Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by bostonsre on Wednesday March 17, 2021 @10:51PM
(#26499289)
Not too hard to get consensus if you're an authoritarian regime in china. All of the largest miners are in china.
https://www.statista.com/statistics/731416/market-share-of-m...
[ Parent
| on HN ]
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by gruez on Wednesday March 17, 2021 @11:08PM
(#26499360)
Segwit2x had the miners support, yet it still failed.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by bostonsre on Wednesday March 17, 2021 @11:29PM
(#26499447)
It sounded like they required support from the developer community but they didn't have it. Not sure if that support would be needed for a 51% attack, would it?
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by gruez on Wednesday March 17, 2021 @11:36PM
(#26499478)
Depends on the attack you're pulling off. A 51% attack won't allow you to change the coin generation rate (what peteretep was talking about).
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by peteretep on Thursday March 18, 2021 @01:27AM
(#26499906)
Uncle Sam wakes up tomorrow and says:
"Compliance measures on crypto-currency are expensive. We'll be charging a 3% compliance tax on all crypto-currency holdings, and we'll do this via any US-registered crypto-brokers charging a withholding tax unless you can prove it's double-taxation; also any failure to pay this is tax evasion and will be prosecuted as such"
you'll see some hard forks. Also this is a _great_ idea as it increases tax revenue, increases investment in US bonds and stocks, _and_ it suddenly swells the value of US Govt gold reserves.