>While to many of us that sounds crazy, if you're threat model assumes
>Bitcoin is a legal/regulated service provided by a highly trusted mining
>community it's a reasonable design.

There is a large, grey area all the way to "legal/regulated service provided by 
a highly trusted mining community".

Painting the worst looking picture is either a defect in thinking or 
intentional FUD.


> Mike Hearn recently posted his threat model, which specifically argues we
> should assume governments are not a threat.

There are two ways to fight governments:

1. either you become too big to close, so political repercussions become 
unacceptable

2. or you become too tiny to hunt, in which case you are much better off with a 
specialized alt-coin, designed specifically for that purpose.

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