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Why do you think the government would have to produce new ASICs, when they could just buy or seize the existing ones?

• WanderPanda 6y ago
  That would take out the "most developed countries" part...
• mateuszf 6y ago
  > Why do you think the government would have to produce new ASICs, when they could just buy or seize the existing ones? There is not enough of them to buy on the market to make 51% attack. Of course seizing is possible but hard because I imagine it would be quite hard to locate them, apart form large mining operations they are quite distributed. In case of bitcoin network it would have to be a large multicountry operation. Because the miners are really distributed around the world.
  • ericmay 6y ago
    They could just subpoena websites and retailers that sold them previously and start there.
• another_sock 6y ago
  You are vastly overestimating the competency of bureaucrats and their minions. The people sitting at the top of current power structures are ghosts of the past, mimics pretending to have influence and having to resort to implicit coercion instead of explicit coercion to get what they want. Crypto is inevitable and will undermine the legacy financial system eventually, whatever name or symbol crypto has is irrelevant to the underlying mechanics at play.