Post
Topic
Board Politics & Society
Re: Bitcoin petition to stop US gov from interfering
by
mintybits
on 14/04/2013, 07:33:29 UTC
   
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If i thought a silly petition like this was worth arguing over debating I would have done so.
 
  
Just to be clear:  I think the petition is silly too, but the idea the government would attack bitcoin is very plausible, especially with all the media momentum it had garnered since Cyprus.  Like I said above, good luck finding proof; so by definition it IS a "conspiracy theory", but so was the Gulf of Tonkin incident until recently.
 
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On a side note.... why do people in America think everything revolves around America and the American government.
 
1) The American government has shown little to no intent on messing with bitcoin aside from a few politicians who wanted the silk road banned. In fact it's been the opposite, the government has recently provided some groundwork for exchanges to follow, showing more of an acceptance to bitcoin then a desire to shut it down.

 
It's because the greenback is the reserve currency for the world.  If countries start loosing faith in the dollar, then the US Government is going to be in an even bigger pickle then they are now--it's a matter of national security.  The whole petrodollar thing first shocked me when I learned about it, but then it became so clear why we fight some of these stupid wars.  It's not just about the oil and the military contractors, but about the fact we make countries accept only dollars for their oil.  Imagine how much less the dollar would be worth if it wasn't mandated for OPEC countries?  It's all about keeping federal reserve notes as the worlds reserve currency.
 
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2) If there was a government that wanted to shut down Bitcoin by diong DDOS I can think of quite a few more countries who would be a more likely culprit than America.  China for example is the exact type of government that would HATE bitcoin and they also have the power to carry out a massive DDOS.

 
While China does posses substantial cyber threats, the US about 3 months ago activated 3,000 offensive "cyber warriors".  You bet your ass they have some serious DDoSing servers ready to go all around the world at a moments notice.  Bitcoin adoption in China per capita is very low compared to the US.