Lol!

Yes, very decent people:
http://www.dailymail.co.uk/news/article-2174785/HSBC-scandal-Britains-biggest-bank-let-drug-gangs-launder-millions--faces-640million-fine.html
http://www.bbc.co.uk/news/business-18704603

Just figured we could report the channel to youtube.

Would any of these fit?



Could it be dubbed as 'Hate Speech Against a Protected Group' ? LOL.

Let me put this quote from Lord Acton here:




http://quotes.liberty-tree.ca/quote/acton_quote_b723


Believe it or not, he is the same guy who came up with:


"Power tends to corrupt, and absolute power corrupts absolutely."


https://en.wikipedia.org/wiki/John_Dalberg-Acton,_1st_Baron_Acton

Yeah but banks don't fuckin' help.

No, they do as everyone else: they try to use the power to their advantages (and they succeed at it better than most).

They were a french economist who once said: "L'Etat est cette gande fiction à travers laquelle chacun essaie de vivre au dépend de tout le monde"

(which translates to: "The State is this big illusion with wich everyone is trying to live at the expenses of everybody else").

THAT is the problem my friends. Yes I hate banks because they are suckers who ruined everyone. But I know how they managed that.

Yes, I do agree it's an incestuous relation they have, politicians and banksters :/

Fixed.

Since they removed comments from that video, they were probably embarassed and unhappy with the comments they received.

However, this had me thinking:

Apparently they've built a 500m USD data centre.

What do you think of the possibility of chase bank wanting to spend a lot of money to destroy bitcoin with computional power alone ? Do you see any scenarios where they could succeed in doing this ?

What if they gained 51% or more of the network hash rate?

There's some information about this here:
http://gavintech.blogspot.no/2012/05/neutralizing-51-attack.html

It seems if someone was throwing enough money at the problem that the bitcoin network could effectively be halted by a 51% attack.

Do you people think that any banks sees bitcoin as a large enough threat to throw millions of dollars at it to make a 51% attack happen ? As I see it, it's not impossible to do, but they would need to hire some operators and devs that really understands bitcoin and that's willing to do this for hire. Also, what if said bank is catched doing something like this, how damaging would it be ?

Would we have any kind of countermeasures against this, and is there any pre-warning systems in place ?

Is this a real threat, or just a theoretical one ?

Seems like they have trillions of USDs in assets: http://en.wikipedia.org/wiki/JPMorgan_Chase

Thoughts?

They own the media too, so the ungeeked (most of the world) would not find out.

I suppose I see their concern in the video but there were a couple interesting points:

1.  Bitcoin is tied to hosting companies...  Obviously fale.
2.  Bitcoin is a ZOMG HUGE threat.  With it's 5K of points VS Money Laundering's 210K points, yeah *coughs*.
3.  Just because the servers are tied together with so-called illicit activities of other criminal sites doesn't make BTC criminal.  Maybe "people" just picked really bad hosting providers.

But yeah it just sounds like again they're spreading doubt and so forth and really don't seem to understand or even try to view the other side of the coin - instead only the pretense that because BTC is tied to seemingly criminal activity that thus, it *must* defacto be a bad thing.