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Of course many governments have the capability. The main reason a government would want to do this is that control over the coin of the realm is a major source
by Estragon 14y ago
Of course many governments have the capability.
The main reason a government would want to do this is that control over the coin of the realm is a major source of state power. If a government ever concluded that bitcoin posed a credible threat to that power, that would be a strong incentive to undermine it.
- celticninja 14y agoCapability =/= Ability
- Estragon 14y agoSorry, not sure what your point is. Could you say a bit more about it?
- celticninja 14y agoJust because the government has the resources to throw at a problem it does not mean that they will do so effectively or efficiently.
- DanBC 14y agoWhat? You think NSA or GCHQ[1] don't have the knowledge to implement an efficient bitcoin machine? You think they don't have the money? You think they don't already have significant computing power? Or are you suggesting they'd be hampered by legal oversight issues? [1] GCHQ probably have the most powerful computing facility in Europe. That puts them amongst the most powerful computing centres world wide.