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Theory: This Is How All The World Central Banks Can Crash Bitcoin Using Ethereum!

Discussion in 'Bitcoin Investments | Discussions' started by Prezzy, Oct 1, 2017.

  1. Prezzy

    Prezzy Leader Protector

    Don't blame me, it's just an idea that i feel i should share and hear what you guys have to say about it!
    On a second thought It may be wrong to call it an idea anyways but it's just what it is... a thought!
    upload_2017-10-1_18-19-55.png-Theory: This Is How All The World Central Banks Can Crash Bitcoin Using Ethereum!
    Before i tell you how the Central Banks can Crash Bitcoin, let me first say that it will never work as a permanent solution!

    Now, How will this be possible?

    We all know and appreciate the fact that Bitcoin is decentralized and this gives it all he awesome protection and trust it has.
    Recently @philipj has brought it to our notice that it takes about 500 MegaWatts of electricity to keep Bitcoin going! Also we know that if a Mining pool has 50% of the hashing power, it can do the needed damage and crash the Bitcoin network!

    However, the miners will not allow any pool to have that much and i don't think that any individual can purchase enough hardware to own 50% of the hashrates!

    The Challenge
    The Possibility

    How the Ethereum Network can Help the Government to Crash Bitcoin!

    If they have enough money, then they don't have to worry about buying the hardware because all they need is computing power and ETHEREUM PROVIDES THAT FOR US!!! Ethereum has made it clear that their goal is to be a supercomputer.

    so, the government can... of course they can print enough paper to buy all the ethereum they wanna buy then use it to attack the bitcoin network!

    Don't ask me how because i do not know the Technicalities involved but i know this also:

    Just in case the Bitcoin network is too strong for Ethereum to crash. (I won't be surprised if that's the case). The government can employ the help of other blockchains to succeed this! Yeah, other supercomputer altcoins too.

    Anyways, that's it guys.
    i think that's how they can succeed and this is also why i said that it can never be a permanent solution:

    Users will discover what happened and they will simply start using another altcoin and possibly make that one stronger and less prone to attack by the government in this form!
    Besides, if this happens, Bitcoin will be more and more popular and then WITH THE NEXT WAVE, THINGS WILL BE VERY DESTRUCTIVE FOR THE GOVERNMENT!

    That's it. How crazy is it?
     
    philipj likes this.
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  3. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Lolz...printing more paper money will make the valve of the purchasing power to diminish and i dont think a country will ruin it economy just because of cryptocurrency.
     
    Prezzy likes this.
  4. Prezzy

    Prezzy Leader Protector

    hmm. FIRST OF ALL, THIS IS A THEORY AND A VERY USELESS ONE. so don't take it very seriously.

    meanwhile check this out:
    they do this every time bro. they print as much as they want and there is actually no way we can know the real quantity they print.

    besides,there will be no government and no country if the control of money gets out of their hands. so it's worth the risk
     
    gbolahan likes this.
  5. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Did you know how many notes of currency that will be destroyed before next year?
     
    Prezzy likes this.
  6. Prezzy

    Prezzy Leader Protector

    Lols. We know they burn old ones anyway but they don't burn taxes, just old ones and the rate of exit cannot equal the rate of entry of new ones or are you in doubt?