Imaginary Bitcoin Apocalypse - thoughts?

[itayl2]

I'm new to this, so just thinking...

Say some company, let's call her X, has almost unlimited resources (think Google). For some reason or another, that company is now motivated to crash Bitcoin.

If that semi-limitless company invests 10 billions dollars in building the most gigantic ridiculous Bitcoin farm in the world (10 billion is not that much, go check how much the tobacco industry spends on lobbyism / marketing).

Can either of the following things happen?
1. The computing mass increases to such a degree, and in turn the difficulty increases to such a degree, that no one but them and perhaps a few other big companis can remain in the game without losing ridiculous amounts of money, thus leaving them with more than 50% of the mass ( or they remain even though it's no longer profitable for them, just to be more than 50%)

2. They posses so much computing mass % that they simply pass the 50%

If I'm an idiot and do no understand some mechanisms involved here - please explain how I'm wrong and why

[techstorm2]

Why would any company, however large throw away 10 billion from their bottom line to simply crash bitcoin, id like to see them justify that to shareholders! ouch 

even if it was technically feasible, which im not convinced of. Companies like google are too busy looking at making profits out of new technologies like driverless cars etc..

[Bitventurer]

it will be replaced by another currency which will be based on PoS ?
fighting a cryptocurrency is insane.

[itayl2]

Why would any company, however large throw away 10 billion from their bottom line to simply crash bitcoin, id like to see them justify that to shareholders! ouch 

even if it was technically feasible, which im not convinced of. Companies like google are too busy looking at making profits out of new technologies like driverless cars etc..

Scenario -

World Bank: "Oh hey Google, listen, we need your help - please take 5 of your most skilled guys and setup this bitcoin farm for us, we'll give you 10 billion which we obviously have. Thanks!"

Google: "Sure, would you like fries with that?"

It's that easy. Bitcoin (and all other cryptocurrencies) is against some major interests.

[itayl2]

it will be replaced by another currency which will be based on PoS ?
fighting a cryptocurrency is insane.

It's extremely resource consuming, but insane is context dependent.

If you say to the world bank they would need to invest 10 billion annually to maintain their grasp on the world economy - they'd do it in a heartbeat.
If you say to all the major banks in the world they would need to invest 20 million each, annually, to do that same - they too, would do it in a heartbeat.


"It's unlikely" / "It would take humongous amounts of resources" don't really apply to apocalypse scenarios... Obviously apocalypse means some super major events have occurred already.

I'm asking whether there is a technical / logical error in my scenario.

[bryant.coleman]

Why would any company, however large throw away 10 billion from their bottom line to simply crash bitcoin, id like to see them justify that to shareholders! ouch 

Well... my guess is that an unholy alliance of Paypal, Goldman, Western Union, Visa, Master.etc will seriously consider doing this, if their business gets affected by BTC in the near future.

[itayl2]

Why would any company, however large throw away 10 billion from their bottom line to simply crash bitcoin, id like to see them justify that to shareholders! ouch 

Well... my guess is that an unholy alliance of Paypal, Goldman, Western Union, Visa, Master.etc will seriously consider doing this, if their business gets affected by BTC in the near future.

Agreed