Quote from: tvbcof on November 12, 2014, 01:35:17 AM

Quote from: marcus_of_augustus on November 12, 2014, 12:57:59 AM

...
These guys haven't quite figures that 10,000 coders aren't remaking the financial system in their spare time only to have it regulated into unusability by plonkers from ABC agency. Any bitcoin regulation is merely one github fork away from irrelevance, they just shouldn't waste everyone's time by vain attempts at unauthorised control.

+1. Well said, but I caution against over-confidence. If Bitcoin reaches beyond the beginnings of a threat level the push-back will be forceful. I am sure of that, and also sure that most users (and devs for that matter) do not fully appreciate the forces that can be brought to bear if need be. Bitcoin has the potential to make a big difference but there is no more sure way to lose a war than to become overconfident and not understand one's opponent. Remember that we are still at Satoshi's 7 TPS setting so, notwithstanding the significant off-chain load bearing that is occurring, we are still very near birth on this thing.

Whilst it is true that the regulation of Bitcoin is only what is in the code. There really isn't a safe place on the planet for "Satoshi Nakamoto" to stand. The governments have the guns, the lawmakers, the judges, the jails, and the uncontested right to use all of those any way they please. For as long as we are made of meat and not code, we are vulnerable to those things even if Bitcoin isn't.