Post
Topic
Board Bitcoin Discussion
Re: Decentrally mined currency has failed so far
by
UnunoctiumTesticles
on 01/12/2014, 23:38:51 UTC
I must be missing something.

What's the point of an altcoin if it could be blocked by government anyway - I mean, you seemed to be saying earlier that the US government could pull the plug on the internet backbone if things got desperate enough for them?

I said it is much more likely they would just filter protocol of crypto-currency.

In the logic of escalation as needed, the threat of blackout I think would first be used to induce a country to comply.

See the distinction is the threat is something the national government can address by complying. Whereas, with the improvements I suggested, the government could not comply because the pools are anonymous.

If the powers-that-be blacked out a country that had tried to comply but couldn't possibly comply since technologically impossible, that would backfire.