Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Dark Wallet: The Excuse Regulators Needed
by
Peter R
on 30/04/2014, 23:28:20 UTC
The name is intentional, DarkWallet is created to be radical.
Something which draws less attention probably would have been wise....too late now.
Actually quite the opposite.

Radical is the winning strategy.

Remember that "government" is just a word - there is no monolithic entity with that name. Instead, there are a large number of individuals who all have their own individual goals and motivations. The extent to which they cooperate to enforce certain policies on the rest of the population is a function of how well their individual goals and motivations align with the goals of the organization itself.

Regulators can't stop Bitcoin any more than the RIAA could stop P2P file sharing, so there's no need for Bitcoin users to self-censor out of a misplaced hope that doing so will protect them.

Every time regulators attempt to stifle Bitcoin and are unsuccessful, Bitcoin will gain more credibility and more users - and very importantly many of those users will be "defectors" from the government side. As governments are finding themselves unable to stop Bitcoin, their organizations will slowly start to fill up with Bitcoin users. Identifying the positive feedback loop in this scenario is left as an exercise for the reader.

Provoking conflict with the regulators is, in fact, the best thing that can happen for Bitcoin in the long term.

Fascinating point of view, justusranvier.  I think I may actually agree now that I see your logic.