Quote from: jballs on January 30, 2014, 03:56:27 PM

Quote from: greyhawk on January 30, 2014, 03:43:36 PM

Quote from: pjviitas on January 30, 2014, 03:29:17 PM

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

I seldom use the term but... Lol.

You are going to shut down every exchange in every jurisdiction in the world, including localbit, craigslist, irc?

Outlawing bitcoin trading would send the price to the moon. No sense arguing that point, name a thing that costs less on the black market than it costs in a free market. One thing...

As for OP I came to the same conclusion, about the major pools anyway. That is why i put money in VTC. I dont know if they will fly, but they are moving the ball towards decentralizing again, surely a moving target but altcoin will survive even if bitcoin dies. But i do not really expect the gov to kill it, just regulate it eventually.

Marijuana.