Quote from: aminorex on July 24, 2014, 01:07:28 AM

Quote from: Roy Badami on July 23, 2014, 10:01:55 PM

Yes indeed. Satoshi's real genius was to create a system with the right incentives, at all levels.

Amen. A heartbreaking work of staggering genius. Mining decentralization has been the most persistently obvious weak point.

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As I said, this is still a "thought in progress". But I worry less about the evil SHA-256 ASIC plant then about the evil NSA CPU cluster.

This +1000.

The government actor is the only substantive challenge

Actually, "evil NSU CPU cluster" was intended just as a flippant example of an organisation that is believed to have a lot of CPU power. If governments wanted to shut to cryptocurrency, they'd most likely do it through the courts...

I agree that the nature of cryptocurrency regulation is a big unknown, of course, and how this pans out could certainly affect values a lot...

roy