People want familiar power structures because they have been conditioned to equate authority with safety. Yet the historical record shows that those same power structures have repeatedly devalued currencies, imposed capital controls, and selectively bailed out institutions at the expense of the public. Bitcoin challenges this because it is transparent to the point that all monetary policy decisions are visible and immutable on the blockchain. No secret meetings. No backroom deals. Just open code and distributed consensus.
The question is not whether Bitcoin can replace fiat overnight. The question is how long fiat can coexist with a system that offers an alternative immune to political whims and corruption. Because once you really understand how Bitcoin works, you stop asking whether it can survive and start asking how the old system will adapt to its presence...
People want familiar power structures because they have been conditioned to equate authority with safety. Yet the historical record shows that those same power structures have repeatedly devalued currencies, imposed capital controls, and selectively bailed out institutions at the expense of the public. Bitcoin challenges this because it is transparent to the point that all monetary policy decisions are visible and immutable on the blockchain. No secret meetings. No backroom deals. Just open code and distributed consensus.
The question is not whether Bitcoin can replace fiat overnight. The question is how long fiat can coexist with a system that offers an alternative immune to political whims and corruption. Because once you really understand how Bitcoin works, you stop asking whether it can survive and start asking how the old system will adapt to its presence...