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I have wondered mostly about what if there was a global, probably US-led, concerted effort to ban Bitcoin on a governmental level. I also thought if they made i
by Synaesthesia 11y ago
I have wondered mostly about what if there was a global, probably US-led, concerted effort to ban Bitcoin on a governmental level. I also thought if they made it completely illegal, ordinary people really wouldn't want to take that risk. Or potentially ot could have the opposite effect.
- mpyne 11y agoWhy ban it? At 2.7 transactions per second all a government would need to do would be to flood the one and only centralized Bitcoin blockchain with meaningless transactions. It's hard to pay for your child porn if you can't ever bid up your transaction high enough to be accepted into a mined block, and it wouldn't be expensive at all to accomplish this feat for even a small national government, let alone the U.S.