NxtChg [ARCHIVE] on Nostr: 📅 Original date posted:2015-09-19 📝 Original message:>The state is the threat ...
📅 Original date posted:2015-09-19
📝 Original message:>The state is the threat in the Bitcoin threat model. You comments below
>acknowledge it. The assumption of hostile state actors is the only
>rational starting point. That which is regulated (and regulatable)
>in Bitcoin is the attack surface.
I think, you just proved my point. If your goal is to shrink the attack surface as much as possible,
you are better off being a marginalized alt-coin.
>This threat represents the difference between Bitcoin and Fedcoin.
_This_ is the false dichotomy. There's a range of coins between DarkCoin and FedCoin.
>This is extremely naive. At a minimum, getting popular/successful (and regulated) is the formula for regulatory capture.
Let me give you an example.
Suppose you are a regular guy, say Peter Todd, and you are faced with 10 policemen in anti-riot gear.
You can fight them in two ways:
1. become stronger, so you could provide an adequate response, either by turning into Hulk or by getting another 30-50 Peter Todds.
2. lose some fat, learn a few parkour tricks and move around mostly by night behind dumpsters.
The worst you can fare is just being Peter Todd with a backpack and an expensive camera on his neck, wandering around the city in daylight.
Your vision of Bitcoin is the most vulnerable to government attacks.
📝 Original message:>The state is the threat in the Bitcoin threat model. You comments below
>acknowledge it. The assumption of hostile state actors is the only
>rational starting point. That which is regulated (and regulatable)
>in Bitcoin is the attack surface.
I think, you just proved my point. If your goal is to shrink the attack surface as much as possible,
you are better off being a marginalized alt-coin.
>This threat represents the difference between Bitcoin and Fedcoin.
_This_ is the false dichotomy. There's a range of coins between DarkCoin and FedCoin.
>This is extremely naive. At a minimum, getting popular/successful (and regulated) is the formula for regulatory capture.
Let me give you an example.
Suppose you are a regular guy, say Peter Todd, and you are faced with 10 policemen in anti-riot gear.
You can fight them in two ways:
1. become stronger, so you could provide an adequate response, either by turning into Hulk or by getting another 30-50 Peter Todds.
2. lose some fat, learn a few parkour tricks and move around mostly by night behind dumpsters.
The worst you can fare is just being Peter Todd with a backpack and an expensive camera on his neck, wandering around the city in daylight.
Your vision of Bitcoin is the most vulnerable to government attacks.