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Author Topic: Govts want crypto they can control  (Read 890 times)
BlueStackz
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February 25, 2016, 04:21:26 PM
 #21

Yes, this is what the Government wants. They want to control the Crpto currencies so that they can generate their profits
from it. Bitcoins is build on the idea that no Govt. controls it and it is only controlled by the people who uses them.
That's the best part of bitcoins.

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February 26, 2016, 06:02:26 PM
 #22


I'm not a conspiracy guy but having a read I can only think of a gov dictatorship that will get only stronger if they could use a cryptocoin. Credit cards already give this chance of greater control over our money and the more tech goes on the lesser privacy we will have
Well if the blockchain that the government would use was centralized, then it would not be resistant as Bitcoin. The government might want to take advantage of cryptocoins, but we've yet to see examples of their work. A lot of them don't understand the technology at all.
Lauda I would not be so sure about it. I think they have some task force to study and analyze how a bitcoin-like cryptocurrency can be implented to be at their absolute disposal. I mean the code is out there: even a kid could create a coin(and that happens quite often).


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Duomo
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February 26, 2016, 06:05:33 PM
 #23

Not surprised that the government would basically want to do this. The governments know they are "late" to the game. They have the recognition lag of realizing they are late to the crypto-currency system. Now, they face implementation lag with distributing and thoroughly getting a large majority of individuals to start using this. Finally, impact lag would take quite a while to realize the full potential of how this works out over time.
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February 28, 2016, 06:41:23 AM
 #24

Not surprised that the government would basically want to do this. The governments know they are "late" to the game. They have the recognition lag of realizing they are late to the crypto-currency system. Now, they face implementation lag with distributing and thoroughly getting a large majority of individuals to start using this. Finally, impact lag would take quite a while to realize the full potential of how this works out over time.
I dont think so Government will be able to do so. The digital currency like bitcoin would presumably circulate in parallel (and at par) with banknotes and other existing forms of the national currency. Bitcoin is totally out of reach for any Government.

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February 28, 2016, 07:15:02 AM
 #25

I'm with Apple here.

By looking at the case alone, it seems like Apple should help to unlock the phone to extract whatever information within. Many people feel that Apple is wrong for not doing this- I feel the same too!

However, when you look at the broader picture, if Apple decided to help this time round, it will set the "first example" and in future the government can make use of this "example" to request phone makers for whatever they want...

I inclined to agree with you.

But you have to realize that what the government is asking Apple to do, or the warrant they are trying to use is the most ludicrous thing ever. They are expecting Apple to reveal information that they have no way of giving, because that phone doesn't have any "back doors" and they don't have a way of retrieving the info they want... What the government is then asking, is to force Apple start producing phones with back doors from here on out, which is even more ludicrous. Anything you search on your smart phone which is deemed "suspicious" allows them to stalk you for as long as they please.

Keeping phones private without allowing back doors is way better for the innocent than the guilty for actual "terrorism" because "terrorist" with knowledge of hacking could then find these back doors themselves to retrieve personal info on anyone with that phone and can be even more of a threat to your average joe.

Allowing the government to force Apple into this is definitely not the way to go.

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February 28, 2016, 10:39:38 PM
 #26

Lauda I would not be so sure about it. I think they have some task force to study and analyze how a bitcoin-like cryptocurrency can be implented to be at their absolute disposal.
Again, you didn't see the point behind my post. If they create a centralized blockchain then it loses out once of the important 'features' of this technology (decentralization). Centralized means it will be more susceptible to attacks. Just because they have resources, that does not mean that they know how to use them properly (and we've seen that they usually don't).

I mean the code is out there: even a kid could create a coin(and that happens quite often).
Creating a random coin is one thing, adding new features and improving the infrastructure is another.


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