Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMµ<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=661.msg7034#msg7034">Quote from: em3rgentOrdr on August 02, 2010, 04:39:19 PM</a></div><div class="quote"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=661.msg7023#msg7023">Quote from: throughput on August 02, 2010, 03:59:43 PM</a></div><div class="quote"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=661.msg6962#msg6962">Quote from: kiba on August 02, 2010, 03:19:08 AM</a></div><div class="quote">Maybe they won't be reconnected. Instead, we will effectively have two currencies. This will lead to the creation of an Eastern-Western bitcoin currency exchange market(s).<br/></div><br/>For that to happen, someone should <br/>a) notice what's happened<br/>b) understand what's happened<br/>c) make a decision on technically isolating two economies for ever<br/>d) force that decision somehow.<br/><br/>Question: who can be that entity, whitepaper says there is not any central authority, at all ?<br/><br/>kiba what you say, that's impossible or whitepaper lies?<br/></div><br/>Thanks for addressing my concern!&nbsp; I think you are right...I wrongly assumed that people are stupid enough to blindly reconnect the two bitcoin networks (at which point the more powerful network would wipe out all the bitcoins created in the weaker network and transactions performed in the weaker network, if I understand bitcoin correctly).&nbsp; It seems the proper thing that the bitcoin community should do upon such a massive disconnect is to add some sortof marker to every block chain indicating which network it belongs to, so that upon reconnection, the two bitcoin currencies can coexist.&nbsp; I suppose each bitcoin community would properly fork the source code to do something along this line.<br/><br/><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=661.msg6961#msg6961">Quote from: Anonymous on August 02, 2010, 03:05:47 AM</a></div><div class="quote">If the US and China go to war you will have more things to worry about than bitcoins. <img alt="Sad" border="0" src="/static/img/emoticons/sad.gif"/><br/></div><br/>I don't know...I actually think that BitCoin would become popular as a resistance currency in wartime.&nbsp; The State likes to enact all sorts of totalitarian BS during war, such as <a href="http://www.usgovernmentspending.com/spending_history">massive government spending</a>, <a href="http://mises.org/daily/3010">massive inflation</a>, <a href="http://tvh.bfn.org/metal.html">collection of all scap or private metal</a>, <a href="http://en.wikipedia.org/wiki/United_States_home_front_during_World_War_II#Taxes_and_controls">confiscation of private property</a>.&nbsp; Even FDR in the economic emergency during 1933 <a href="http://en.wikipedia.org/wiki/Executive_Order_6102">outlawed private ownership of gold</a>.&nbsp; But bit coin would be resistant to such measures, as long as the government doesn't <a href="http://www.huffingtonpost.com/2010/06/25/internet-kill-switch-appr_n_625856.html">shut down the internet</a>, which I doubt they would do since it would seriously cripple the economy and thereby destroy the tax base (although, I forgot how stupid can be sometimes), or somehow outlaw cryptography by regular folk, institute a mega police force that can break into people's houses to inspect their hard drive, demand passwords at gunpoint, steal everyone's computer and network cables, shut down power, etc..<br/></div><div class="quoteheader">Quote</div><div class="quote"> a mega police force that can break into people's houses to inspect their hard drive, demand passwords at gunpoint, steal everyone's computer and network cables, shut down power, etc..</div>They can do all those things now......the only real thing stopping them is bad pr - hence banning you filming bureaucrats now that so many are being shown for what they are <img alt="Smiley" border="0" src="/static/img/emoticons/smiley.gif"/></div> text/html