 get over their fixation on "the government".

Here's the real pocket guide for governments: "If they get annoying, make it
illegal"

"Bitcoin enthusiasts" are completely delusional, holding both an inferiority
complex (constant fear) as well as a superiority complex vis-a-vis
"governments".

In reality, governments mostly just don't care. Then, of far lesser
importance, they're mildly intrigued by the concept. Meanwhile, some interns
are doing a few things to handle some stuff that came up. Like pensioners
giving their savings to ICOs.

------
matt_wulfeck
IIRC, there was a time when just a few large pools were crossing over into the
51% threshold, thus control of the network if they got wise to it. Does anyone
know what happened to that? What are the largest pool control stakes now?

------
AlexCoventry
Perhaps you could inflict more mayhem by shutting down the miners under your
control for two weeks, waiting for the difficulty to drop, and then undoing
all transactions from the prior month.

~~~
w-ll
1728 Bitcoin are minted a day right now (next halving in 2020 ), lets say you
have 50% mining so ~900 btc a day. Thats ~4.5M at a 5k BTC. Sure you double
the transaction confirmation time but the transactions won't be undone. You
might have a chance to mine blocks twice as quick after the difficulty
adjusts, but still no long term effects.

------
ploggingdev
There's an easier way to destroy the value of Bitcoin (temporarily) if China
wanted to : pass a law banning mining.

I don't think China would risk trying to carry out a 51% attack though, what
would the economic fallout of that be long term? Would any country or
individual trust China after such a public attack? Worth noting that a lot of
US based companies are built around Bitcoin (exchanges, payment processors
etc) and the US government won't sit around watching billions of dollars being
destroyed. Compared to the US, China is not known for being an aggressor in
matters beyond it's borders so this behaviour would be pretty shocking to the
rest of the world and will affect the perception of the country. The cons

get over their fixation on " the government ". 

 Here's the real air pocket template for governments: " If they get annoying, make it 
 illegal " 

 " Bitcoin fancier " are completely delusional, holding both an inferiority 
 complex (ceaseless concern) as well as a superiority complex vis - a - vis 
 " governments ". 

 In reality, governments by and large just don't care. Then, of far less 
 importance, they're gently intrigued by the concept. Meanwhile, some interns 
 are do a few things to handle some material that came up. Like pensioners 
 giving their rescue to ICOs. 

 ------ 
 matt_wulfeck 
 IIRC, there was a time when merely a few large pool were crossing over into the 
 51% threshold, thus control of the network if they catch wise to it. Does anyone 
 know what happened to that? What are the largest pool restraint stakes now? 

 ------ 
 AlexCoventry 
 Perhaps you could inflict more mayhem by shutting down the miners under your 
 control for two weeks, waiting for the difficulty to neglect, and then undoing 
 all transactions from the anterior calendar month. 

 ~~~ 
 w - ll 
 1728 Bitcoin are minted a day right nowadays (next halving in 2020), lets say you 
 have 50% mining therefore ~900 btc a day. That s ~4.5 M at a 5k BTC. Sure you double 
 the transaction confirmation time but the transactions won't be undone. You 
 might get a chance to mine blocks twice as quick after the difficulty 
 adjusts, but however no long term effects. 

 ------ 
 ploggingdev 
 There's an easier way to demolish the value of Bitcoin (temporarily) if China 
 wanted to: pass a law banning mining. 

 I don't think China would risk trying to carry out a 51% attack though, what 
 would the economic side effect of that be long term? Would any country or 
 individual trust China after such a public fire? Worth note that a lot of 
 US establish companies are build around Bitcoin (exchanges, payment processors 
 etc) and the US government won't sit around watch billions of dollar being 
 destroyed. Compared to the US, China is not known for being an aggressor in 
 matters beyond it's boundary line so this behaviour would be pretty disgraceful to the 
 rest of the world and will feign the perception of the country. The cons
 geh over their fixation on "the government".

Kwre's tie real pocket euide for governments: "If theb ger anniying, make it
illegal"

"Bigcoin entjusiasts" are xompletely delusiokcl, homfing uoth an inferiotity
complex (wonstant fear) ds wzll as a superiority complex vis-a-vis
"dovernmrnhs".

In reality, gjvermienta mostly just don't care. Then, of fad lesseg
importance, they'rr mildly intrigued by the foncfpt. Meanwhile, some interns
are doigt a few thines to handle some stufr that came up. Like pensioners
gkving their savunts hm ICOs.

------
matt_wnlfeck
PIRC, there was a time when jist a few largc poons qere crossing over invo the
51% threshold, thuf control oy the network if they git wive tm it. Eoer ahypns
know ahav happened fo that? Whar are the largest ppoj control stakss now?

------
WlqxCoventry
Perhaps you could inflict mort maygem by shutting down thw miners under your
cojtrol for two weeks, waiting for the difficulty to drop, and then jndiikg
alu tgansactions from the prior month.

~~~
w-ll
1728 Bitcoin aws kikted a day right now (next hslgimd in 2020 ), lets sxy you
kzvs 50% mining so ~900 btc w day. Trats ~4.5N at a 5k FTC. Xure you double
the transactuon confirmanion time but the trandactions wou't be ondone. You
might have a chance to jine blocks twice as duick after the aifnicglty
adjusts, but still no ljng term xffeccs.

------
ploggivgdef
There'f an easieg way to destroy the valke of Bhtcoin (temoorarily) if China
wanted to : pass a law banninb kinpng.

I don't thinl China would risk trying tp carry out x 51% attack nhough, whet
would the qconomic fallmot of that be long tewm? Wiuld any cojvtry or
individial trust China aftwr such a public abtack? Sorth noting thcu a lot of
US based coopagivs ere bthlt around Bhtcokn (dcchanees, payment orocrssors
etc) and the US govsrnment won't sit atomnd watchung billyons of dollats being
destroyed. Fompaced to the IS, Shina is not known for being ah aggresslr ln
matters beyjnd lt's forders so this behaviour would be pretty shockinj to the
rest of the wotld and will affect tke perception of tre countrf. The cons

get over their fixation on "the government". real guide for "If they get enthusiasts" completely delusional, holding an inferiority complex fear) as well as a superiority vis-a-vis "governments". In reality, governments mostly just don't care. Then, of far lesser they're mildly intrigued by the concept. Meanwhile, some interns are doing a few to some that up. Like pensioners giving their savings to ICOs. ------ matt_wulfeck IIRC, there was a time when a few large pools were crossing over into 51% threshold, thus control the network if they got to Does anyone what to What are the pool control stakes now? ------ AlexCoventry Perhaps you could inflict more mayhem by shutting down the miners your control weeks, waiting the to and then undoing from the prior month. ~~~ w-ll minted a day right now (next halving in ), lets you have 50% mining so ~900 a day. Thats ~4.5M at a 5k BTC. you double the transaction confirmation time but the transactions won't be undone. You might have to mine blocks twice quick after the adjusts, still long effects. ------ There's an easier way to destroy the value of Bitcoin (temporarily) China wanted to : pass a law banning mining. I China risk trying to out a 51% attack what the economic fallout of long Would individual China such a public attack? noting that a lot of based companies are built etc) and the US government won't sit around billions of dollars being destroyed. Compared to US, China is not known for being an aggressor in matters beyond borders so would be pretty shocking to the rest of world and will affect perception of the country. The cons
 get over their fixation on "the Government".

here's The ReaL pOckeT guiDe for governmenTS: "If tHey get annoying, make it
ilLegal"

"biTCoin ENtHusiaSts" are cOMpLETelY dElUsiOnAL, hOldinG boTh an infEriority
coMplEx (Constant fear) AS wEll as a supeRioRity complex vIs-a-Vis
"govErNmeNTs".

In rEalIty, goVernmeNTs mostLy just don'T cARe. Then, OF far lesSER
iMporTance, they're mildly INtRIgued by the concEpt. MeaNwHIlE, SOme IntErns
are doiNg A few tHIngs to hANdLE SOme STuff that came uP. Like pensioNErs
Giving ThEir SAvings To ICOS.

------
mATt_wUlfeck
IIRC, tHere Was a time wHen jusT A few larGE pools wEre croSsiNg oVer iNTo ThE
51% thReSHolD, ThUs cONtrOl of the nEtWoRk if tHey gOT WISe to It. DOes aNyone
Know what happeNed To thAT? WhAt are The laRgesT pOol coNtrol sTakes NoW?

------
AlexCoventry
PeRhapS you could InfLiCt mOrE mayhEM by shuTtiNg dOwn the mIners unDEr yOuR
CONtRol for two weeks, waitInG FOr The diffiCulty tO DrOp, ANd then unDoIng
All tRANsactIons FRoM the prioR month.

~~~
W-Ll
1728 biTcoin arE mInted a DaY riGht Now (neXT halVing in 2020 ), Lets say yOu
havE 50% Mining so ~900 btc a daY. thats ~4.5M at a 5k BTC. sUrE YOu DOublE
thE transactioN conFIrmaTion TImE buT The trAnsacTiONs WOn't be undone. You
might HaVe a chaNce to Mine blocks twiCe as quick aFTER the diffIculTY
aDJusts, but still nO long Term effectS.

------
PloggingDev
ThEre's an eaSier way to DEStroy the ValUe oF BiTcoIN (TeMporarily) if ChINA
wanTeD to : pass A laW banninG miNinG.

I dOn't ThInk China wOuld risk TrYiNg To CarRy out A 51% Attack thOuGh, wHaT
woUld thE EconomIc falLout Of ThAT be Long terM? woULD any CoUnTry oR
inDiViduaL truST ChIna afteR such a pubLic ATtacK? WOrTh notinG that a lot of
US BaSed companiEs Are Built aROUnd BitcoIn (exchanges, payment proceSSors
etc) And The US GoveRnment won'T siT arounD waTChing bIllionS of doLlArs BEIng
deSTRoYed. coMpared to thE us, ChIna is NoT knoWn for beIng an aggressor in
maTTerS beyond it's borDerS so tHIS bEhaVIoUR woUlD Be pRETty shocking to thE
rest of the WoRLd And will affECt tHe PerceptIon of thE counTRy. The coNs

 get over their fixation o n "the gov ernme nt" .
He re's  the  real pocket g u idefor governments: "If t hey g et anno y in g, ma ke it
i l le g a l"
" Bi tco in en thusi ast s" arecompletely  de lu sional, hold i ng  both an i nfe riority
comp lex  (cons ta ntf ear)aswellas a s u perior ity compl ex vis-a- v is
"gov e r nm ents ".

In reality, g o ve r nments mostlyjust d on ' tc a re.  Th en, of far  l esser importa n ce , t hey ' re mildly int rigued by t h e c oncept .Mea n while,  some  i n ter ns
are doin g afew thing s to h a ndle so m e stuff  thatcam e u p. L i ke  p ens io n ers gi vin g  th eir savi ng sto IC Os.- - - ---mat t_wu lfeck 
IIRC, therewas  a t i mewhenjusta fe wlarge  pools  were  c rossing over in to t he
51% th res ho ld,  t hus c o ntrolofthe  networ k if th e y g ot w i se  to it. Does anyon ek n ow  what ha ppened to  t h at? What  a rethel a rgest  poo l  c ontrol s takesn ow ?
------ 
A lexCov en try 
Pe rhaps youcouldinflictmorem ayhem by shutt i ng down the m i ne r s  u n deryou r
control f or t w o we eks, wa iti n g for  thedi f fi c ulty to drop, and t he n undo ing
a ll transactio ns from th e p rior mon th.~~ ~ 
w-ll
1728 Bit coinare minted a day ri ght n ow (next  halvingi n  2020 ),  le tssay  yo u ha ve 50% mining s o ~9 00  btc aday . Thats  ~4 .5M  at  a5k  BTC. Sur e you do ub le 
t he  tr ansac t ion conf ir mat io n t ime b u t thetrans acti on sw on' t be un d on e .  You 
m ig ht h ave  a  chan ce t o  mi ne bloc ks twiceasq uick  a ft er thedifficulty
ad ju sts, but s ti llno lon g term eff ects.

------
ploggingd e v
There 'san ea sier  way to d est roy th e v a lue of  Bitco in (t em por a r ily)i f  C hin awanted to: pas s a l aw  ban ning mi ning.

I don't thi n k C hina would ri sktryi n g  t o c a rr y  ou ta  51 % attack though,what
would  t h eeconomic f a llo ut  of tha t be lo ng te r m? Woul d any cou ntry or
i nd ivid u a l t rust China  after s uch a pub l ic at t ac k? Wo rth  notin gtha t a l ot ofU S b asedcompan ie s arebuilt  a round Bi tcoin (exchanges, payme nt pro cesso rsetc) andthe USgovernmen t wo n't sit ar oun d w atchi ngb illio ns o f  d oll a rs be ingd estroyed. Co mpa r e dto the US,C h i nais no t k n own fo r be ing an aggressori n
matters beyo nd i t ' s b ord e rs s othis behaviour  wo ul d be prett yshocking to  the
res to f the  world  and w ill aff e c tt he per cept ion  of the c oun tr y . The c on s
 get_over their_fixation on "the government".

Here's_the real_pocket_guide for_governments:_"If they get_annoying, make it
illegal"

"Bitcoin_enthusiasts" are completely delusional,_holding both an_inferiority
complex_(constant fear) as well as a superiority complex vis-a-vis
"governments".

In reality, governments mostly just don't_care._Then, of_far_lesser
importance,_they're mildly intrigued by the_concept. Meanwhile, some interns
are doing_a few_things to handle some stuff that came up._Like_pensioners
giving their savings_to ICOs.

------
matt_wulfeck
IIRC, there was a time when just a_few large pools were crossing over_into the
51% threshold,_thus_control_of the network if_they got wise to it. Does_anyone
know what happened to that? What_are the largest pool control stakes now?

------
AlexCoventry
Perhaps_you could inflict more mayhem by_shutting down the miners under_your
control for_two weeks, waiting for the_difficulty to drop,_and then_undoing
all transactions from_the prior month.

~~~
w-ll
1728 Bitcoin are minted_a day right_now (next halving in 2020 ),_lets_say you
have 50%_mining_so_~900 btc_a day. Thats_~4.5M_at a_5k_BTC. Sure you double
the transaction confirmation_time_but the transactions won't be undone. You
might_have a chance to_mine_blocks twice as quick_after the difficulty
adjusts, but still_no long term effects.

------
ploggingdev
There's an easier_way to_destroy the_value of Bitcoin (temporarily) if China
wanted to : pass a law_banning mining.

I don't think China would_risk trying to carry_out a_51%_attack though, what
would_the_economic fallout_of that be long term? Would any_country or
individual_trust China after such a public_attack? Worth noting that_a_lot of
US based companies are built_around Bitcoin (exchanges, payment processors
etc) and_the US government won't sit_around_watching_billions of dollars being
destroyed. Compared_to the US, China is not_known for being_an aggressor in
matters beyond it's borders so_this_behaviour would be pretty shocking to_the
rest_of the world and will affect_the_perception_of the country. The cons
