Post
Topic
Board Bitcoin Discussion
Re: The government could destroy Bitcoin
by
wenben
on 25/08/2014, 18:45:37 UTC
If the government really wanted to fuck Bitcoin they would only need to folk out a few million and buy out most of the Bitcoin in existence right now and Bitcoin would become worthless. they see it has a threat so this is going to happen if we like it or not. They have a plan and this is probably it. theres only 13 million in existence right now thats like a few billion dollars right? the government can afford that. All they would have to do is buy anonymously and offer 10% more than the current price peoples greed would take over and it would then be fucked Bitcoin would become worthless in less than a week.

unless we have a way of protecting this? did not think so.

They can only destroy this version of bitcoin and blockchain.

The technology and protocol are open source, developers can start another identical coin with new blockchain. Not to mention there are many other altcoins waiting to be the "main coin".