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> There is no easy way to stop the Bitcoin network so if they really wanted to kill Bitcoin I think you underestimate how much pressure the US government can p
by RcouF1uZ4gsC 6y ago
> There is no easy way to stop the Bitcoin network so if they really wanted to kill Bitcoin
I think you underestimate how much pressure the US government can put and how centralized the web is.
If:
No legitimate business will accept Bitcoin.
Twitter, Facebook, Reddit ban all mentions or advocacy of Bitcoin
All public Bitcoin exchanges are shut down.
This would severely curtail Bitcoin and likely actually cause a drop in value.
Yes it is probably impossible to ever get rid of something, but for the government, reducing something to a fringe can be beneficial and is definitely something they can do.
- CyberRabbi 6y agoThe majority of illegal actors would still use Bitcoin in that scenario. The long term value of Bitcoin is irrelevant to them, Bitcoin just needs to keep a rough short term value and not be forgeable to be usable for illegal purposes.
- wolco5 6y agoYou hurt the traders and actually make the network super cheap and fast that it can be used to buy drugs again.
- sekmet 6y ago:)
- noxer 6y agoIt was never fast and never will be. Block time is 10min since ever.
- wolco5 6y agoConfirmations can take a day.. 10 minutes would be like an etransfer.
- noxer 6y agoConfirmation isn't defined you can wait however many blocks you want to be added after the block with your Tx. The chance of your Tx being changed/removed gets smaller and smaller but there is no end. This also never chanced so its irrelevant Bitcoin is still as slow as on day one, if you wait for the same number of blocks before you consider it "final".