any world government, it will be best to embrace cryptocurrency in it’s current form or not only will you fall behind the rest of the world technologically as competing markets become more and more efficient but you will also be kicking a hornets nest that will involve some of the brightest minds in the community finding ways to completely subvert or work around your fiat system (something that has arguably already happened with inventions like
MarineCoin floating around).
For my part I am less concerned about global regulation than I am about internal threats such as a bug that goes unnoticed for a long period of time or the full on centralization of mining. In fact it was the latter problem that prompted me to explore this issue further as the Beijing, Qingdao and Hangzhou based mine called “Discus Fish” recently surpassed GHash.IO as the largest mining operation in existence.
Whereas just a few months ago GHash.IO was catching flack for it’s ever expanding share of the network now “Discus Fish” seems poised to snatch the top spot and never let go with a dangerously impressive 24% of all blocks mined.
