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Comments (27)
[How the US government tried and failed to shut down bitcoin](https://micky.com.au/how-the-u-s-government-tried-and-failed-to-shut-down-bitcoin/)
Only after figuring out bitcoin could not be shut down, they went after silk road marketplace instead and made an example out of Ross. Best they can do is use your own ignorance against you by controlling the media, stopping people from understanding bitcoin. This is what they’re doing.
Before bitcoin, e-gold was quite popular in the late 90s and the feds shut it down cooking up a story that it was being used for illicit activities.
“Governments are good at cutting off the heads of centrally controlled networks. Pure P2P networks can hold their own.”
― Satoshi Nakamoto (2008)
“The computer can be used as a tool to liberate and protect people, rather than to control them. Unlike the world of today, where people are more or less at the mercy of credit agencies, large corporations, and governments.
Naturally, in today’s society, with power allocated so disproportionately, such ideas are a threat to large organizations. Balancing power would mean a net loss of power for them. So no institution is going to pick up and champion these ideas.
It’s going to have to be a grass-roots activity, one in which individuals first learn of how much power they can have, and then demand it.”
― Hal Finney, The Cypherpunks Mailing List (1992)
Bitcoin is a voluntary movement of self sovereign individuals opting out from corruption, rent seeking and exploitation and it has grown organically against all odds from zero to where it is today. It doesn’t matter what governments do. Nigeria banned bitcoin last year and introduced CBDC. Nigerians rejected CBDC, less than 1% adoption rate while peer-to-peer bitcoin usage soared by 800% and a bitcoin circular economy is now [being built](https://bitcoinmagazine.com/culture/building-bitcoin-village-in-nigeria) in Lagos. The success of bitcoin originates from [grassroots activities](https://thebitcoinmanual.com/articles/btc-circular-economies/). The revolution is [happening](https://threadreaderapp.com/thread/1573283006835482624.html) in Asia, Africa, Latin America.
It cannot originate in the west. For decades and especially since internet made it easy to manipulate, control and surveil what information people are exposed to, sheeple in the west have been rationally sterilized and reduced to hamsters in a wheel distracted by dopamine, virtue signalling for the current thing and conditioned to the idea that government decides what’s money. The scope of their understanding of bitcoin is something to “invest” in and diversify their portfolio since they’ve never thought about the concept of money or dedicated themselves to understand bitcoin from first principles. A central authority having absolute power to print to infinity what everyone else has to work for would never fly in a world of critical thinkers. It’s also why people in the west are easily distracted by the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop which has nothing to do with bitcoin at all. Weak, submissive minds corrupted by fiat.
What would happen if the internet shut down for 15 minutes? Say a carrington level event or something wild and crazy.
It depends on definitions. Bitcoin only really needs two nodes (one miner) to exist. No more.
Bitcoin won’t cease to exist as long as a relatively free internet continues to exist.
But bitcoin can cease to be *relevant* if the USA made it illegal. Without support from institutional investors, the price would plummet.
Now, if you don’t see bitcoin as a store of value, but rather as a means of transaction, then this isn’t necessarily a huge problem. But the bitcoin subreddit seems mostly populated with speculative investors.
they wouldn’t shutdown bitcoin by force. they would use information as weapon. they would pump and dump other coins and discredit crypto as whole so people stop trusting it. the everyday retard doesn’t know the difference between shitcoin and bitcoin. they are already doing it with FTX and all the other places going down
Is this some kind of AI bot answer?
Just had this conversation with ChatGPT, which seems to be quite sure that 1.5 is an integer number, and that you can find an infinite number of integer between 1 and 2.
I wouldn’t invest all of my savings in BTC just because ChatGPT thinks it is unstoppable.
—————————————————-
**can you prove that the set of positive integer numbers is a dense set?**
Yes, the set of positive integer numbers (also known as the set of natural numbers) is a dense set. A set is dense if, given any two elements in the set, there is always another element in the set between them. The positive integers are dense because, given any two positive integers, there is always another positive integer between them. For example, if we take the positive integers 3 and 7, we can find the positive integer 4 between them, and if we take the positive integers 10 and 15, we can find the positive integer 12 between them. This holds true for any two positive integers, no matter how close together or far apart they are, so the set of positive integers is a dense set.
**Does this apply also, for example, to 1 and 2?**
Yes, the set of positive integers is a dense set even when we consider two elements that are very close together, such as 1 and 2.
To show that the set of positive integers is dense, we need to show that, given any two positive integers, there is always another positive integer between them. ***In the case of 1 and 2, we can take the positive integer 1.5 as the element between them. This holds true for any two positive integers, no matter how close together they are, so the set of positive integers is a dense set.***
It’s worth noting that, in mathematics, we often use the term “dense set” to refer specifically to sets that are dense in the sense that they have no “gaps” or “holes” in them. In this context, a set is considered dense if, given any two elements in the set, there is always another element in the set between them. By this definition, the set of positive integers is a dense set, because there is always another positive integer between any two positive integers.
That is also the reason on why btc is more resilient and different than other coins?
Bullish
Difficult but not impossible!
I believe in it but not sure how to defend the fact that ao few whales make up a large part of it. How exactly does that mean its better than a bank if there are a few elites who essentially can manipulate it?
Im not criticizing im actually curious because its brought up a lot as a huge downside.
False; if the government really wanted to, they could stop or at minimum cripple Bitcoin.
This is incredible, thanks for posing.
Guy went to Wikipedia and read the first five lines. Decided he was now a crypto expert.
I’m invested in bitcoin myself, but I think we should still be realistic. Just because it can’t be stoped, doesn’t mean it’s a good investment.
What about the core developers? How many of them there are? Five? What damage can they make?
surprised i’ve jot seen a comment about CBDC’s, this is where way of controlling instead
“Stop” ?
Gov could technically require all telcos and router companies to block port “8333”, which is the default port for bitcoin blockchain tcp traffic.
But this can be configured to use other ports. It would be a cat-mouse game and unless gov wants to block all possible ports, effectively shutting down the internet, bitcoin blockchain traffic cannot be blocked.
As a result, bitcoin cannot be technically stopped.
Gov can use legislature to outlaw/ban it or regulate it with tax/tariffs, making it economically unviable but it would only drive it underground.
If it does goes underground, or before that actually happen, some retail users may capitulate and sell out. Institutional users and companies may shun it to be inline with the law.
That would be on a country-basis. But we know how US gov can sanction/ban/outlaw any entity it wants if it wants, even if it is illegal for it to do so according to WTO.
Not true. Bitcoin can be shut down in many ways like through fascism, communism, absolute tyranny, nuclear war, big asteroid or gamma burst. /s
!LNTIP <500>
You know what else is unstoppable? Decentralized custody of your bitcoin, also decentralized finance… best way to do this is with a DCRM / SMPC wallet where the PK is sharded across nodes as with the Chainge finance app
—————————————————————————————————————————
—
In the name and memory of the great and merciful Creator who created humanity beyond a
belief in a new thought. What I have prepared in this article (the creator of the world of digital
currencies) is Satoshi. The world around mankind has always been subject to pure human
talents and new creations from the beginning of creation.At the beginning of the creation of
each phenomenon, humanity has presented various criticisms based on the lack of complete
understanding and thought. By reflecting on the creation of technology and the advancement
of science and the normalization of its understanding, followed by numerous experiments to
serve Humanity will change its beliefs again, and the inferential understanding of that idea
and example will reach its peak. Reach valuable. At the time I was onI was working on this
topic (digital currencies), no one around and even in other lands was able to induce and fully
understand this phenomenon, but this issue did not create any point of confrontation and
obstacle for my emergence and coding, because every creator must first understand It is full
of its own creation and may be beyond the mind of the Creator in the age of this idea and
phenomenon beyond the beliefs of other peoples who have an irrational mentality and
nature. Once I was sitting on a chair in one of my country’s banks waiting for my banking
process and waiting for my request fromI was a banker and a clerk. Suddenly, a new thought
came to me. The initial spark appeared in me, and that spark was the creation of a new
platform for transactions and exchanges, as well as a new phase of the economic system in
which money (banknotes, coins) The material meaning does not exist externally. And the
whole base consists of technology and the receiver communicates with the sender through a
two-way program away from the expectation and absence of the person in the banks, as well
as the opposition and superiority of the mind of each person in the position of banker. And
he is responsible for auditing his propertyWhat we see during the day and night and the
passing of months and years and years of our lives is far more complex than it can be
understood by humanity. We only see aging but the friends of many cocoons after the birth
of the silkworm. It turns out that it is full of mysteries. Yes, our dear ones, we have come for
the beyond and our power is to the infinity of our inner thoughts. We are all the highest
creatures in the world and have a great position. I came to this great induction from the
knowledge of God and His understanding, and through this sparksPromising the greatness
of God, I have been able to witness to the service of my invention to the world to this day.
The defined irregular numerical scale gives rise to a specific order. My main goal in creating
the prototype of this phenomenon was to know and understand humanity to fully understand
this knowledge and science. Over the years, many different people have tried to replace
their virtual identities with mine, but in the meantime, they are the only real creators of any
phenomenon.It can prove to the world what it has created and has a sufficient and completeknowledge of its phenomenon. In the years 2008-2009, all my work in this field (digital
currency) sought to understand and find a suitable solution to facilitate communication
(P2P). And finally, with the help of the transcendental power and ability instilled in me, this
thinking was able to work successfully and be happy. The idea of digital currencies is an
evolved example of billions of cells from the infinite position of the cells of the universe, and
the blocks each represent these cells, each of which is a position.They have special. The
past and present economic system no longer meets the existential needs of those who look
beyond the genius. So the advent of digital currency science itself is a huge ascent. At that
time the friends who were in contact with me in the chat room criticized all the original
coding. But only my true faith and hope was able to stabilize its true place. Reach yourself.
My dear, digital currency coding will now reach a new direction and point with the re-
emergence and resurrection of me, and that after the evolution of initial understanding and
familiarityThe whole world will happen with this phenomenon. If what is written now and if my
determination for another new revolution is broken, all this is due to the trust and honors of
you dear ones who have helped me from the beginning and have always been by my side
because of their inner beliefs in digital currencies. I have the power of pen and writing in my
hands. Let me say that I will always be by your side with eternity and with all my heart and all
that I have, and I will create a wonderful evolution of myself for your trust. Our inner
concerns stem from misconceptions thatWe stimulate our inner hope and essence to
challenge them. My dear friends and masters, from now on, instead of laughing at each
other, let’s learn to laugh together. Once upon a time, when I was talking to others about the
idea and creation of a phenomenon, it was nothing but ridicule. My story was exactly like a
human being who experienced a journey through time and did not understand what he was
saying. These issues gave me more hope and belief. My dear, you should know that
everything has a halfThere is (good, bad_gg, beauty_of_knowledge, complete ignorance,
incomplete_wealth, poverty) Choose your own half . After creating the prototype, I started
serving in the way of my created phenomenon (Bitcoin) and started sharing their
advertisements in different markets and I received a salary of 0.3 Bitcoin units and in
exchange for several advertisements and sharing of different brands. I was paid 1 bitcoin as
a wage and I kept my balance in Paypall. I continued my activity for a few months and
earned about 1000 bitcoins this wayFor the first time, I did extraction and mining operations
on 500 of them with my mobile phone, which eventually led to the burning of my phone’s
hard drive after extraction, but this operation was very interesting. There are many memories
and stories. In my autobiography, I will tell and transmit them all in their entirety to each and
every one of you all over the world. The ID used that the world remembers as Satoshi
Nakamoto, and I chose it for myself. It is just a mask and an identity. My real and original is
something elseThey have not been able to find me now, but it is better to say that the great
economic mafia of the world did not want anyone to know my true identity and be aware of
my existence. Turn on. The new dawn in this century can b
Lol all the US govt would have to do is confiscate mining rigs and drop bombs on foreign mining farms.
I’m all for Bitcoin maximalism but stop pretending like the network can’t be fucked with. It would be absolutely trivial for it to be 51% attacked if the us govt wanted to do it.
I’m convinced KYC was created to compromise the physical safety of bitcoin users.
😂😂🤣🤣😜😜🤪🤪😂😂😹😝
Just because it’s unstoppable doesn’t mean it’s useful.