Ninjastic
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Board Bitcoin Discussion
Re: IF the NSA wanted to take control over Bitcoin, how would they do it?
by
becoin
on 06/05/2016, 17:44:50 UTC
Quote from: X badapple X on May 06, 2016, 05:38:42 PM
Quote from: becoin on May 06, 2016, 05:35:16 PM
Quote from: MingLee on May 06, 2016, 05:01:31 PM
If the NSA was really hell-bent on taking over Bitcoin, they would have to basically get at the core of Bitcoin; the miners. If they can control them, either through technical or physical control, then they can decide how to move coins, restrict blocks, and other various things. They would have to strike at the heart in order to kill it, anything outside of that wouldn't mean anything.
So, bitcoin is safe because majority of miners are beyond the reach of NSA in China.

Safe from NSA, not safe from Communist government which can make BTC illegal/nationalize mines Sad
Capitalist governments can also make BTC illegal/nationalize mines and even peoples possessions.

Quote
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The effect of the order, in conjunction with the statute under which it was issued, was to criminalize the possession of monetary gold by any individual, partnership, association or corporation.