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Date: Sat, 19 Sep 2015 09:06:39 +0300
To: "Peter Todd" <pete@petertodd.org>,
	"Matt Corallo" <lf-lists@mattcorallo.com>
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Cc: Bitcoin development mailing list <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Scaling Bitcoin conference micro-report
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>While to many of us that sounds crazy, if you're threat model assumes
>Bitcoin is a legal/regulated service provided by a highly trusted mining
>community it's a reasonable design.

There is a large, grey area all the way to "legal/regulated service provided by a highly trusted mining community".

Painting the worst looking picture is either a defect in thinking or intentional FUD.


> Mike Hearn recently posted his threat model, which specifically argues we
> should assume governments are not a threat.

There are two ways to fight governments:

1. either you become too big to close, so political repercussions become unacceptable

2. or you become too tiny to hunt, in which case you are much better off with a specialized alt-coin, designed specifically for that purpose.