📅 Original date posted:2015-09-19
📝 Original message:>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.
NxtChg [ARCHIVE] /
npub1yw…z8l47
2023-06-07 17:40:30
in reply to nevent1q…ck0u
Author Public Key
npub1yw9mz9gsrukq2seu9w9wljqw6k62l8fllpz8fzze673znzc3ddysaz8l47Published at
2023-06-07 17:40:30Event JSON
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"content": "📅 Original date posted:2015-09-19\n📝 Original message:\u003eWhile to many of us that sounds crazy, if you're threat model assumes\n\u003eBitcoin is a legal/regulated service provided by a highly trusted mining\n\u003ecommunity it's a reasonable design.\n\nThere is a large, grey area all the way to \"legal/regulated service provided by a highly trusted mining community\".\n\nPainting the worst looking picture is either a defect in thinking or intentional FUD.\n\n\n\u003e Mike Hearn recently posted his threat model, which specifically argues we\n\u003e should assume governments are not a threat.\n\nThere are two ways to fight governments:\n\n1. either you become too big to close, so political repercussions become unacceptable\n\n2. 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.",
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