> I believe printing money is actually a good thing. But let's not get into an economics argument here.
You are confusing ethical argument with an economical one. I was talking economics, not ethics. Governments get a lot of power from ability to print money and censor transactions. Bitcoin removes these sources of power to a high degree regardless of whether it's good or bad. Like, when the internet got huge, moral question of whether people should be exposed to "evil books" or not becomes irrelevant. If one wants to read a book you think is not appropriate, he will do so anyway.
Governments printing ASICs to spam the network... That's the most expensive way to attack Bitcoin. If anyone ever gets to it, it simply means that BTC is already established in many places and widely used and very valuable. Governments would love to extract that BTC for their spendings instead of killing it. Like it happened with gold: in theory, gold is superior to printed fiat currency, but it isn't killed, it's confiscated and used as a hard currency among those who can afford keeping it secure: governments and banks, not you and me.
You are confusing ethical argument with an economical one. I was talking economics, not ethics. Governments get a lot of power from ability to print money and censor transactions. Bitcoin removes these sources of power to a high degree regardless of whether it's good or bad. Like, when the internet got huge, moral question of whether people should be exposed to "evil books" or not becomes irrelevant. If one wants to read a book you think is not appropriate, he will do so anyway.
Governments printing ASICs to spam the network... That's the most expensive way to attack Bitcoin. If anyone ever gets to it, it simply means that BTC is already established in many places and widely used and very valuable. Governments would love to extract that BTC for their spendings instead of killing it. Like it happened with gold: in theory, gold is superior to printed fiat currency, but it isn't killed, it's confiscated and used as a hard currency among those who can afford keeping it secure: governments and banks, not you and me.