Quote:
Originally Posted by sxcladies
So if any world power was serious about taking shit over they would only need 83 million dollars..... no world power has that much money!
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Do you think the U.S. and Chinese governments aren't already building mining farms?
They are.
Quote:
Originally Posted by sxcladies
So what if there is no "warehouses full of bitcoins". Pretty sure if all the major world powers declared btc illegal the hash rate would instantly bottom out as your massive egalitarian server farms shut their shit down to avoid massive fines/criminal charges.
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The Bitcoin network is decentralized. People would keep mining in secret where necessary, or migrate to more friendly geographic regions -- but that isn't even relevant; the notion that any government is going to be able to control Bitcoin is laughable. Bitcoin is going to kill the dollar, and the U.S. government will follow;
good money pushes out bad money, and socialist governments depend on having control over the money supply. Plus, it's "illegal" to share movies and T.V. shows, but torrenting those files is bigger than ever; bittorrent makes up a significant portion of all internet traffic.
Quote:
Originally Posted by sxcladies
Anyway if you want to keep arguing the point then ill do so in pm, thread needs to get back on track
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#bitcoin-assets.