lets not bullshit, everyone here not part of the pyramid scheme of bitcoin, wants to be. im not trying to knock it. all forms of money is. there are those who use it for means of living and those who horde it for its value, hoping to gain what they lack. i do respect the idea though, of trying to remove the controlling grabs from of the controller (IMF, WorldBank), so i offer how i would attack bitcoin if i were one of these controllers.
i would use my telecommunication corps. which are heavily in my debt, whom also controls the internet, to 1) slow down all internet traffic bitcoin related. i would also 2) be forming a large mining farm to mine with larger machine and faster speeds. isnt the only way to beat bitcoin, by having your computer beat the combined network in solving the block chain ? didnt i just do that with steps 1 & 2 ??
You seem to be missing the point of decentralization. In addition to having no central entity control the generation, distribution and destruction of Bitcoins, decentralization also allows the supporters and users of Bitcoin to decide amongst themselves how to determine the validity of blocks and transactions. If necessary, the Bitcoin protocol can be modified to ignore any entity involved with any form of malicious attack, leaving the attackers with a useless fork of Bitcoin. Also, if there should come a time that a single entity were to become powerful enough to acquire absolute monopolistic control over the Internet speed of every single computer in the world, I highly doubt that the first thing on anyone's mind would be "what will happen to Bitcoin?"
How much do you know about Bitcoin? Have you even read the whitepaper yet?