Post
Topic
Board Bitcoin Discussion
Re: why wouldnt a government create its own asic to 51% bitcoin?
by
DooMAD
on 15/08/2017, 14:44:56 UTC
I can tell you that with certainty

Personal profits are on their minds exclusively. They don't care for Bitcoin, blockchain, or whatever, all what they are actually looking for is money which they could receive as budget financing if they successfully push this idea into the budget plan for the next few years. Whether it will bring anything of substance doesn't in the least interest these dudes. All the buzz words they say with such a serious tone and pompous view are said entirely with this purpose in mind

i must of missed this rumor.. could you clarify or link to it?

you mean russian government wants to mine for itself? ie budget it out (the mining farm) and all profits go to the government?

wonder if they would make it illegal for russians to mine for themselves or use others pools. mine to the russian pool or else..

No, no, there have been some crossed wires here.  The claim is that deisik knows with certainty that the Russian government want to make profit (which is a fair assumption, I suppose).  However, deisik doesn't know with certainty how they plan on achieving that goal, but suspects it's not going to be Bitcoin.  It sounds as though deisik is saying they could conceivably allocate some of their fiat budget to investigating the possibilities and, even if nothing came of it, that research money in and of itself would still be profitable for someone (not that they necessarily are doing that research, just that they could).  

Even if there were a government planning on getting involved with large-scale mining operations, which seems unlikely to begin with, announcing such a project publicly would be a likelihood even more remote.  There isn't any real profit in a 51% attack, which is probably why no governments have attempted it.  But someone somewhere is probably spending a boatload of money in research to learn that obvious-to-us fact the hard way.