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Question: Should governments invest into Bitcoin mining?
Yes - 2 (8.7%)
No - 17 (73.9%)
Maybe - 1 (4.3%)
I don't know - 3 (13%)
Total Voters: 23

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Author Topic: Government and mining  (Read 580 times)
SaberCoin
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January 28, 2014, 08:11:18 PM
 #1

Charles Lee was asked on the NYDFS public hearing regarding bitcoins about the possible 51% attack on how/why it should be regulated to avoid it. He simply answered that the Government could help protect the network. Is this a possible future vision where governments will invest (with tax payers money) into bitcoin mining? Imagine governments around the world competing in mining and how much value that would bring to bitcoin.

I've added a poll to see what most people think here about it.
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yatsey87
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January 28, 2014, 08:44:59 PM
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I think we're trying to get away from state control and tyranny.
btc_dev
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January 28, 2014, 09:00:44 PM
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Charles Lee was asked on the NYDFS public hearing regarding bitcoins about the possible 51% attack on how/why it should be regulated to avoid it. He simply answered that the Government could help protect the network. Is this a possible future vision where governments will invest (with tax payers money) into bitcoin mining? Imagine governments around the world competing in mining and how much value that would bring to bitcoin.

I've added a poll to see what most people think here about it.

This is quiet possible, especially for countries under dictatorship, e.g. North Korea
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January 28, 2014, 09:02:07 PM
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I think most btc folks would hate that idea.  But what's to stop them?  There's nothing in the network to stop anyone from mining right?  including big corporations who might see profits.
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January 28, 2014, 09:28:50 PM
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Theyd only f?.k it up.  Grin

Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP
BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb
LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
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