Bitcoin can make the government's money printing machine useless, but if one day their money printing machine becomes useless, they will take your bitcoins from you at gunpoint. Unfortunately, Bitcoin cannot take us to utopia either.
Discussion
Also true
We'll see what happens. It's too damn difficult to predict how Bitcoin will impact society. We've never had anything like it, and humanity has proven time and time again how terrible we are at predicting the future.
Bitcoin stops the money printer.
A pair of balls stops the raid. I'll take my chances. ;)
Sounds reasonable :)
How are they going to pay the people to show up at your house with guns if the money printing machine is useless?
Who is going to be a henchmen for them for free?
The US dollar is backed by the US military, yes. but the US military is only backed by the US dollar.
In the world, there are always mercenaries to serve dictators. Dictators will pay these mercenaries from your stolen bitcoins. A dictatorship with a money printing machine is a soft dictatorship, and a dictatorship with weapons is a hard dictatorship. If one day the statesmen of the world cannot rule over you with money printing machines, they will do it with weapons. Even now, we can name many dictatorial countries in the world. Democracy is a fragile thing, it crumbles with lack of resources.
😅 I'm not even sure if democracy exists anymore.
Mafia is what you’re describing, not dictators.
Good luck going door to door getting BTC from people with multi-sig setups in more than one jurisdiction, multiple accounts with different passphrases, when you don’t even know what or if they have any.
And even if that did start to happen, people would move their holdings to complex multi-sig, multi-jurisdiction where it’s untouchable via violence en masse.
And that’s assuming people with resources didn’t organize to defend themselves which they also would.
I’m not against gaming out some worst-case scenarios for which to prepare, but the baseline should be — how am I going to impose my will on the corrupt and unjust state, not how is it going to exploit and dominate me.
Yes, we can look at the matter from this angle. In fact, I imagine the worst case scenario and you the best case scenario.