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Governments CAN kill Bitcoin- they just don't care (for now)

I understand that my opinion is probably an unpopular one, so I expect a ton of downvotes.
Let's imagine a perfect scenario- everyone knows for Bitcoin, volume is high, people are spending it and/ or stacking sats. Now, this is not a good thing for govs, reasons were mentioned thousands of times on the internet so I will not bother about mentioning all of that again. How to kill Bitcoin, you may ask? Declare it illegal, start the propaganda machine, prosecute people who are mining or using it, shut down mining farms under the accusation of supporting the system that is used by criminals- add a bit of human trafficking, drug dealing and money laundering to the headlines to make it look justifiable in the eyes of average Joe. After all of that, hashing power will probably go to 20% of what is now. Next step, seize the ASICS and conduct a 51% attack. Congrats, no more BTC. You may say that your rights are hurt, but CCP (Communist Party of China) doesn't give a fuck.
There is a cryptocurrency that could survive a "mass extinction" of that kind. It's called Idena and it's truly unstoppable. It's using a novel protocol called "Proof of Person". In order to mine it, you must prove (validate) that you are actually a human being, all without 3rd party or personally identifiable documents (aka KYC). How to prove that you're actually a human being? Currently, validation days happen a few times a month, and validations start at the same time all over the globe- New York is at 9:30AM, Berlin is at 3:30PM and Sydney is at 11:30PM. Validations involve solving a user-made flips- they are captchas that are impossible to solve by machines- because they involve abstract thinking and emotions, which only humans have. Incentive to make flips is simple- to validate on next validation day you must make 3 flips which will be randomly distributed to other users on the next validation day. Idena introduces sybil resistance by limiting the time of validations, you can validate yourself on one node, it's almost impossible for one person to have two nodes. All mining rewards are split equally to every miner, so there is no concentration of hashing power, mining farms are impossible and stopping/ censoring is impossible because Idena can work on any 64bit OS- Windows, Linux, MacOS and even Raspberry Pi- Computing power is irrelevant and it will be irrelevant forever! To stop Idena, governments must ban computers, from all people who are running this most decentralized and democratic currency on the globe! Sounds like an impossible task to me.
submitted by r3310 to CryptoCurrency [link] [comments]

03-07 23:04 - 'Governments CAN kill Bitcoin- they just don't care' (self.Bitcoin) by /u/r3310 removed from /r/Bitcoin within 17-27min

'''
I understand that my opinion is probably an unpopular one, so I expect a ton of downvotes.
Let's imagine a perfect scenario- everyone knows for Bitcoin, volume is high, people are spending it and/ or stacking sats. Now, this is not a good thing for govs, reasons were mentioned thousands of times on the internet so I will not bother about mentioning all of that again. How to kill Bitcoin, you may ask? Declare it illegal, start the propaganda machine, prosecute people who are mining or using it, shut down mining farms under the accusation of supporting the system that is used by criminals- add a bit of human trafficking, drug dealing and money laundering to the headlines to make it look justifiable in the eyes of average Joe. After all of that, hashing power will probably go to 20% of what is now. Next step, seize the ASICS and conduct a 51% attack. Congrats, no more BTC. You may say that your rights are hurt, but CCP (Communist Party of China) doesn't give a fuck.
There is a cryptocurrency that could survive a "mass extinction" of that kind. It's called [Idena]1 and it's truly unstoppable. It's using a novel protocol called "Proof of Person". In order to mine it, you must prove (validate) that you are actually a human being, all without 3rd party or personally identifiable documents (aka KYC). How to prove that you're actually a human being? Currently, validation days happen a few times a month, and validations start at the same time all over the globe- New York is at 9:30AM, Berlin is at 3:30PM and Sydney is at 11:30PM. Validations involve solving a user-made flips- flips are user made captchas that are impossible to solve by machines- because they involve abstract thinking and emotions, which only humans have. Incentive to make flips is simple- to validate on next validation day you must make 3 flips which will be randomly distributed to other users on the next validation day. Idena introduces sybil resistance by limiting the time of validations, you can validate yourself on one node, it's almost impossible for one person to have two nodes. All mining rewards are split equally to every miner, so there is no concentration of hashing power, mining farms are impossible and stopping/ censoring is impossible because Idena can work on any 64bit OS- Windows, Linux, MacOS and even Raspberry Pi- Computing power is irrelevant and it will be irrelevant forever! To stop Idena, governments must ban computers, from all people who are running this most decentralized and democratic currency on the globe! Sounds like an impossible task to me. Feel free to join Idena Telegram
'''
Governments CAN kill Bitcoin- they just don't care
Go1dfish undelete link
unreddit undelete link
Author: r3310
1: id**a.io/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

/r/climateskeptics Drilldown October 2014

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Raspberry Pi Bitcoin Miner ( Monero XMR Coin ) PART2 install cpuminer Bitcoin USB Stick Farm with Raspberry Pi, Minera, and GekkoScience ! mining Litecoin with raspberry pi 3 2019 - YouTube Kopalnia Bitcoin GainBitcoin Mining Farm in China How to make a Raspberry Pi Bitcoin Mining Rig - YouTube

Raspberry Pi 4 Model B. Your tiny, dual-display, desktop computer …and robot brains, smart home hub, media centre, networked AI core, factory controller, and much more. More info. Compute Module 4. The power of Raspberry Pi 4 in a small, flexible form factor, available with a range of storage capacities and optional wireless connectivity. More info . Raspberry Pi High Quality Camera. Our ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Wer auf der Suche nach einem Mining Pool ist, muss sich bewusst sein, dass ein Großteil der Pool Miner aus China stammt. Auch die größten Mining-Farmen befinden sich in der Volksrepublik. Insgesamt lässt sich die Zentralisierung auf den chinesischen Markt kritisch betrachten, da rund 80 % der Hash Rate des Bitcoin Netzwerks in China lokalisiert ist. Außerdem müssen sich Miner im Grunde ... You already had the chance to see how Bitcoin miners take their “job” seriously in this post, when we wrote about the Frankenstein-like computers experts and amateurs were building in order to create digital currency.. If you still had any doubt about their commitment to the mining career, the next pictures will show you that they’re here to stay. Raspberry Pi Legende. Reaktionen 679 Beiträge 14.140 . 19. Februar 2018 #2; Die Rechenleistung des Pi's hat heutzutage nicht mal ansatzweise eine Chance gegen die riesigen Rig-Miner-Farmen aus China. Die Wahrscheinlichkeit einen Block zu finden also äußert(!) gering ist da die Hashrate einfach unterirdisch ist. Es gibt mittlerweile einige Forks des cpuminer's... Ich nutze https://github.com ...

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Raspberry Pi Bitcoin Miner ( Monero XMR Coin ) PART2 install cpuminer

bitcoin real time bitcoin raspberry pi mining bitcoin robot r bitcoin, r/bitcoinmarkets, r bitcoin subreddit, r bitcoin reddit, /r/ bitcoin circlejerk, r bitcoin package, r/ bitcoin mining, r ... In diesem Video wird gezeigt, wie Sie mit Ihrem Raspberry Pi nach Bitcoins "schürfen" können. Auf vielfachen Wunsch verlinken wir nun auf die von uns in dem ... I turned my raspberry pi 3 into a miner for a small project since it was just laying around. the code and command i used will be down below. //after it boots... Raspberry PI Bitcoin Miner with Adafuit LCD Block Erupter: https://amzn.to/2nwwHak Raspberry Pi 3: https://amzn.to/2OvZBTQ 10-Port USB Hub: https://amzn.to/2... Kopalnia Bitcoin GainBitcoin Mining Farm in China ... We looked inside a secret Chinese bitcoin mine - Duration: 3:42. Chandler Guo 105,041 views. 3:42. 4 GH/s Raspberry PI Bitcoin Miner - PiMiner ...

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