Just finished reading through this thread. This is the most important and concise post:
Good read
Bitcoin is a forgone conclusion at this point, and even if not bitcoin, crypto currency being the dominant medium of exchange. Fiat by central govs simply cannot compete on any level.
Central Govs are so inefficient its hard to know where to start. The reason being [the power to] tax. This power and enforcing it, makes the preservation of self the central function of Govt under layered under the guise of much on the doctrine of public good, eg roads schools/education, police force etc.
The power to tax is dealt a near fatal blow by BTC as tax jurisdiction and legal jurisdictions will be arbitraged to near zero by almost instant capital flight of Cryptos.
But this is not the most powerful aspect of cryptos. Rather Crypto's allow niche provision of goods services in a mass production way, further there is no off or on for the Bitcoin "work force". The economies of scale achieved by are far more nuance, powerful and encompassing that the crude budget, interest rate, bond issuance, QE, etc etc. Fiat simply can't compete with the ways BTC can flow in and out of opportunity. If you remember the last scene in the first total recall movie, the current economy is like us dying out on mars with nothing breathe or in the subsections of society where they can turn the air of at will. BTC has just given air to everyone, en~masse.
The path to uptake may face serious resistance. Yes the internet took media which is powerful, but it not he same as money. Money is power, by tax and qe, and those in power [not you] are not only accustomed to it but that's their only conduit to means to live, that's all they can do. Fortunately the war was over before the first shot was fired becuase ... maths. No amount of power changes maths. Crypto is maths.
