> No additional tanks, armies and nuclear weapons needed.
Of course not. The existing ones you depend on to protect the necessary infrastructure and servers of bitcoin are already sufficient.
Of course not. The existing ones you depend on to protect the necessary infrastructure and servers of bitcoin are already sufficient.
I assume you argue that a single army/government could take out/control miners - which would be the better discussion to have. That's where we would talk about the value of the Bitcoin network.
Centralized exchanges are the reason you don't pay 10000 bitcoin for a pizza. They're the reason why it's even accepter, because there's at least one large place that will exchange your coins for cash.
In my opinion there is little to absolutely no reason to ever change Bitcoin back to cash. Maybe take a loan against or rent it out to others for cash interest, if you really want cash.
I don't value trustlessness, and in fact lack of trust is a vacuum filled by evil.