I still think that the idea of us amassing nukes and helping them proliferate is more dangerous. Or the idea that we can abuse the planet ecosystem to infinity.
The problem with bitcoin is that the nation states hold the guns. As the US government showed in the last 10 years - "We upheld the US constitution, unless it prevents us to do something we are set to do" was possible in the nation with most checks and balances on earth. So your protections against thugs beating passwords out of you are much thinner than you expect (and with SWATs so prevalent, they are thinner right now). Worldwide.
If bitcoin becomes dangerous it will be shut down. The only path to success as I can see if US, EU and Japan support it as a weapon to disrupt BRICs economies and other threats.
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[ 5.1 ms ] story [ 10.4 ms ] threadThe problem with bitcoin is that the nation states hold the guns. As the US government showed in the last 10 years - "We upheld the US constitution, unless it prevents us to do something we are set to do" was possible in the nation with most checks and balances on earth. So your protections against thugs beating passwords out of you are much thinner than you expect (and with SWATs so prevalent, they are thinner right now). Worldwide.
If bitcoin becomes dangerous it will be shut down. The only path to success as I can see if US, EU and Japan support it as a weapon to disrupt BRICs economies and other threats.