The end of all censorship memo.cash

[Dr. Zaus]

It doesn't take anything as dramatic as an EMP to stop Bitcoin transactions. All you really need to do is get the telcos to block traffic on the default ports that it uses.

Sure, you can change the port that Bitcoin uses or attempt to cover your tracks with a VPN, but a coordinated attack from the a major telco provider like the likes of a Comcast or a Verizon would probably be enough to cause a panic sale of cryptocurrency around the world.

Panic sale and destroying the acessability of data on the block chain are two different things.

No one tell co. No one nation, controls nearly enough of the internet to stop the block chain.

 

[DaveSimmons]

Panic sale and destroying the acessability of data on the block chain are two different things.

No one tell co. No one nation, controls nearly enough of the internet to stop the block chain.

Only as long as there is money in mining it, or some volunteers willing to host it somewhere at a loss.

The chain only exists if it is still on hard drives, and is only usable if they are web-accessible.

If no one keeps paying for this service, I doubt either be true in 5 years.

 

[Dr. Zaus]

Only as long as there is money in mining it, or some volunteers willing to host it somewhere at a loss.

The chain only exists if it is still on hard drives, and is only usable if they are web-accessible.

If no one keeps paying for this service, I doubt either be true in 5 years.

The difficulty will fall, and at some point how much people will pay will match the cost of production. We produced plenty of bitcoin at 17c each. The hashing equipment is a sunk cost, so really its only the cost of rent/electricity.

 

[Skunk-Works]

loss of this data would required a world wide EMP, as 1) the full block chain is mirrored on every moner’s hard driveand 2) taking out even 99% of the block chain miners instances will lead to others coming back online and mirroring it.

You only need to explode one atomic bomb over the United States or any other country for the whole damn country to go back into the stone age. I wouldn't have faith in chips or magnetized material if I were you.

 

[Dr. Zaus]

You only need to explode one atomic bomb over the United States or any other country for the whole damn country to go back into the stone age. I wouldn't have faith in chips or magnetized material if I were you.

The block chain is not located in the US. It is fully and perfectly mirrored all over the earth.