29 Apr '14, 5am

U.S. Government Looking to Cash In Seized Silk Road Bitcoins

We could also create a system that blocks entities that put the network at risk for 50% + 1 attacks. The US Government (or the myriad of other entities who have both the money and will to make it happen) create’s a warehouse of super computers that is rapidly dominating the network with the force to destroy it? Deny them access to the blockchain. Even that Gash.IO could for all we know be funded by a hostile operator with full intentions to bring down the blockchain. If it can be done so easily then what about next year when Bitcoin is a major force in the financial world and currencies/long ago established financial institutions become desperate? It’s practically a certainty that they will strike. Having a strong hashing power only protects us from hackers and small organizations – it will never be able to protect us from major Governments. They built two data storage fac...

Full article: http://www.thedomains.com/2014/04/29/u-s-government-looki...

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