I out new all of you , I'm so new that I can't even post in the newbie section .

They let this post through just so I could say this .

No keep holding you brought at just the right time !

Can I just add anonymint ,

Dont be too negative on all of this , you let it get you down , you think highly , but .

I can assure you , government agencies have no innovation , they sub innovation out.

The only control is to the degree that the wealth that is held in what format is accepted or acceptable.

The evolution of  currency can not be stopped , and the only answer is physical human war.

But when the numbers are run , it comes up a big no go. So who's going to support it ?

Nations need generals to organize wars , and when generals get fired and become yes men , that only makes the numbers look worse .

So what to do ?

The economic world many people knew ended in 08 , probably earlier . But the world did not .

Then the differences of opinion that you and I have are fairly minor .

You seem to understand economics , congrats , and I mean that , most people can not.

This is mostly due to their information environment.

Bitcoin

Down

Don't 100 %  agree  but +1

Hi you might want to call me an "expert" and I completely agree with most of the statements in the  topic, but  however I think you  are giving too much credit to government agencies , They can and will be quite efficient ,  but  not generally before the fact , you seem to be inclined to believe that bitcoin , was a "strawman" system , yet there is evidence of the most basic type against that , but then in other ways that " evidence" could be seen as  planted .

But that aside , let's instead look at results .

The result amoung other things of  the "bitcoin" effect is that there seems to be an evolution that has kicked into gear , and also with that , literally the unpredictable affection of run on multidimensional information.

An economy has grown on its own , and disconnected itself from bitcoin.

That is happening every day .

Now remember I said I was an expert ?

You will likely say that all other cryptocurrency is priced back to BTC , so it's now a quasi " reserve" for these other cryptocurrency.

So goes bitcoin so goes cryptocurrency ?  I really  very much doubt that ,  the power that any  " elite" as you call them hold is in relation to the faith of the system of wealth they hold that in, here is your fundamental flaw in the topic .

So the pool of the world's " wealth" is caught up in now a reserve  currency that  seems to  have as large or larger credibility issue than bitcoin.

The idea that there will be a " switch" I think is novel funny , and impossible , if/when the USD loses reserve status , the last thing on the governments mind will be bitcoin. ! The governments will be barely functioning , think Russia 90.

And in effect society is seeing a slow motion version of this occur , so it's happening , bitcoin and I believe all other crypto currency of respect will be lifted by this " rising tide " as the wealth of the world realises  they actually have no wealth , or much less than they thought .

This effect is a transfer of wealth., it has happened many times in history , so in summary .

I like the objective of your essay , but you  give too much credibility  to

- governments
- government agencis
- the "power elite "

But to explain exactly why , I'd have to write my own essay  but it's not a complex  effect , and simple to explain .