Earlier quoted context omitted.
> It’s worth considering what the value proposition of crypto looks like if you were to find yourself living under an illegitimate authority The cables where communications pass through are protected by armies If crypto eventually could pose a threat to those illegitimate authorities, they would give orders to cut the cables and games would be over. they could also trace them back to your house.
If your government was cutting off access to internet over the possibility that people might use it to conduct their business in cryptocurrency, do you think local demand for crypto would increase or decrease? The cable-cut might work for a while, but it wouldn't take too long for partition tolerant crypos emerge. You don't really need global consistency for most things, given that resources tend to be local.
Wouldn’t it? This is an unsolved problem and there is nothing that implies it can ‘quickly emerge’.
One of the paradoxes about crypto is that all problems with it can be quickly solved in the future, but somehow continue to exist in the present.