I don't see crypto-currencies making governments obsolete, just smaller. Without the ability to borrow on a massive scale or impose an inflation tax and with the difficulty of enforcing an income tax, they'll have to rely on other sources of revenue like sales taxes and property taxes.
I agree, some governments will be hit harder than others. The ones that will suffer greatly are those that wager half their nation's economy on a military industrial complex, since they are entirely dependent on never-ending inflation to feed the monster. These types of violence-prone governments will be the hardest hit by the forced obsolescence of their fiat scrip. Places like Sweden will survive the transition relatively unscathed. 
Topic: The Coming Digital Anarchy (must read!) (Read 1978 times)
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But the developers who worked on Bitcoin believe that it represents a technological breakthrough that could sweep into obsolescence everything from social networks to stock markets... and even governments.
The world would be a much better place without fiat currencies. However, if that happens, I don't see crypto-currencies making governments obsolete, just smaller. Without the ability to borrow on a massive scale or impose an inflation tax and with the difficulty of enforcing an income tax, they'll have to rely on other sources of revenue like sales taxes and property taxes.
digital anarchy? the cable companies, at least in the U.S., are basically decoupling themselves from net neutrality laws.. they are going to become absurdly powerful.
That kind of blatant tyranny could be just the kind of spark the sleeping citizens need...They will destroy themselves. As alternative options grow we don't need the dinosaurs anymore.
are you talking about the ISP companies? if this net neutrality issue continues, i really hope google, netflix, amazon, and other companies that rely on the internet band together to expand a fiber optic network that would destroy them.
Bitcoin has definitely arrived - I don't know if this is good or bad.
This should help clarify the issue for you.How could it be bad?
Once "they" get their hands on it they will pervert it.
Yes, we will. We're working on some Bitcoin derivatives now. Stay tuned.
I cant wait to see blockchain tech used for national votes! No more stuffing ballot boxes 
That would be spectacular. We have never had an accurate election in the US.
I cant wait to see blockchain tech used for national votes! No more stuffing ballot boxes
digital anarchy? the cable companies, at least in the U.S., are basically decoupling themselves from net neutrality laws.. they are going to become absurdly powerful.
That kind of blatant tyranny could be just the kind of spark the sleeping citizens need...They will destroy themselves. As alternative options grow we don't need the dinosaurs anymore.
i don't know if that's quite enough.. the major ISPs already have a strong connection with lobbyists in washington.. and probably with the FCC as well.
Blockbuster video had strong connections with the rich and powerful too. So did the newspaper industry. So did the FAX industry. So did the Nazis, for that matter. what did blockbuster need lobbied? and how strong was their connection? because i know one thing: ISPs have been lubing politicians for a long, long time now. and it's not just one, but 5 or more big ISPs that can throw tons of money at them. they have so much sway that they are now removing net neutrality laws, which gives them even more power.
We still have until September to stop those net-rigging rules from becoming laws of the land.
i don't know if that's quite enough.. the major ISPs already have a strong connection with lobbyists in washington.. and probably with the FCC as well.
Blockbuster video had strong connections with the rich and powerful too. So did the newspaper industry. So did the FAX industry. So did the Nazis, for that matter. what did blockbuster need lobbied? and how strong was their connection? because i know one thing: ISPs have been lubing politicians for a long, long time now. and it's not just one, but 5 or more big ISPs that can throw tons of money at them. they have so much sway that they are now removing net neutrality laws, which gives them even more power.
i don't know if that's quite enough.. the major ISPs already have a strong connection with lobbyists in washington.. and probably with the FCC as well.
Blockbuster video had strong connections with the rich and powerful too. So did the newspaper industry. So did the FAX industry. So did the Nazis, for that matter. Google will come to our rescue.
the cost for installing fiber optic connections is currently too expensive for google to make any significant splash.
i don't know if that's quite enough.. the major ISPs already have a strong connection with lobbyists in washington.. and probably with the FCC as well. google can end up winning the fight though, but they'd have to go up against comcast/time warner/verizon/att/cox.. that's a pretty big task there.
Google will come to our rescue.
the cost for installing fiber optic connections is currently too expensive for google to make any significant splash.
Google will come to our rescue.
the cost for installing fiber optic connections is currently too expensive for google to make any significant splash. people are becoming more desperate for it though, so maybe google can pre-charge people for installations and then give them credits after everything is running.
Once "they" get their hands on it they will pervert it.
No ... they must spend it.
Because, we, the people only want to be pay with "real" money.
Google will come to our rescue.
digital anarchy? the cable companies, at least in the U.S., are basically decoupling themselves from net neutrality laws.. they are going to become absurdly powerful.
That kind of blatant tyranny could be just the kind of spark the sleeping citizens need...i doubt it. i've been saying that for a while, and nothing has happened. all they'll do is just put more money into lobbyists, while most people are occupied with working/providing for their families.. or occupied watching reality tv shows.
digital anarchy? the cable companies, at least in the U.S., are basically decoupling themselves from net neutrality laws.. they are going to become absurdly powerful.
That kind of blatant tyranny could be just the kind of spark the sleeping citizens need...legendary
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Core dev leaves me neg feedback #abuse #political
Bitcoin has definitely arrived - I don't know if this is good or bad.
This should help clarify the issue for you.How could it be bad?
Once "they" get their hands on it they will pervert it.
only if "we" let them.
digital anarchy? the cable companies, at least in the U.S., are basically decoupling themselves from net neutrality laws.. they are going to become absurdly powerful.
Bitcoin has definitely arrived - I don't know if this is good or bad.
This should help clarify the issue for you.How could it be bad?
Once "they" get their hands on it they will pervert it.
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