Post
Topic
Board Bitcoin Discussion
Re: ToominCoin aka "Bitcoin_Classic" #R3KT
by
exstasie
on 22/03/2016, 00:43:00 UTC

The Visa-killing 1000tps-on-Layer-One thing johnyj wants isn't Bitcoin.  Bitcoin lives in diverse niches, deep in the jungles of Asia and swamps of Florida; it cannot be shut down by a few phones calls to some (uninvested/unintersted) NETOPS guys at a few dozen COLO facilities.


In fact you just need a couple of phone calls to arrest Blockstream devs and stop Chinese mining pools to disable bitcoin network TODAY

Arrest them for what, exactly? The latter doesn't change anything -- if hash rate drops, miners elsewhere will pick up the slack, assuming it is profitable. If hash rate drops extremely quickly, we can release an update that causes the difficulty algorithm to update faster.

The dream of money launderers and drug dealers using TOR to do secret bitcoin transactions is what current core devs promote, but this "hide from your parents" children game will come to an end when the size of bitcoin economy grow enough large. At that time it will be too naive if you still think that you can hide from the governments. Governments have hundreds of ways to disable bitcoin if they want, chinese government has already demonstrated that power

How so? They can issue bans, but they can't disable anything.

So either you take the enterprise approach and make it official and regulated and accepted by the governments (thus you will never have any problem with bandwidth), or you play shady underground economy and be chased by FBI every day, that's your choice

What does being regulated have to do with bandwidth limitations? Those are infrastructural limits, nothing to do with the prospect of government prohibition.

I am beginning to think you are even more clueless than franky. But no one could top VS on the short bus candidate list. That guy is a Grade A Retard.