- Congressman claims the US has no capacity to Kill Bitcoin!
Ok, the Congressman is a fool.
If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.
1. They could confiscate all bitcoins in the US and crash the markets.
2. They could have elite computer hackers target all nodes.
3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.
4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.
5. They could just threaten to bomb anyone that mines bitcoin.
Realize that if the decision to use force is ever on the table, then bitcoin is dead.
Bitcoin Energy Waste ensures that mining operation can not hide from government eyes.
Only Proof of Stake networks have the ability to hide from a world government intend on destroying it.
that if things need to be resulted with violence but i think it wont need,though all your point is possible and valid as US has all the force,tools and people to break everything they thing is against their will.
but we also knew that people of US are gaining from crypto theres no need for destruction
Yeah, you are right. Bitcoin is developed a lot over the past few years. There is no other competitors who can kill the bitcoin not to be more popular among other people especially for the newbies who are trying to invest in Bitcoin project.
its not the competition that OP is talking about but something powerful mate,and you did not get the point there