Post
Topic
Board Bitcoin Discussion
Re: Decentrally mined currency has failed and can't possibly be rescued
by
UnunoctiumTesticles
on 01/12/2014, 06:02:36 UTC
1. if regulation was to come about people WILL move. as such people are already moving out of new york now. EG bitcoin foundation is now in london

You can't move and escape FATCA. I explained why upthread. The control the USA has will catch up to all jurisdictions. You forget that the debtor is slave to the lender. The entire globe is short the dollar, because of massive dollar loans due to QE. The powers-that-be planned very well. The USA will be the strongest of the world for another decade or so, just long enough to complete all the confiscation of the world's wealth before they do the monetary reset and new world order peace in 2032.

2. regulations take time. months infact. more than enough for someone to recode their network software to be more stealthy. more than enough time to ship devices abroad and set up

I am talking now about designing a solution and you are arguing against it. Just stay with Bitcoin everything is fine. We just need more of people like you to be sure regulations move faster than we can.

3. even if one large farm gets shut down due to lack of care, other people will continue to mine on different pools. in short bitcoin wont die if 1 mining farm gets shut down

One large example is enough to teach the others how to protect their investment, i.e. don't fight with City Hall.

4. the whole bases of being decentralized is actually better then your worrying scenario's. because you are talking as if every bitcoin miner is in a centralized location. thus meaning centralized/solo mining is dead and cant be rescued. not decentralized.

For you the entire world's problems can resolved in church by singing "decentralized halleluiah". Never mind actually preparing and implementing. Just a word and a lot of erroneous fantasy (e.g. category error conflation, "decentralization means piratebay and marijuana is same as Bitcoin" yahooyahoo) is enough for your flock.

6. even if you continue to mine in NY, its easy to say that your a remote mining host for users. and that you are not the one in receipt of the 25btc per block.

"Show us your proof. Uh no proof, okay we are confiscating everything, here is your receipt to show up in court", says the authorities.