'[A]ny electronic-cash model that necessitates regular human oversight will eventually be captured by the same legal regimes that govern the legacy financial system, because the presence of human actors (who, of course, can be fined, jailed, or forced into plea bargains) represents a vulnerability that government actors can and will exploit to assert control. The one-sentence explanation for bitcoin's success is that it solves this challenge in what appears to be the only way possible: by removing human decision makers entirely from the system.'
'[A]ny electronic-cash model that necessitates regular human oversight will eventually be captured by the same legal regimes that govern the legacy financial system, because the presence of human actors (who, of course, can be fined, jailed, or forced into plea bargains) represents a vulnerability that government actors can and will exploit to assert control. The one-sentence explanation for bitcoin's success is that it solves this challenge in what appears to be the only way possible: by removing human decision makers entirely from the system.'