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RE: The Bloodless (r)Evolution: How Bitcoin Will Destroy Government And Central Banking
As far as I am concerned from an architectural stand-point, a blockchain is the perfect tool for a government to keep track of everyone. forever.
That is the fear now..I agree that government will figure out how to use it to their advantage
These empirical forces (both public and private, and ultimately the table of families that control them) are 10 steps ahead and making MASSIVE plans for blockchain. Let us not underestimate the resources and planning of the Novus ordo seclorum.
Point
It can be, but it needs to take certain drastic steps. I must admit that the easiest place to implement those drastic steps is my very own ignorant US of A. Because we will allow our government to do anything as long as it is aimed at any of our many prejudices. If a government manages to impose a one wallet rule and cracks down on all others it can be accomplished. The 80% Chinese fact is worrisome because it has the makings of a basic Federal Drug Opeation, meaning: wait till they get fat and then go for the Big fish, the Chinese Government can actually and up controlling a Major Blockchain. A Government of the people by the people requires aware and educated people. Looooong way to go for us.