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If we find out that a state has spend billions in SHA256 equipment, and is censoring transactions, there will be a unanimous switch to another PoW algo, like SH
by popol12 9y ago
If we find out that a state has spend billions in SHA256 equipment, and is censoring transactions, there will be a unanimous switch to another PoW algo, like SHA3. So there is really nothing a government could do to stop Bitcoin. It's a cat and mouse game and the cat has to have unlimited money just to stay in the run !
- bobjordan 9y agoKick the door in and physically shut down the equipment? Or more easily, cut off the power supply somewhere upstream? Not wise to presuppose a State actor will play by the limited set of rules requiring them to spend billions on hashing equipment to shut down a crypto operation.