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[pbleak]

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[jonald_fyookball]

I think one of the big obstacles to totally replacing fiat money is that people are used to the pricing of fiat.
Back in the 80s, there was a campaign to try to get Americans to dump mph and go with kmph , etc
pounds for kg...and it never caught on.

Would people dump fiat pricing for btc pricing?

[jonald_fyookball]

 Not really. That is more of a late-stage adoption issue in replacing fiat entirely. Right now, most mainstream products and services are going to be priced in fiat anyway, with bitcoin as an option.

[cypherdoc]

the #1 threat by far is gov't overregulation or outright hostility.

#2 would be self destruction by greed driven protocol changes that create instability, both from a technical standpoint and from misplaced economic assumptions.

[gagalady]

I think one of the big obstacles to totally replacing fiat money is that people are used to the pricing of fiat.
Back in the 80s, there was a campaign to try to get Americans to dump mph and go with kmph , etc
pounds for kg...and it never caught on.

Would people dump fiat pricing for btc pricing?

There so many retired people on the earth not everyone can get used to bitcoin. Only next generation could be using bitcoin as "main" currency and at our situation FIAT money wont go anywhere. This will take time.

[pbleak]

Hmm yes, I guess this is a major issue. Especially since most of the proper wealth is concentrated in the older generation.

[cypherdoc]

I'm not worried about mining centralization.

If it was a concern, it would've been done by now. Yes, bigger players are entering the market because there is so much money to be made. There will always be whales but also always minnows. Point being, the economic incentives are such that the majority of players make more being honest.

The only players incentived to act non economically are banks and gubmints but I think it is too late for them.