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The global market place is an order of magnitude bigger than all the governments in the world. They maintain order through force, not through economic size. If

• ceejayoz 9y ago
  > They maintain order through force, not through economic size. Force goes a long way. > If governments had to resort to using muscle to crush Bitcoin, the next cryptocurrency won't be so easy to target. That's pretty handwavey. "We will jail/execute you if we find out you're using cryptocurrencies" is an option readily available to nation states, and I seriously question the willingness of the "global elite" to risk that sort of penalty.
  • vinceguidry 9y ago
    > Force goes a long way. It really doesn't. It only goes as far as your resources. Once they run out, then you can literally no longer enforce your will. When dealing with an amorphous entity with an order of magnitude more resources than you do, then deploying force is a game of whack-a-mole that you can't win. Your only option is to fight a rearguard action trying to stay on top while the new world order emerges. > "We will jail/execute you if we find out you're using cryptocurrencies" is an option readily available to nation states, and I seriously question the willingness of the "global elite" to risk that sort of penalty. That is already the operative environment under which much of this wealth was created.