Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
andjo327
on 11/03/2014, 14:03:06 UTC
Hmm maybe this could be an interesting discussion. I think the end game is an interesting discussion but that a single company like KnC or Gox will destroy bitcoin if they fail I find boring.

Lets say bitcoin become the global currency. All the mining is in the hands of all countries different goverments. What can they actually do, sit down together and discuss like they try to do now regarding Ukraine and vote to do some kind 51% attack. Anyone have any idees? My guess is that they at that point have past the point where they want to shutdown bitcoin. And they wouldn't be able to print more money would they?

The bitcoin foundation forcing regulation upon us would for me be the worst move ever, mainly because I view regulation for most part as the opposite of freedom and also becuse I think the small group of people regulation would be even more subject to political pressures and bribes etc.. than the companies working in the space.

Just my thoughts.