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Steve, this was a helpful review. Deserves wider recognition. Thank you for the definitions. Love the Libbitcoin definition of 'State' =A set of people who profit through aggression in lieu of voluntary trade. Well done! Regulation of Bitcoin mining is coming. I do not see any way that the Bitcoin difficulty adjustment, or fee premium can help Bitcoin prevail over government regulation of miners. Confirmation depth will do nothing as Governments will not be looking to double spend.

https://blog.cryptostars.is/death-of-the-real-bitcoin-coming-all-too-soon-6622ef8cbfc8

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