The greatest risk to btc is mtgox as we all know and restated by max keiser just recently. While everyone is cheering recent btc rise, I think risk of a megaupload type attack goes up exponentially with the rise in btc.
Wasn't the megaupload attack due to it being enormous amounts of copyrighted material being shared on their serves ? Hollywood movies, big record labels mp3's and so on ? So the entertainment industry lobbied the government into taking action.
What similarities would there be for an attack on MtGox ? All money transferred to MtGox through the banking system can be tracked, and MtGox is keeping KYC/AML notes, so I don't see why a megaupload type of attack should take place ?
Attacking bitcoin at this point would give a lot of negative press for any government and will only prove the point that the current system is bad.
I think you fundamentally misunderstand how "the press" works. If you are talking about English MSM, the deciding factor is that currently the US has a blue (ie, socialist) prime minister (they call the PM "president" and the actual President "Vice President" for the same sort of nutty reasons they use blue for socialism). This means absolutely 0 chances any arbitrarily chosen move will be depicted as anything other than saving the little guy, women, the economy, America and so forth. The opposition will be racist, rapist and whatnot.
If they had a red president things would work like you imagine, which makes me think you've stopped reading MSM during Bush or something.
Hehe, I don't read main stream news much. If find it overall of little use and value. Stupid people may be fooled by unjust actions and duped by the media, the intelligent people will not.
During his 1956 presidential campaign, a woman called out to Mr. Stevenson "Senator, you have the vote of every thinking person!" Stevenson called back "That's not enough, madam, we need a majority!"
