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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (103642)	11/10/2013 11:15:56 AM
From: Maurice Winn	1 Recommendation Recommended By Follies Read Replies (1) \| Respond to of 217695

Miners cheating is a risk to bitcoin, but whether such a software change can be made is questionable. <In addition, he said, the rewards of selfish behaviour were outweighed by the benefits of being honest. "No honest (or semi-honest) miner would want to join a selfish pool," he suggested. "Even if they do have a small incentive to [join], they have an even greater incentive to not break the Bitcoin network to preserve the value of their own Bitcoins and mining hardware."> bbc.co.uk But that's a false argument because it assumes the hacker would want the mined bitcoins to be valuable and increasing in value. On the contrary, such a hacker would be more likely to be a competitor such as the USA Federal Reserve, us Treasury, National Security Agency and CIA backed by a nuclear strike force and swarms of SWAT agents. The proprietors of the US$ have a very great interest of some $50 trillion to kill off competitors. Murder gets done for a lot less money than that. Even limiting it to the amount of money on issue, some $10 trillion or whatever it is is still real money, and even if it was just $100 billion, that's still serious self-dealing gigabucks that they would defend by all means possible. Small competitors such as national currencies are allowed to exist because forcing nations to abandon their currencies and use US$ is a bit too risky politically. Bitcoin should expect that USA government processing power is being used to destroy bitcoin, not Al Qaeda. As shown by the Boston Bombers wandering among the crowds with pressure cookers, having murdered 3 Jews a year or two before, the NSA, TSA, Homeland Security, CIA, police, and the disbanded Disinformation Office were busy doing something else, even though Vladimir's spooks had warned the USA about the Boston Bombers. What were they busy doing rather than watch actual terrorists and stop them? In fact, the government likes people like the Boston Bombers because they cause public acceptance of being "Locked down" and being told to "Cower in Place" and obey all instructions at all times as "You can't be too safe you know" and "If you have nothing to hide you have nothing to fear". If there are no explosions, the life of authoritarian people can become very unprofitable and not much fun. If it's pleasant and peaceful for too long, the public will start to consider it a waste of money to pay people to boss them around rudely. So you can be sure that trouble like the Boston Bombers will continue while regular citizens with cash will be milked like the suckers they are, with one being born every minute. Foreign enemies are very useful to keep the electorate fearful and willing to pay protection money, local enemies are needed so people will hand over money and their personal freedom. Bitcoin is a big threat because it could lead to a major cut in cash flow to those in charge if the US$ was abandoned and people used bitcoin. Collecting taxes for a start would be much harder as the cash flow is concealed. But the loss of the power to dilute would be seriously bad. The USA does not believe in freedom, self-determination and those old cliches and slogans. The bosses want power and profit. The Mafia were pussycats compared with defending the cash flow from the protection racket of the US$ and political power. As we speak, there are Geeks tasked to destroy bitcoin, and they'll have a budget of $billions if necessary. Destroying the bitcoins they mine would be just fine if that's the cheapest way of destroying bitcoin. Threatening users with prison is another method. Or simply shooting them. Mqurice