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This is a remarkable regressive perspective. Nothing is 'unblockable'. If global powers decided tomorrow that bitcoin was a blight on humanity, they could effec

This is a remarkable regressive perspective. Nothing is 'unblockable'. If global powers decided tomorrow that bitcoin was a blight on humanity, they could effectively wipe out the network in a variety of ways; it wouldn't take very much coordinated regulation to deflate the hype to a point where the utility of crypto basically tanks for the average user (who are mostly speculators at this point). Just because a system _could_ theoretically replace fiat currencies doesn't mean it will; there's a reason fiat powers are fiat. Moreover, the parent comment isn't simply complaining, and isn't even necessarily interested in presenting an opinion. You made a very strong claim about the lack of a necessary resource expenditure race in bitcoin mining (a point which I think is laughable from a thermodynamic/economic perspective) and this comment is presenting a counterargument; If none of this matters, why did you even bring it up?

hparadiz 5y ago
> If none of this matters, why did you even bring it up? Because it's pretty funny everytime I come on here and people are bringing up lot's of weird theories, speculations, and just outright falsehoods but fail to acknowledge the elephant in the room: the pandora's box is open and that's that. You can try to make bitcoin illegal but you will find it's like making drugs illegal. All you will do is lose further control over it while not actually addressing any of the downsides of having the system running. There's always another jurisdiction that doesn't care and will perpetuate the blockchain
- MrMan 5y ago
  If what you say is true then what is the logical outcome? As you become more economically powerful due to the price of bitcoing going up, but you need to defend ever larger investment in mining and power generation infrastructure, you will either need to capture government and become the government, or go to war with government, or mobs of starving people, or militias of other bitcoin cartels. That means your best skillet is that of warlord / military strategist.

hparadiz 5y ago

> If none of this matters, why did you even bring it up? Because it's pretty funny everytime I come on here and people are bringing up lot's of weird theories, speculations, and just outright falsehoods but fail to acknowledge the elephant in the room: the pandora's box is open and that's that. You can try to make bitcoin illegal but you will find it's like making drugs illegal. All you will do is lose further control over it while not actually addressing any of the downsides of having the system running. There's always another jurisdiction that doesn't care and will perpetuate the blockchain

MrMan 5y ago
If what you say is true then what is the logical outcome? As you become more economically powerful due to the price of bitcoing going up, but you need to defend ever larger investment in mining and power generation infrastructure, you will either need to capture government and become the government, or go to war with government, or mobs of starving people, or militias of other bitcoin cartels. That means your best skillet is that of warlord / military strategist.