[bitcoin-dev] Scaling Bitcoin conference micro-report

[NxtChg]

>While to many of us that sounds crazy, if you're threat model assumes
>Bitcoin is a legal/regulated service provided by a highly trusted mining
>community it's a reasonable design.

There is a large, grey area all the way to "legal/regulated service provided by a highly trusted mining community".

Painting the worst looking picture is either a defect in thinking or intentional FUD.


> Mike Hearn recently posted his threat model, which specifically argues we
> should assume governments are not a threat.

There are two ways to fight governments:

1. either you become too big to close, so political repercussions become unacceptable

2. or you become too tiny to hunt, in which case you are much better off with a specialized alt-coin, designed specifically for that purpose.