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--001a11c26bb8a5e9a6052023a8b5
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phm got most of this, but...
On Sat, Sep 19, 2015 at 2:53 PM, phm via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> Mike Hearn via bitcoin-dev wrote:
>
> >
> > * Most governments can easily spend enough money to do a 51% attack,
> > especially if they can compel chip fabs to cooperate for free.
> > This attack works regardless of how decentralised Bitcoin is.
> >
> > * Any government can end Bitcoin usage in its territory by jailing
> > anyone who advertises acceptance/trading of bitcoins, or prices in
> > BTC. Because merchants /must/ advertise in order to alert
> > customers that trades in BTC are possible, this is an attack which
> > is unsolvable. If ordinary people can find such merchants so can
> > government agents.
> >
>
Pot is used as money, and they do jail people for it, but it doesn't have
the effect to which you refer. It has the opposite effect, partially
because it enriches suppliers.
The 51% attack is a good point, but they would be taking a huge risk.
Ideas don't die, just people. For example, they got Ross Ulbricht, not DPR.
Government is the group of people that does things that are not acceptable
if anyone else does them, and that is because people cheer for them when
they do those things, rather than pointing out that they are not
acceptable. The movie "The Deep Web" shows how bitcoin helps to turn this
misfortune around.
--001a11c26bb8a5e9a6052023a8b5
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">phm got most of this, but...<br><div class=3D"gmail_extra"=
><br><div class=3D"gmail_quote">On Sat, Sep 19, 2015 at 2:53 PM, phm via bi=
tcoin-dev <span dir=3D"ltr"><<a href=3D"mailto:bitcoin-dev@lists.linuxfo=
undation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.org</a>&g=
t;</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0=
.8ex;border-left:1px #ccc solid;padding-left:1ex"><span class=3D"">Mike He=
arn via bitcoin-dev wrote:<br></span><span class=3D""><br>
><br>
</span>>=C2=A0 =C2=A0* Most governments can easily spend enough money to=
do a 51% attack,<br>
<span class=3D"">>=C2=A0 =C2=A0 =C2=A0especially if they can compel chip=
fabs to cooperate for free.<br>
>=C2=A0 =C2=A0 =C2=A0This attack works regardless of how decentralised B=
itcoin is.<br>
><br>
</span>>=C2=A0 =C2=A0* Any government can end Bitcoin usage in its terri=
tory by jailing<br>
<span class=3D"">>=C2=A0 =C2=A0 =C2=A0anyone who advertises acceptance/t=
rading of bitcoins, or prices in<br>
</span>>=C2=A0 =C2=A0 =C2=A0BTC. Because merchants /must/ advertise in o=
rder to alert<br>
<span class=3D"">>=C2=A0 =C2=A0 =C2=A0customers that trades in BTC are p=
ossible, this is an attack which<br>
>=C2=A0 =C2=A0 =C2=A0is unsolvable. If ordinary people can find such mer=
chants so can<br>
>=C2=A0 =C2=A0 =C2=A0government agents.<br>> <br></span></blockquote>=
<div>Pot is used as money, and they do jail people for it, but it doesn'=
;t have the effect to which you refer. It has the opposite effect, partiall=
y because it enriches suppliers.<br><br></div><div>The 51% attack is a good=
point, but they would be taking a huge risk.=C2=A0 Ideas don't die, ju=
st people.=C2=A0 For example, they got Ross Ulbricht, not DPR.<br><br></div=
><div>Government is the group of people that does things that are not accep=
table if anyone else does them, and that is because people cheer for them w=
hen they do those things, rather than pointing out that they are not accept=
able.=C2=A0 The movie "The Deep Web" shows how bitcoin helps to t=
urn this misfortune around.<br></div><div><br></div></div></div></div>
--001a11c26bb8a5e9a6052023a8b5--
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