Quote from: Wind_FURY on February 11, 2020, 08:59:31 AM

No. What kind of law could the any government make to outlaw software/code for a ledger?

Let's start
- ban all atms
- banks must stop servicing any cryptocurrency exchanges
- merchants are not allowed to offer bitcoin payments

We're back at SR levels in a second. What are you going to use is for? Look how shiny your 1s and 0s are?

Besides, we're talking about an extreme scenario here, some of you might be too young or have lived in a democracy all your life to even grasp what a dictatorship regime can do. They wouldn't even need a law, just grab 20 people who are known for dealing with cryptos make a lot of noise about it and throw them in prison for 40 years. On the forum, everybody is tough, in real life, 99% of those that aren't afraid of anything will piss their pants the moment the police knocks at the door at 2 am.

Let me quote :

Quote from: gmaxwell on January 25, 2020, 04:36:32 PM

'just have to catch some miners, gather them up on stage and shoot them in the head. (Or more realistically put them in prison). Don't hypothesize weird technical attacks when boring things will do.'

Quote from: Wind_FURY on February 11, 2020, 08:59:31 AM

Kjoas76 presented a valid debate about confiscating ASICs to try to stop Bitcoin, but using them to successfully 51% attack the network? Very debatable, https://twitter.com/bitcoin/status/1225544194946555904

People are thinking this wrong.

It is like a government would suddenly buy 2 million s17 and immediately launch an attack. Why?

Even a 9 yo would come with a better plan. Why not build gradually your hashrate?
Since it's the actual state doing so they get a zero cents electric bill, they even earn some coins which they can dump immediately on the market, pushing the price down, making it harder for other miners to keep mining and thus pushing down the actual hash rate that is done by independent miners.

If they add 30 PH of hash rate now and manage to get the price back at 8k 1/3 of the old true hashpower will be gone as almost any s9 will be losing money unless free energy. Do I have to add also the fact that if they manage to get ahold of 20-25% of that rate they would simply mine empty blocks and we all know where that would lead to?

Yeah overnight, the attack is not possible but if they would want and put all resources on table 3 billion is nothing.

But again, WHY would they want to do such a thing?