We get to see now just how much control the Cabal has on the crypto currencies!
(www.thegatewaypundit.com)
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Let's break it down a little to see if your thinking is correct. If SHA256 could be cracked (and I am not arguing it can be, I am just making an educated guess that it most probably is) then as far as the people who are able to crack it, the system is broken. Think about this carefully. A broken system has no value. If you mined a million bitcoins, you wont be able to sell them at even a fraction of the current price of Bitcoin. So the only value you have from a broken system is to keep it running with the intention of taking it down at the right moment and depending on who has this ability, the right moment might have nothing to do with monetary gains.
Firstly, you have no idea where I am from, but you just assume I am from America. Secondly, if I question Bitcoin I am a communist? Whatever is the logic behind this? Don't you realise that communism rolls in when people stop questioning?
Well, I sincerely hope you have invested a substantial amount of your wealth in Bitcoins so if your faith is well placed you will be mega rich!
That's not how it works, you don't just print new coins out of thin air, even if you do manage to crack SHA256, all you can do is to beat every other miners on the network and take home the reward of currently 6.25 BTC every 10 minute for yourself.
That said, if you did, the network would be compromised, and everyone would agree to do a fork where SHA256 is replaced with another mining algorithm, such as scrypt for instance, which relies on more RAM, hence much harder to crack centralize.
In the meantime, most people would exchange their Bitcoin for Monero, Ethereum and other coins.
You brought up a law regulating encryption, which you claimed Existed in America. Go figure, where else would you be that would make that law relevant to you. And what's not communist about enforcing such retarded law?
Its relevant to any developer anywhere in the world who sells their product in US market.
I sell stuff to the US market, never even heard of this law, and if they think they can enforce it, then they can go fuck themselves. That said, the source code proves that Satoshi doesn't give a fuck either. 1024bit RSA keys... wtf.
I took a security course few years ago, one of the tasks was to design a cluster to crack RSA with 1024 bit keys. It took a bunch of virtual machines running on a simple work station computer 4 hours to crack that.
If people obey that level of retardness, why even use encryption in the first place.
Thats why this meme t-shirt became so popular at one point