The biggest risk is the State. Always, and in all things, but especially with anything that threatens the power of the State.

You can point abroad all you like, doesn’t change anything.

I can point at everyone else being able to play online poker and how no civilisation has ended because of it but the Nanny Statists here in Australia have determined it must be banned, so it is. And sure there are ways around this but it doesn’t unban it, for all intents and purposes online poker is dead here as a result.

Just because it’s impossible to ban Bitcoin doesn’t mean the State won’t do it, or that doing so won’t hurt Bitcoin either.

Inviting the Fox in to the henhouse and praising his brilliant ideas of how he’d like to cook dinner doesn’t seem like a particularly bright thing to do..