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Govts are coming for Bitcoin regardless of what names we use for the various aspects of the network. I think the various pieces of the networks are going to centralize during different points in time before new tech disrupts that. Mining it self is already pretty decentralized with the pools, but ideas like stratum v2 and fedipool will help immensely with decentralizing.

If the US govt cracks down via taxes on bitcoin, what happens then?

Jurisdictions friendlier will draw in capital and resources. I think the same is true for mining.

If we’re worried about govt capture of mining, complaining about words is not the solution. It’s a distraction. Educating people on home mining to drive more sovereign hash is a solution. Open sourcing diagrams/schematics/etc for mining is a solution. Fedipool and other mining enhancements are the solution.

Space boi’s theory is super interesting but don’t get hung up on words. Dig into the core idea about obviating kinetic violence in favor of electrical violence.

There are lots of things to delay the inevitable hyperbitcoinization. Govt crackdown on multiple facets is one of them. But lower your time preference. If the US govt adopts bitcoin as a weapon or national defense initiative, do you think that would increase or decrease adoption? Visibility? Dismissal? Unfortunately, there is a large portion of the world that still believe what the US govt does is legitimate (that number is growing smaller and smaller), but if they label it as critical munitions, every other country in the world is going to rush to do the same and more eyeballs will be on bitcoin and more people will come to understand bitcoin more.

The road to hyperbitcoinization is bumpy for sure. Jason’s thesis is wrapped in military jargon but at its core, it’s an interesting idea to ponder.