I imagine it would be closer to the 2nd of the two. When I've thought about it, I come to the conclusion that the base specification needs to be so simple (wit

I imagine it would be closer to the 2nd of the two. When I've thought about it, I come to the conclusion that the base specification needs to be so simple (with clear path for extensibility) that no one will disagree, and everyone can see that it's critical for an electronic currency to exist. Namely the ability to own it, and to exchange it. Another thing is, I believe that in order for something like a global electronic currency to become universally accepted, without support from / cooperation with governments, there can be no center of power, and unfortunately structurally I can't imagine something like that could happen with a blockchain-based currency. Don't get me wrong. I see the beauty / elegance of the blockchain, but I can't get my mind wrapped around the idea that everyone (or even a significant percentage of people) around the world will accept the idea that their currency is at the mercy of decisions being made by some relatively small group of people who basically answer to no one except in the sense that they'll always attempt to do popular things in order to prevent people from leaving their currency for another.