Post
Topic
Board Mining speculation
Re: Conspiracy Theory and ASICs
by
fernarios
on 11/01/2013, 13:07:28 UTC
If you think the government is a force for good in the world, just turn away now, because this is a conspiracy theory of an anarchist.

If I were an entity such as the Federal Reserve or US Fedgov I would be extremely threatened by Bitcoin.

If I were paying attention to Bitcoin, and studying it to find ways to cripple it, I would likely be most drawn to the 51% attack.

If I wanted to have the hashing power to easily dominate the mining industry I would seek to procure the most powerful mining equipment.

If I discovered that the most powerful mining equipment were ASIC, and they were manufactured by a company called BFL, I would make a proposition to BFL.

I would give them an ultimatum.

I would make sure that for every ASIC sold to the market, that ASIC would sell me two.

I would threaten them if they did not go along.

I would make sure that I had enough mining power to dwarf the market's mining power at all times.

If at any point I wanted to stop processing transactions I would fire up my ASIC rigs.

Thoughts?
Change "ASIC" for "GPU" and "BLF" for "ATI" ... What is the difference?.