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RE: The Three Most Probable and Effective Ways For Governments to Attack Most Cryptocurrencies

in #bitcoin7 years ago

This is all true in our reality currently. I think it may be too far decentralized right now for any one government to put a halt to the system. If anything there is a very serious threat right now within. In my opinion a contentious hard fork creating two Bitcoins could be the most damaging thing and the government doesn't even have to be involved. I do believe though if it were to happen LTC & DASH would benefit heavily and will get a chance to take the limelight. Ethereum is having their own concerns as well with Casper and the miners maybe not being too fond of Proof of Stake. I guess we will all see.

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I could not agree more. Two Bitcoins would def not be a good thing for Bitcoin since its whole deal from day one was cash and store of value. I am sure if SN could do it over again he'd have put in a governance type of DAO. At very least proof of shares protocol built in but 09'-10 Bitcoin was only a baby and it was already big experiment to prove in itself. Will see what happens but I am leaning towards seeing two Bitcoins come Aug. 1st. It still does not mean I would not hold any but I have more and more into Dash as I see it surpassing BTC anyhow down the road.