Buterin's Waterfall, a Likbez


Product: Price of BTC under control. Life for USG. (Examples: Bitstamp and Coinbase)

  1. BTC dumped by agents on public markets (The Ethereum raincloud)
  2. A portion of the "energy" sustains the agent's "businesses"
  3. USG Confiscators such as the National Security Agency and Department of Justice collect BTC pooling at the bottom (Silk Road v1 and V 2.0, Various Chumpatrons like pirateat40, vanilla idiots).
  4. BTC plundered via Judicial and other means (e.g. malware) goes to loyal agents who know what is expected of them.
  5. GOTO 1 (via evaporation)