Post
Topic
Board Bitcoin Discussion
Re: Wikileak's Survival now Depends on Bitcoin
by
relmeas
on 26/10/2011, 19:33:29 UTC
i think this is great news, this is basically the very reason bitcoins still do have any kind of chance to survival. because this is the only thing bitcoins are really useful for - the anonymous payments that would otherwise be impossible due to gov't interference.

if uses such as thie would become widespread due to bitcoins utility, the usage value would grow and so would hash rate which would reinforce the bitcoins.

however with great usage may come great danger as well. when gov't realizes they can no longer shutdown wikileaks contributions, they may as well spend a relatively little money to shut down bitcoin itself. but this would happen sooner or later anyway if bitcoin would gain any real impact so it's all the same.

i wonder how will they react though - by technical means (using some supercomp cluster plus simultaneous DDOS on several largest pools to pollute blockchain with mundane blocks) or just shutting down the exchanges since that's essentially where will people like JA collect all the donations they received.