Re: Taking Down Bitcoin

[ondratra]

Well I think about BTC as an gate to new world we have already entered. If Bitcoin itself becomes corrupt we can always give value to another crypto (with need for different hardware). Also there is not just one Goverment on planet meaning they would compete with each other even when such "BTC destruction plan" would exist.

[softstorb]

Once again the big players wnt allow this!

[bitcoin4eva]

Sorry bout my calculations which were incorrect, but still you get the idea. At 100PH/S you would have to pay 1000 times more, a small sum of 169,000,000$. No-one, I mean NO-ONE would pay fucking 169million$ just to prove a point.

[EnterReturn]

I think if a government bought up tons of ASICs and took down bitcoin, we would likely fork to bitcoin 2.0 with a new proof of work algo.  Everyone who owned bitcoins would support that to preserve their wealth.

or some of those who owned bitcoins would find another way to to preserve their wealth.

[bluemeanie1]

Why the government would want to kill Bitcoin? For the same reason for which they destroyed eGold and Liberty Reserve. Now speculations exist that Bitcoin might be the next target and rumors exist that "hackers" switch from Liberty Reserve to Bitcoin.

this article is about a platform called Perfect Money, not Bitcoin.

-bm