I’m at the point where I understand it but cannot articulate it. Which naturally, I’ll try now. My subconscious is much smarter than my conscious mind when it comes to economic and sociological stuff, however my understanding, which may be retarded, is that when a credit based monetary system meets a commodity based monetary system, it’s not a big boom head-on crash, instead one slowly bleeds into the other, resulting in a slow deflation of prices, which is in theory good.

For my part I believe this is inevitable. However governments will need to react to this and it is quite hard to predict how that will play out. Their debts are insanely big, mostly driven by their local banks excessive lending, and the bleeding effect would ideally be a slow and peaceful deflation of prices and ideally keep people that have mortgages paying the same monthly repayments, or even paying it down more quickly.

Imo the most interesting thing about this whole thing is transitioning from credit theory of money world to a commodity theory of money system, it’s going to reshape the world. It will not make financial sense to lend money for the sake of interest, the amount borrowed will grow in value thus making the original borrowed amount easier to repay. This is entirely contrary to the system represented by central banking so expect their full force to come down once they realise bitcoin is more than an investment asset.

With that said, it’s already too late.