> Power like what you've described comes from control of the money supply
So Ecuador [1] and every member of the Eurozone are powerless? As well as practically every revolutionary force in history? What about governments when we were on the gold standard?
> If I have billions of dollars worth of BTC I may start paying men with guns to defend me from the other men with guns, well then we have a power struggle
This works equally well with your holding Bitcoins or dollars or renmimbi. Wealth conveys power. Whether it is held in gold or Bitcoin or Amazon stock is irrelevant.
So Ecuador [1] and every member of the Eurozone are powerless? As well as practically every revolutionary force in history? What about governments when we were on the gold standard?
> If I have billions of dollars worth of BTC I may start paying men with guns to defend me from the other men with guns, well then we have a power struggle
This works equally well with your holding Bitcoins or dollars or renmimbi. Wealth conveys power. Whether it is held in gold or Bitcoin or Amazon stock is irrelevant.
[1] https://en.m.wikipedia.org/wiki/Currency_of_Ecuador