Yes, similar to how reason's biggest problem is that people still choose to believe things without compelling evidence. Both problems are temporary side-effects of the infant state of our species.

It's the classic "you can lead a horse to water, but you can't make it drink" problem.

Universal trust in national fiat scrip. However this problem is fading by the day, along with the legitimacy of the state.

Time.

No.

Yes, but it's a patience issue above all else.

Two years? That is many moons from now.

Fixed that for you.

Do we at least have hoverboards in every major city? Because frankly I don't want to live in any future without hoverboards.

From what I understand, if you only have FINRA approval, there are a lot of types of investors that can't use the exchange. With SEC approval Hedge Funds and such can play. SEC is the real deal.

No matter what happens, I think you should panic.

I don't expect we'll see bitcoin's golden moment until another two or three years pass. We are in early days here, folks. It strikes me as highly probable that some horrible fiat catastrophe will bring on bitcoin's golden moment.

The remaining coins gain value proportionately as they have suddenly become more scarce. By 2020 the companies established around bitcoin will be both wealthy and secure.

That depends, how do you feel about being poor?

Don't count on Bitcoin having price stability at $5,000, or any other amount measured in fiat.

Fair price for 1 satoshi in fiat scrip is this:



It is unethical to endorse violence-backed fiat by accepting it in trade for private keys.
In rational self-interest terms, it is also quite stupid to accept the value of national fiat for everyone except the people printing it and their close friends.

The miracle of fiat is that the governments of these nations have convinced millions of people that they are their close friends. The miracle is that people believe this.
The miracle of bitcoin is that it represents mathematically provable truth based money. This antidote is being injected into a society of deceit.

There's a reason the Enron doc was called "the smartest men in the room".

It comes down to how many days have elapsed since the genesis block. Finance getting attacked by computer science, g-fucking-g the game was over before it began.

Transparency is an underappreciated feature of the blockchain. Conservatives, libertarians, and anarchists all tend to fetishize anonymity, but none of them seem to have considered what financial transparency could mean when applied to the elite, instead of only applied to the peasants as it is today. They have discounted a paradigm-shifting feature of a post-fiat reality. Money being created by democracy, rather than by the state. A public ledger with transparency, instead of a private ledger with none.

What's the matter capitalist, the market leaving you butthurt? You don't like the game because other people have more pieces than you do?
Awwww, poor little guy, he still thinks he can win the game! I'm afraid there's no room for you at the top of the pyramid, my child. You will have to remain poor forever.

Harsh reality: If you're not already among the global wealthiest ten percent, odds are high you'll be getting poorer in the coming decades. Automation is a bitch of a thing.
This is the beginning of the end of the nation state and capitalism as we know it. Divesting everything from fiat is your only hope to survive the coming transition.

Strictly speaking, on paper the dilemma may remain forever "unsolvable". However, each and every day of bitcoin's existence, the problem of trust is solved in practice.

And it's getting bigger and more valuable.

Well said!

Flatly incorrect. Satoshi solved the byzantine general's problem, a solution which had eluded computer scientists for decades.

All true, except you conveniently didn't mention that the "free-floating market price" of all these reinvented wheels will be free-falling down to zero as bitcoin matures.