" That’s another problem with bitcoin. It’s an attempt to operate a borderless, supranational scheme in a world where countries and borders still matter a lot. The fundamental weakness of any such libertarian scheme is that governments are backed up by force, and the schemes are not. The more ingenious they are, the more attention they attract – usually of the wrong kind.
" If Wright had to reveal himself as Satoshi because he’s threatened with ruin or jail time, the value of his supposed fortune is not $400 million, as the current bitcoin price suggests; it’s zero. Fiat money represents the brute force of the governments behind it. Bitcoin only stands for about 5 million people’s ideal of stateless freedom; it’s not a good shield when things go bad."
Is this sort of like a landless peasant of the 16th century volunteering to die in the army of the king?