Post
Topic
Board Bitcoin Discussion
Re: I finally figured out how the government can destroy Bitcoin
by
Alpaca Bob
on 31/01/2014, 12:25:16 UTC
Step one: Procure whatever hardware necessary to force difficulty to continue increasing.
Step two: Wait until the power requirements for running a mining setup from a single family dwelling becomes next to impossible.
Step three: Mop up any remaining centralized mining facilities through either taking them over in the name of national security or bombing it into the stone age.
Step four: Profit.

I wouldn't doubt that the NSA already has this kind of scheme cooked up and ready to deploy.

Psht. Gobbledigook. Here's how you kill Bitcoin:

Step 1: Shut down the exchanges.

Step 2: There is no step 2

You can't shut down localbitcoins, nor will you be able to shut down upcoming decentralized exchanges.