Re:Coinbase is exploring the addition of new currencies
by tuxxy on Sunday December 09, 2018 @09:21PM
(#18644730)
Keeping that a secret would be nigh impossible. It's still extremely unlikely this would actually work in the government's favor.
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Re:Coinbase is exploring the addition of new currencies
by reitzensteinm on Sunday December 09, 2018 @10:22PM
(#18644935)
Why would they need to keep it a secret? Doing it in the open would probably be more effective.
Are you saying they couldn't at a bare minimum force Bitcoin to switch hashing functions?
Re:Coinbase is exploring the addition of new currencies
by tuxxy on Thursday December 13, 2018 @05:51PM
(#18676868)
No, the government could not force Bitcoin to adopt a new hashing function. It would be nearly impossible for any government to enforce a hardfork like that.
Why do you think doing this in the open would be more beneficial?
Re:Coinbase is exploring the addition of new currencies
by reitzensteinm on Saturday December 22, 2018 @02:01AM
(#18739379)
So if governments were to seize a monopoly on ASIC production for Bitcoin, the community would cede control of the hashing power to them rather than swapping to something else?