Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Johnny Mnemonic
on 26/09/2016, 00:14:48 UTC
Are any of you guys worried that governments might try and succeed to do something to monero or even bitcoin that can hurt their value?

Bitcoin is much easier to control.  And make no mistake, "regulators" do not want to regulate; they want control.  CN or US can establish BTC control if they choose, but I doubt that any other nation can establish control - although RU or IL or a few others could destroy it if they were motivated to do so. So far, they have not overtly asserted control. I don't know of a reason to expect that to change soon.

Monero is small enough yet to be easy to destroy for most developed nations, but also too small to bother.  By the time it is a target, it will be much more difficult to destroy because of the fullnode jurisdictional diversity, and Kovri tech.  More difficult to destroy than bitcoin, but effectively impossible to control, unless the core team is co-opted - in which case, the community will fork it.


The community has already forked Monero once away from thankful_for_today in 2014, so there is no reason why it could not happen again. The core team serves "at the pleasure of the community" nothing more.  

Forking from thankful_for_today was rather painless because so few people were involved in the project at the time. If the core team were to be compromised in the future, we could be looking at a situation on par with the BTC/Blockstream drama.