Post
Topic
Board Bitcoin Discussion
Re: How long until governments outlaw bitcoin usage?
by
em3rgentOrdr
on 01/04/2011, 03:14:31 UTC
Quote
"Outlaw Bitcoin"? Well, maybe.. But idea is alive and I don't think it can be stopped.
You only need > 50% of GPU power to stop it. (think double-spends) The governments of the world only need to conjure up slightly greater than 50% support of the network to suppress the rest, kind of like "majority rule" democracy.

Except of course for the fact that the bitcoin miners actually have to expend useful energy and resources when supporting the network unlike what is commonly understood as democracy where you simply mark some boxes on a piece of paper every couple years...  Smiley