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Author Topic: US goverment to start mining bitcoins!  (Read 2797 times)
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February 03, 2014, 10:48:26 PM
 #21

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

Good one.  A real knee slapper!  Cheesy

No joke. I reckon Bitcoin would of come on their radar early 2010 easily. They monitor the internet,  that's what they do.

The real question is "how long did they mine for?"

I've got no idea.



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February 03, 2014, 11:52:58 PM
 #22

Yes it was "suggested". That was a highlight to an otherwise dry regulatory meeting.

Sometimes there's more truth in forums than anywhere else.  Twitter:  @cryptobitchicks   "I am expressing multiple attitudes simultaneously. To which are you referring?"
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February 04, 2014, 06:38:36 AM
 #23

at least the US government won't ban a good way to make profits Grin even that's just a suggestion from MR. Lee

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February 09, 2014, 09:42:25 PM
 #24

Could be true, but i think, China must be the big player.
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February 13, 2014, 02:23:15 PM
 #25

CONFIRMED...lol  Grin

But for real, did Mr lee just recommend that the US government start mining Coins to defend the network?
why not they hold enough bitcoin they will want to protect it Cheesy
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February 16, 2014, 12:21:14 PM
 #26

This is an interesting thread.

If this is true then there is only two possible outcomes:

A) The government takes over the network and crashes it.
B) The government takes over the network and controls it.

^^^^ BOTH VERY POSSIBLE ^^^^

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February 16, 2014, 12:24:47 PM
 #27

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

True.  Undecided

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February 16, 2014, 12:28:57 PM
 #28

Well is USA starts mining it what makes you think Russia and China will not jump right in???
I personally think North Korea will jump right in with a decent percent is USA jumps in!


 

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February 16, 2014, 12:39:07 PM
 #29

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?

A 3rd Gen D-Wave quantum computer would put a far dent in network security. They are only US$35M per unit. NSA or some other mob is sure to have a few dozen laying around.

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February 16, 2014, 07:49:35 PM
 #30

I'll believe it when I see it.

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February 17, 2014, 03:00:16 AM
 #31

They would never tell you they were doing it.

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February 17, 2014, 04:44:41 AM
 #32

We could fix QE right now - make a govt backed exchange that allows US to collect BTC in the form of fees - just being wishful.  Govt could use their scheme as the legally required version to be able to enforce taxation - handing over further legitimacy to cryptocurrency.  Govt could also incentivise through subsidies which will encourage adoption/innovation to adopt btc further.

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