And that's why the counts in the old days had their own small armies.
Nowadays they're private security services, so things haven't changed much.
But you have to remember that bitcoin is the capital. It may become more valuable in the near future, but at some point that increase in value will stagnate, and if you use your bitcoins for buying goods that doesn't generate income you will eventually run out of bitcoins. Land generates income, so does rent on money lent.
As you said, rent on money lent. I already lend my bitcoins through
https://bitlendingclub.com, and invest it in projects I think will give me a good return. You are absolutely right that if you just sit on the money and spend it on goods, you'll eventually run out. Millionaires that inherit their money without business tagging, and people with no business or finance training who win the lottery, often lose all their money rather quickly, and sometimes end up in worse debt than before they got all that money.
As I said, it's not the asset, it's what's between your ears (brain) and how you use it. Even if you have zero assets, you can always use your knowledge and intelligence to do some work and earn more assets. It's one of the reasons I quit my job and went off on my own: even if I lose all my money, I still have the skills and knowledge that will let me easily get another job and make more.
When i said hostile, i didn't mean the general population. I meant the systems in power, with things like Cyprus, NSA, bail-ins being legalized in Europe and version of that in USA, people in Russia, Ukraine, Venezuela, Argentina, and China being increasingly upset at their leadership, and their leadership getting more oppressive to try to hold onto power, and if adoption of bitcoin leads to tax revenue shortages, or even just inflationary currencies end up not being able to sustain social programs governments pay for, all those people with comfortable safety nets and "free" government provided services will be quite angry, and start looking for wealthy scapegoats to go after. They are already complaining that wealthy people are not paying enough taxes, and that they "owe society" because society provided them with police protection, roads, educated work force, etc, while ignoring that the wealthy pay a higher percentage of total tax, and thus are the ones paying for those things already, and that the useless idiots making those complaints are not "society," but individuals who want more stuff for themselves.
