IF the NSA wanted to take control over Bitcoin, how would they do it?

[AGD]

+1 because it is more and more becoming the ugly truth

[classicsucks]

Ah, well then I guess someone would suggest those things. But I see no path to a takeover yet. Although I would love to see banks lose a billion dollars trying.

+1 because that could be exactly what's happening in the BTC futures markets right now - if they're able to short BTC down below $10k, then I think we'll see abandonment of the BTC Kore chain. In which case Bitcoin Cash assumes the lead position. And Wall St. is left bagholding!

[sirkings0003]

Some ideas on how it could work:

- Read through the connection data (phone,email etc) from key figures of the Bitcoin community to gain insider knowledge
- Infiltrate core development and replace Bitcoin key figures with NSA staff
- Discredit respected members of the community
- Kill people, if they don't corporate.


Are core devs discussing this possiblility of a large scale infiltration and how to avoid?

This is a very necessary precaution of which i support. There is a possibility that this is already on going. Even though it is going to be a difficult task to take down cryptocurrency entirely, precautions are necessary.

[BurtW]

Ah, well then I guess someone would suggest those things. But I see no path to a takeover yet. Although I would love to see banks lose a billion dollars trying.

+1 because that could be exactly what's happening in the BTC futures markets right now - if they're able to short BTC down below $10k, then I think we'll see abandonment of the BTC Kore chain. In which case Bitcoin Cash assumes the lead position. And Wall St. is left bagholding!

I do not understand what you mean by "short BTC down below $10k".  It sounds as if you are saying that the existence of the BTC futures market allows "them" to manipulate the BTC price and force it lower?

Exactly how would that work?

[BlackRacerX]

Some ideas on how it could work:

- Read through the connection data (phone,email etc) from key figures of the Bitcoin community to gain insider knowledge
- Infiltrate core development and replace Bitcoin key figures with NSA staff
- Discredit respected members of the community
- Kill people, if they don't corporate.


Are core devs discussing this possiblility of a large scale infiltration and how to avoid?

As crazy as it may sound, the NSA can send a giant computer virus that will target the blockchain. Bitcoins need the blockchain, so when the blockchain is in jeopardy, then the NSA got us on our balls. But this will definitely take a couple of years to do so as of now, we can take advantage of bitcoins.

[BurtW]

Some ideas on how it could work:

- Read through the connection data (phone,email etc) from key figures of the Bitcoin community to gain insider knowledge
- Infiltrate core development and replace Bitcoin key figures with NSA staff
- Discredit respected members of the community
- Kill people, if they don't corporate.


Are core devs discussing this possiblility of a large scale infiltration and how to avoid?

As crazy as it may sound, the NSA can send a giant computer virus that will target the blockchain. Bitcoins need the blockchain, so when the blockchain is in jeopardy, then the NSA got us on our balls. But this will definitely take a couple of years to do so as of now, we can take advantage of bitcoins.

In other words you have no idea of what Bitcoin is, what a blockchain is, where the blockchain resides, how Bitcoin works, or pretty much anything you just blabbered on about, right?

[noictib]

Some ideas on how it could work:

- Read through the connection data (phone,email etc) from key figures of the Bitcoin community to gain insider knowledge
- Infiltrate core development and replace Bitcoin key figures with NSA staff
- Discredit respected members of the community
- Kill people, if they don't corporate.


Are core devs discussing this possiblility of a large scale infiltration and how to avoid?

This is really a big question for the big authorities , And also we knows that already many countries like Japan has big success in technology and they are able to make more control ( stop or make it garbage) but still they just regulated it by imposing tax on the buy sell of Bitcoin , so we can make ourself sure that it is 99% impossible for anyone to stop it by technology , even if any government may ban through ip but can't ban through vpn services use .
And also here we should see towards the humanity that money doesn't have more importance than what people's life have , so they can't kill people to use Bitcoin .
So here we can say there is currently no chance for them to control over btc .

[Coin12]

They will need more hash power than the whole world mining today to do a 51% attack, which is probably nit gonna happen. There is no other way to block bitcoins.

I also think is not possible to control bitcoin. How they can have more than 51% of hash power of mining?
However, like in the thread above, why they to kill people because they just want control bitcoin? Is NSA bad company? Confusing.

[classicsucks]

Ah, well then I guess someone would suggest those things. But I see no path to a takeover yet. Although I would love to see banks lose a billion dollars trying.

+1 because that could be exactly what's happening in the BTC futures markets right now - if they're able to short BTC down below $10k, then I think we'll see abandonment of the BTC Kore chain. In which case Bitcoin Cash assumes the lead position. And Wall St. is left bagholding!

I do not understand what you mean by "short BTC down below $10k".  It sounds as if you are saying that the existence of the BTC futures market allows "them" to manipulate the BTC price and force it lower?

Exactly how would that work?

Nothing that complicated really. The mainstream sources I read said that the futures market would correct an imbalance in the markets because buying BTC was easier than selling. Currently they say that the futures markets have a short bias. That would mean (in theory) that the BTC/fiat price would be going down, which it has. If the futures markets allow naked shorting, then the price will really drop. This is just from a conventional financial markets perspective. If you throw in all of the "funbux" Tether tokens and other blatant market rigging, then you've really got a recipe for price drops.

Alternately, Bitfinex could just keep pumping up the price with Tethers etc. Pretty soon I think we'll see a clash between the market participants as BTC dominance and use cases continue to plummet.

[obinine]

Page 8 and no plausible method. 

Unless they some how find a hack to break into the blockchain and duplicate bitcoin or somehow excecute a 51% attack there’s no way they’re pulling off anything lol

[morrisby25]

NSA or any other agency won't gain anything by destroying Bitcoin because it's not a threat to the national security of any country right now and I don't think it will be any time soon. Plus Bitcoin is open-source right? So any tampering with the source code or placing backdoors would be easily noticed wouldn't it?

Abslutley! it would be an exercise in futility for any government to try and manipulate bitcoin.  The genie is out of the bottle nad now we are in control.

Worst case even if BITCOIN is hacked into by the NSA will they spend their time and effort into breaking into every single cryptocurrency out there? Something else will replace bitcoin