I believe "That which does not kill us makes us stronger" very much applies to Bitcoin. It will be painful for those people, but this is par for the course with Bitcoin and somehow it's still thriving (see: https://bitcointalk.org/index.php?topic=83794.0)
Bitcoin is a decentralized system that relies on many centralized services, but it also enables decentralized versions of many of those services to be built. As each centralized service gets picked off for one reason or another (Silk Road, Mt Gox) people will realize why the decentralized and trustless versions are necessary and migrate to those.
This is exactly what happened with file sharing (Napster, Gnutella, BitTorrent, etc), and we're starting to see it happening with money (Bitcoin), messaging (Bitmessage), DNS/naming (Namecoin), coin mixers (CoinJoin), exchanges (Ripple), etc.
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I believe "That which does not kill us makes us stronger" very much applies to Bitcoin. It will be painful for those people, but this is par for the course with Bitcoin and somehow it's still thriving (see: https://bitcointalk.org/index.php?topic=83794.0)
Bitcoin is a decentralized system that relies on many centralized services, but it also enables decentralized versions of many of those services to be built. As each centralized service gets picked off for one reason or another (Silk Road, Mt Gox) people will realize why the decentralized and trustless versions are necessary and migrate to those.
This is exactly what happened with file sharing (Napster, Gnutella, BitTorrent, etc), and we're starting to see it happening with money (Bitcoin), messaging (Bitmessage), DNS/naming (Namecoin), coin mixers (CoinJoin), exchanges (Ripple), etc.