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Bitcoin is vulnerable too. A dedicated effort by collaborating governments could destroy or severely damage Bitcoin, by e.g. blocking the protocol, seizing powe
by quasque 14y ago
Bitcoin is vulnerable too. A dedicated effort by collaborating governments could destroy or severely damage Bitcoin, by e.g. blocking the protocol, seizing powerful hashing equipment, downing exchange websites, performing a 51% attack, and so on.
This notion that Bitcoin is some robust, untamperable currency system is simply incorrect.
- maxerickson 14y agoOr just make things uncomfortable for the people changing coins for other currencies. It's sort of interesting how the liquid dollar market for bitcoins makes it impossible to judge whether someone accepting bitcoins as payment trusts it much.