Quote from: mikeywith on February 16, 2020, 08:16:35 PM

Quote from: stompix on February 15, 2020, 07:46:05 PM

You're underestimating the power of the US and its influence, and this comes from an EU citizen, not some 2nd amendment freak.

I am not sure if I am underestimating their power or you are overestimating it, the U.S has been slapping sanctions on Russia, North Korea, Iran, China, Syria, well you name it, and the results are not as bad, the earth has not stopped spinning.
The projected results are even worse

But what do I know? I might be really "underestimating the power of the US"

Gdp means nothing...sspecially when it is :

Quote

A chart shows the world's top dozen national economies by purchasing power parity (PPP) as of 2018, along with projected growth for next year.

PPP simply means that if you earn a $ in Indonesia you can buy two pieces of bread unlike in the US where you can buy half.
But, you still in both cases have 1$!

Does your PPP mean anything when we talk about mining gear for example?
Is a s17 10 times cheaper in Mali than in Norway? Because by PPP it should be! Cheesy

Let me give you two or maybe three examples of why it doesn't.

You have 100 people earning 300 euros a month, that's 30k, but each must spend 250 for food and housing, in the end, they have left 5k.
You have 10 people earning 2000 euros a month, that's 20k, but they only spend 1000 on food and housing, int he end they have left 10k for investing...
With which group you want to deal?

And even if the GDP would matter, it would matter more where that money is spent and how.
Because UAE might be wealthy but when the crown family throws away 500 million on English football teams and another measly 50 million on horse racing.. you're starting to wonder.

In the graph, you showed India tops France and Germany.
Nice, let's look at how much the world thinks of it.
India and Pakistan bombed each other, two nuclear powers, two huge economies...nobody cared.
Now imagine Germany bombing France....

In 2007 US coughed twice., it sent the entire global economy to its deathbed.

Quote from: mikeywith on February 16, 2020, 08:16:35 PM

So you really think if the U.S bans bitcoin mining for an example, the rest of the world will do the same? Also, I would like to hear your comment about how would the U.S government go about banning bitcoin anyway, does their constitution give the government enough rights to do that?

I wasn't talking about the US banning only mining, but banning usage. Who would care about mining where there is nothing left to do with them?

The constitution isn't preventing the government to ban anything aside from things that go against human rights.
Just how they've banned drugs, pesticides, cars, and Huawei equipment they can ban everything they want.

Quote from: mikeywith on February 16, 2020, 08:16:35 PM

First of all by admitting that a 51% attack on BTC is very possible, and is IMO the most powerful way to fight bitcoin, way more effective than simply trying to ban it.

As others have said also, I stand by my opinion, why would be something that technical?
Raid coinbase with a SWAT team and from 3 billion in equipment you can do it with 10 million worth of it. Wink