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authorDave Scotese <dscotese@litmocracy.com>2015-09-19 18:26:48 -0700
committerbitcoindev <bitcoindev@gnusha.org>2015-09-20 01:26:51 +0000
commitf2198acc05f4e84a8fd366b58664b0219ead88fc (patch)
treef03bed43846250751d1cc00037cec93726f870e6
parent6f1d263ea4c7e75d47648c1d455d769aaffd637c (diff)
downloadpi-bitcoindev-f2198acc05f4e84a8fd366b58664b0219ead88fc.tar.gz
pi-bitcoindev-f2198acc05f4e84a8fd366b58664b0219ead88fc.zip
Re: [bitcoin-dev] Scaling Bitcoin conference micro-report
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+Subject: Re: [bitcoin-dev] Scaling Bitcoin conference micro-report
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+--001a11c26bb8a5e9a6052023a8b5
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+
+phm got most of this, but...
+
+On Sat, Sep 19, 2015 at 2:53 PM, phm via bitcoin-dev <
+bitcoin-dev@lists.linuxfoundation.org> wrote:
+
+> Mike Hearn via bitcoin-dev wrote:
+>
+> >
+> > * Most governments can easily spend enough money to do a 51% attack,
+> > especially if they can compel chip fabs to cooperate for free.
+> > This attack works regardless of how decentralised Bitcoin is.
+> >
+> > * Any government can end Bitcoin usage in its territory by jailing
+> > anyone who advertises acceptance/trading of bitcoins, or prices in
+> > BTC. Because merchants /must/ advertise in order to alert
+> > customers that trades in BTC are possible, this is an attack which
+> > is unsolvable. If ordinary people can find such merchants so can
+> > government agents.
+> >
+>
+Pot is used as money, and they do jail people for it, but it doesn't have
+the effect to which you refer. It has the opposite effect, partially
+because it enriches suppliers.
+
+The 51% attack is a good point, but they would be taking a huge risk.
+Ideas don't die, just people. For example, they got Ross Ulbricht, not DPR.
+
+Government is the group of people that does things that are not acceptable
+if anyone else does them, and that is because people cheer for them when
+they do those things, rather than pointing out that they are not
+acceptable. The movie "The Deep Web" shows how bitcoin helps to turn this
+misfortune around.
+
+--001a11c26bb8a5e9a6052023a8b5
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr">phm got most of this, but...<br><div class=3D"gmail_extra"=
+><br><div class=3D"gmail_quote">On Sat, Sep 19, 2015 at 2:53 PM, phm via bi=
+tcoin-dev <span dir=3D"ltr">&lt;<a href=3D"mailto:bitcoin-dev@lists.linuxfo=
+undation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.org</a>&g=
+t;</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0=
+ .8ex;border-left:1px #ccc solid;padding-left:1ex"><span class=3D"">Mike He=
+arn via bitcoin-dev wrote:<br></span><span class=3D""><br>
+&gt;<br>
+</span>&gt;=C2=A0 =C2=A0* Most governments can easily spend enough money to=
+ do a 51% attack,<br>
+<span class=3D"">&gt;=C2=A0 =C2=A0 =C2=A0especially if they can compel chip=
+ fabs to cooperate for free.<br>
+&gt;=C2=A0 =C2=A0 =C2=A0This attack works regardless of how decentralised B=
+itcoin is.<br>
+&gt;<br>
+</span>&gt;=C2=A0 =C2=A0* Any government can end Bitcoin usage in its terri=
+tory by jailing<br>
+<span class=3D"">&gt;=C2=A0 =C2=A0 =C2=A0anyone who advertises acceptance/t=
+rading of bitcoins, or prices in<br>
+</span>&gt;=C2=A0 =C2=A0 =C2=A0BTC. Because merchants /must/ advertise in o=
+rder to alert<br>
+<span class=3D"">&gt;=C2=A0 =C2=A0 =C2=A0customers that trades in BTC are p=
+ossible, this is an attack which<br>
+&gt;=C2=A0 =C2=A0 =C2=A0is unsolvable. If ordinary people can find such mer=
+chants so can<br>
+&gt;=C2=A0 =C2=A0 =C2=A0government agents.<br>&gt; <br></span></blockquote>=
+<div>Pot is used as money, and they do jail people for it, but it doesn&#39=
+;t have the effect to which you refer. It has the opposite effect, partiall=
+y because it enriches suppliers.<br><br></div><div>The 51% attack is a good=
+ point, but they would be taking a huge risk.=C2=A0 Ideas don&#39;t die, ju=
+st people.=C2=A0 For example, they got Ross Ulbricht, not DPR.<br><br></div=
+><div>Government is the group of people that does things that are not accep=
+table if anyone else does them, and that is because people cheer for them w=
+hen they do those things, rather than pointing out that they are not accept=
+able.=C2=A0 The movie &quot;The Deep Web&quot; shows how bitcoin helps to t=
+urn this misfortune around.<br></div><div><br></div></div></div></div>
+
+--001a11c26bb8a5e9a6052023a8b5--
+