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by matt4077
3447 days ago
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You're both under- and overestimating the worlds' government: - You're underestimating their capability to shut down trade in bitcoin. Sure, they won't be able to stop you from running the software. But they have the ability to stop any transfer into/out of the digital world. That part is quite easy to proof: real-world usage of bitcoin requires exchange for regular currency. And bitcoin was founded on the belief that governments have too much control over the flow of currencies. (This argument hints at a common mistake in the tech community: overestimating the power of technology and underestimating the power of law). - You're overestimating the governments' wickedness. Functioning democracies work on a default-legal basis, and it appears to me as if a to of governments have found a good balance b/w ensuring existing mechanisms are applied to bitcoin, without creating unnecessary burdens blocking its adoption. |
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You overestimate the willingness of the police force to prove that they are willing to risk their lives and die for what they believe in. In fact, they won't. Ultimately, they count on the army to do that, who won't either.