Any cryptocurrency that cannot (feasibly) survive a nation-state level attack is pointless. Simply delaying their inevitable demise.
Let’s go 👇
No one person or entity in charge. Code is free speech. Each country has their own competing jurisdiction.
Nation states compete with each other. Unlikely to see top nations cooperate.
If the US bans BTC, China has incentive to adopt. Nations not benefiting from the current USD regime have incentive to adopt BTC.
By anchoring Bitcoin to real economic value (energy), the only way to change the ledger is to “re-do all the work” aka spend the same amount of money in the form of electricity. h/t @danheld
Ideologically motivated “hardliners” act as an immune system. Surviving the scaling wars (NYA/S2X) demonstrates this.
Bitcoiners “provide cover fire” until Bitcoin gets through the door. (h/t Bitcoin Sign Guy)
Bitcoin has a growing network of alternatives to the mainstream internet (mesh networks, HAM radios, and satellites).
Maybe even routing transactions through a mycelial network 🍄 (theoretically possible).
Bitcoin spreads like a mind virus. Even if somehow the current form was “killed,” the idea will live forever.
"This Snow Crash thing--is it a virus, a drug, or a religion?" Juanita shrugs. 'What's the difference?'" h/t @nealstephenson
Bitcoin doesn’t rely on trust. Think “can’t be changed” instead of trusting that a system “won’t be changed.”
Bitcoin recognizes leaders, formalized governance, and concentration of power as attack vectors waiting to be exploited.
This buys time for Bitcoin to get stronger + harder to kill. The hegemonic banking system is digging their own grave with shovel made of 100% pure hubris.
If only we had a ₿ackup plan 🤔