> is it really 'ludicrous' to speculate that those in power seek to destroy bitcoin in any way possible? especially when taking into account how vocally anti-establishment the bitcoin community has become.
No one is that afraid of the bitcoin community, or of bitcoin itself. The bitcoin fringe is only novel in their application of the blockchain towards the problem of reducing the risk in organized crime. The world has heard the anarchist, anti-bank rhetoric before, and for that matter, from groups that actually blow up banks and murder people to further their goals.
There seems to be no evidence of any government seeking to "destroy bitcoin in any way possible." One would expect there to be fewer bitcoin based companies openly operating if that were the case. Rather, it appears that governments have reacted to bitcoin by defining it in terms of their existing regulatory frameworks, and deciding whether or not, and how, it can legally be used and taxed.
No one is that afraid of the bitcoin community, or of bitcoin itself. The bitcoin fringe is only novel in their application of the blockchain towards the problem of reducing the risk in organized crime. The world has heard the anarchist, anti-bank rhetoric before, and for that matter, from groups that actually blow up banks and murder people to further their goals.
There seems to be no evidence of any government seeking to "destroy bitcoin in any way possible." One would expect there to be fewer bitcoin based companies openly operating if that were the case. Rather, it appears that governments have reacted to bitcoin by defining it in terms of their existing regulatory frameworks, and deciding whether or not, and how, it can legally be used and taxed.
So yes, it does seem a bit ludicrous.