Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will fail
by
BTConomist
on 01/06/2013, 01:24:26 UTC
either you are a very smart delusional, or just delusional. How does a new bitcoin fork change anything, sounds like a scam.

Ok here the steps:
1. Some government tries to buy up all the Bitcoins, so they pump millions after millions in it


Why should governments buy when they can just mine? And while they're at it, why not amass 51% of the mining power to fork a block chain to one's liking?

You seem to underestimate the power of the masses, my friend... If you didn't know, governments were designed to represent the masses, including the interests of corporations. When taking into account millions upon millions that are being represented, pennies can add up to a nice chunk of dough, even enough to buy every mining rig out there, ASIC-based or not. Did I say buy?... Sorry, I meant confiscate.