Comment Re:Executive order 6102 is impossible (Score 1) 44
This danger is nowhere near imminent. For all the crypto anarchist idealism surrounding bitcoin, it exists by piggy backing on gargantuan, pre-existing financial and industrial infrastructure. If there was an economic meltdown taking out all the banks, then your ISP would cease to operate. So would the power plants keeping your computer turned on, and the submarine cables that allow you to trade with the other side of the world and providing liquidity to the crypto market and making it useful.
In anything less extreme than this apocalyptic scenario, TPTB have the capability and every incentive to make sure that their position at the top of the food chain is not jeopardised, and a crypto currency that is either truly decentralised or not controlled by them would at some point, in theory.
In anything less extreme than this apocalyptic scenario, TPTB have the capability and every incentive to make sure that their position at the top of the food chain is not jeopardised, and a crypto currency that is either truly decentralised or not controlled by them would at some point, in theory.