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Author Topic: US goverment to start mining bitcoins!  (Read 2797 times)
Bobsurplus
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January 28, 2014, 08:07:49 PM
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CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?
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January 28, 2014, 09:20:08 PM
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Watch out for that 'unknown' pool Wink
Bobsurplus
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January 28, 2014, 09:26:23 PM
 #3

For real, we don't need the government mining bitcoins or any other coin for that matter. Its only going to push us small time miners overboard, drowning in our sorrow because the diff keeps jumping 100%.

 Embarrassed
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January 31, 2014, 05:39:05 AM
 #4

this post is shit it aint gonna happen

buying btc
Bobsurplus
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January 31, 2014, 06:26:26 PM
 #5

this post is shit it aint gonna happen


You have no clue what you are talking about!

Many times over the last few days I have heard that the government mining bitcoins is the only real way to make sure that the network is secure. An attack on the network can be done today for a few hundred million bucks. I know that sounds like a bunch but one unhappy bank or CC company can attack the network without flinching. A few hundred million is nothing to a bank with trillions.

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January 31, 2014, 06:57:22 PM
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this post is shit it aint gonna happen


You have no clue what you are talking about!

Many times over the last few days I have heard that the government mining bitcoins is the only real way to make sure that the network is secure. An attack on the network can be done today for a few hundred million bucks. I know that sounds like a bunch but one unhappy bank or CC company can attack the network without flinching. A few hundred million is nothing to a bank with trillions.



Where are they going to get the hardware from?

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January 31, 2014, 07:08:58 PM
 #7

this post is shit it aint gonna happen


You have no clue what you are talking about!

Many times over the last few days I have heard that the government mining bitcoins is the only real way to make sure that the network is secure. An attack on the network can be done today for a few hundred million bucks. I know that sounds like a bunch but one unhappy bank or CC company can attack the network without flinching. A few hundred million is nothing to a bank with trillions.



Where are they going to get the hardware from?

That's a great question. I have been wondering this myself since the latest hearings.
I can only assume they will get them built from one of the huge chip guys out there.

All I know is that time and time again over the two days of testimony I heard the speakers suggest that the only way for the network to be truly secure is if the gouv gets behind it and starts working to secure it and its future.
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January 31, 2014, 09:00:54 PM
 #8

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?

Hello !

What is your source of information ?
If your news are real, then the price of the BTC should rise above $1000 next week.

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Bobsurplus
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January 31, 2014, 11:28:31 PM
 #9

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?

Hello !

What is your source of information ?
If your news are real, then the price of the BTC should rise above $1000 next week.


Charles Lee the creator of LTC suggested it at this weeks senate meeting. As well as the chick in the third group of speakers on day 2.

ITS CONFIRMED!
Sonny
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February 01, 2014, 12:09:20 PM
 #10

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?

Hello !

What is your source of information ?
If your news are real, then the price of the BTC should rise above $1000 next week.


Charles Lee the creator of LTC suggested it at this weeks senate meeting. As well as the chick in the third group of speakers on day 2.

ITS CONFIRMED!

Care to share any link?
djarot
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February 01, 2014, 12:31:06 PM
 #11

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?

Hello !

What is your source of information ?
If your news are real, then the price of the BTC should rise above $1000 next week.


Charles Lee the creator of LTC suggested it at this weeks senate meeting. As well as the chick in the third group of speakers on day 2.

ITS CONFIRMED!

- Charles Lee Statements at the New York Bitcoin Hearing Day 1 Panel 2 Jan 28 2014
Gator-hex
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February 01, 2014, 01:50:55 PM
 #12

Pure speculation, but is the UK government already mining Bitcoins?  Wink

Cex.io is a registered UK LTD company on Threadneedle Street, the same street as the Bank of England, in the City of London where all the old money banks are located!

The (Secret) City of London http://www.youtube.com/watch?v=LrObZ_HZZUc


Fireblade
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February 01, 2014, 07:23:42 PM
 #13

Pure speculation, but is the UK government already mining Bitcoins?  Wink

Cex.io is a registered UK LTD company on Threadneedle Street, the same street as the Bank of England, in the City of London where all the old money banks are located!

The (Secret) City of London http://www.youtube.com/watch?v=LrObZ_HZZUc


And the US government owns the "undefined" part of the hashrate. Waiting for a right moment to use there 51% share.  Cheesy
Buffer Overflow
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February 01, 2014, 07:30:46 PM
 #14

My guess is they were mining it long before most people on here had heard of bitcoin.

Sonny
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February 02, 2014, 10:59:07 AM
 #15

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?

Hello !

What is your source of information ?
If your news are real, then the price of the BTC should rise above $1000 next week.


Charles Lee the creator of LTC suggested it at this weeks senate meeting. As well as the chick in the third group of speakers on day 2.

ITS CONFIRMED!

- Charles Lee Statements at the New York Bitcoin Hearing Day 1 Panel 2 Jan 28 2014

Thanks for the link, and hm....missed the word "suggested".  Tongue
Alphi
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February 02, 2014, 11:08:06 AM
 #16

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?

yes he did I saw the panel interviews.. and don't worry several governments around the world already have elements that are mining bitcoins etc. china probably being the biggest.


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Bobsurplus
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February 02, 2014, 08:33:40 PM
 #17

My guess is they were mining it long before most people on here had heard of bitcoin.


Care to elaborate on that a bit?
DrG
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February 03, 2014, 02:06:43 AM
 #18

Yeah yeah and Greenspan is actually Satoshi  Cheesy

BTC: 1AMfUrM37cCHcAvyYGx9bsJWjt6rdCu7sj
ETH: 0x427f41c3a6b79ca643210195a33cdbaa714177aa
SnakeEater
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February 03, 2014, 04:33:28 PM
 #19

BTC is useful to resolve infinite FIAT problem between countries.

FOREX, FIAT, BTC, Alt crypto, commodities should have technologies converged and linked to real physical world.  New digits are not mined but a record of input from reserve from real world rather than mining.
HellDiverUK
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February 03, 2014, 09:04:25 PM
 #20


Cex.io is a registered UK LTD company on Threadneedle Street, the same street as the Bank of England, in the City of London where all the old money banks are located!


It's more likely part of this company's 'virtual office' which is in that building.  Anyone can get a fancy address through these guys.

http://www.beoffices.com/our-products/virtual-offices/virtual-office-locations/london-city/threadneedle-street

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