Archived Molyneux predicts exactly how Bitcoin would be sabotaged back in 2014 (2 minute video) (hooktube.com)
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Posted by: 7e62ce85
Posting time: 2.6 years ago on
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Archived on: 8/15/2018 10:00:00 AM
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Archived Molyneux predicts exactly how Bitcoin would be sabotaged back in 2014 (2 minute video) (hooktube.com)
submitted ago by 7e62ce85
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[–] goatboy 1 point 1 point 2 points (+2|-1) ago (edited ago)
The conclusion, then would be for someone to give bitcoin some political sophistication and ease of use (cough, cough Iran, Syria, China, cough, cough).
Seriously, fiat currency is fucked if you consider Syrian urgency combined with Iranian new found hacking determination and Chinese panic to put its money somewhere. It's the geopolitical perfect storm.
If someone, I know some Russians were working on this, makes a Visa Mastercard style network or PayPal + anon style processing for bitcoin acceptance- you overcome the ease of use problem.
If you add in how much Germany is going to be fucked when Iran is invaded, you've got a 10,000 year storm incentive of disparate groups converging on the same conclusion for different reasons to each create components for something that would destroy the most powerful thing in history.