Bitcoin
Bitcoin
Out of context: Reply #1307
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- Krassy2
One thing crypto enthusiasts are excited about is that the government stays out of it all.
Question: well, what if the government decides (if they aren't already doing it!) to mine crypto? The US has the most powerful machine with computing power of 200 petaflops (200 million billion calculations a second)
QBN crypto experts, shine some light here
- well, nothing, really. all cryptos are finite. once it's all mined, nothing new or special happens. almost all the BTC has been mined, the rest will take years.sarahfailin
- so how do we know the government hasn't mined most of it, or, that it won't?Krassy
- they have some bitcoins seized from drug mafia, half of which they solddrgs
- why would it matter if the govt mined most of it as compared to private ppl?sarahfailin
- cause then the govt has control of it WHEN/IF it actually becomes "currency"Krassy
- ^if that were to happen, about 75% of the banking sector's services would no longer be necessary. and they would never let the us govt do that. it'd be cool thosarahfailin
- ^ but the government would then control the currency A LOT more than banks would. So that'd be even worse, no? ;-)Krassy
- whether it'd be good or bad for the US govt to control our currency more or less than it does now is a big topic. too much for little comments.sarahfailin