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ChristianKl comments on Are smart contracts AI-complete? - Less Wrong Discussion
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This is basically the idea that the state could decide to try to outlaw bitcoin mining and fight it.
Secondly you are wrong that any state has a monopoly on violence these days. There are multiple states and not none of them have a monopoly on violence. If you want to fight crypto-currencies you have to enforce laws in every country.
Its usually seen as very rude to go exercise violence on another states soil.
Doesn't bother the United States in the least.
Yes, and therefore no state has a monopoly on violence for the purpose of this discussion. To control Bitcoin or Ethereum an entity would need to make mining illegal in all jurisdictions.