Post
Topic
Board Bitcoin Discussion
Re: Decentrally mined currency has failed so far
by
Gosroth
on 02/12/2014, 09:19:23 UTC
This is so ridiculously hilarious. It's like designing a tank to be usable in space when there is almost zero likelihood that such a situation could actually happen.

Yes, that's all well and good we think some magically powerful, incredibly strong entity might be able to coerce decentralized pools and miners to accept its ultimatum that it be regulated under the statutes it deems acceptable or be seized, but there is near zero possibility that it could happen. You see, even the strongest government lives in a situation of checks and balances against not only the people that are complicit in its bullshit system, but the other governments worldwide that exist and hold power.

Should classical government come to the conclusion that mining pools act as "Money Transmitting Businesses," there is effectively zero initiative and zero precedent for any governmental or intergovernmental agency to act upon it. In fact, it would be a significant disadvantage to the "powers that be aka USA" to take such a hostile position to an asset class that could potentially find itself useful worldwide.

Mr. testicles (so hilariously named that if his testicles WERE made of this unusually heavy element they would almost instantaneously disintegrate, leaving him with zero malehood) has an unusually strong belief that some kind of new world order immune to global checks and balances would be able to control and pose a threat to individual miners. This is simply not true if you look at the present state of the world powers.

Many other arguments ("why are you posting on a forum instead of developing solutions" "why are you responding and allowing insufficiently technical discussions to further increase your own intelligence and credibility when there are apparently critical issues to take care of") also elude to his one-sided, egoistic view of the world.

I guess all I can say is I'm glad he's here endlessly contributing to ridiculous theories on forums instead of actually contributing to effective software which might be less effective due to his biased inputs.