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Keeping that a secret would be nigh impossible. It's still extremely unlikely this would actually work in the government's favor.
by tuxxy 8y ago
Keeping that a secret would be nigh impossible. It's still extremely unlikely this would actually work in the government's favor.
- reitzensteinm 8y agoWhy would they need to keep it a secret? Doing it in the open would probably be more effective. Are you saying they couldn't at a bare minimum force Bitcoin to switch hashing functions?
- tuxxy 8y agoNo, the government could not force Bitcoin to adopt a new hashing function. It would be nearly impossible for any government to enforce a hardfork like that. Why do you think doing this in the open would be more beneficial?
- reitzensteinm 8y agoSo if governments were to seize a monopoly on ASIC production for Bitcoin, the community would cede control of the hashing power to them rather than swapping to something else?