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A comment on Warning Signs About Another Giant Bitcoin Exchange. Parent comment

Re:Warning Signs About Another Giant Bitcoin Exchange by throwbtc711 on Wednesday November 22, 2017 @05:27AM (#15755763)
But the thing about Bitcoin is that it’s made to be censorship-resistant. It is resilient. If you read Satoshi’s posts on Bitcointalk he simply assumed Bitcoin would have been banned at some point, and that’s why he made the design choices he made. Bitcoin is designed not only to survive but to thrive in an adversarial environment.

But then, even if a government ban could really destroy Bitcoin (i’m certain it wouldn’t, I remind you that Russia banned it for a while and 0 fucks were given... what about sharing films on Bittorent? Did the ban do something?) you say there’s a 5% chance the ban will not happen.

I will take any day a bet that gives me a 5% chance that every dollar i bet becomes $10k. And I won’t exit that bet unless i’ve made enough money to retire comfortably, which is what is happening to me now.

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Re:Warning Signs About Another Giant Bitcoin Exchange by Retric on Wednesday November 22, 2017 @05:53AM (#15755876)
Unlike websites governments can do a 51% attack on Bitcoin which would 'kill' it in weeks.
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Re:Warning Signs About Another Giant Bitcoin Exchange by throwbtc711 on Wednesday November 22, 2017 @11:14AM (#15757910)
No, they can’t. And even if they could the network would just fork to a different hashing algorithm, which means that the attacker would have had burnt hundreds, if not thosaunds, of millions for nothing.
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Re:Warning Signs About Another Giant Bitcoin Exchange by tryingagainbro on Wednesday November 22, 2017 @01:15PM (#15759041)
Never underestimate what a government can do. If they want, they can make bitcoin as popular to hold as child p//n on your PC. Go ahead then
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Re:Warning Signs About Another Giant Bitcoin Exchange by Retric on Wednesday November 22, 2017 @12:26PM (#15758579)
China can take console of all of their miners in the country which would all for a 51% attack to be profitable ignoring opportunity costs.

In this case forking does not help as they maintain control of the equipment and have access to massive CPU and GPU resources to swap to alternative architectures.

Now, if you think bitcoin maintains value if there are zero transactions for ~6+ months you are clearly mistaken.

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