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"Try, instead, to delete a two week old transaction from the bitcoin blockchain." So that is literally true, but is it really true from a pragmatic sense? If
by hcknwscommenter 8y ago
"Try, instead, to delete a two week old transaction from the bitcoin blockchain."
So that is literally true, but is it really true from a pragmatic sense? If the US government used their military might to destroy a significant portion of large mining installations, would bitcoin really be in any way resistant to that? If the NSA and DOE used their combined supercomputing power to outhash everyone else, couldn't they take over the bitcoin network and do whatever the heck they want with it?
- mr_spothawk 8y agothe same is literally true for a nuclear-armed opponent and the dollar. piles of cash would still exist in bunkers and wallets around the world, and would retain some value. a more interesting evaluative plot-element might be something like: how many developers would need to die for bitcoin to be exterminated? vs. how many economists would need to die for the dollar to be exterminated? frankly, if some gov wanted digital coins (or their supporting networks) destroyed... I think it would be easier than reducing a traditional, national currency to rubble.