I have thought a little about this. I think it's because we are in a bit of an echo chamber (the fact that we're both using stacker.news is evidence enough ;), and it's hard for us to imagine what life is like outside of this echo chamber.

We see what's happening. We know the US has $33T of debt, and that interest on the debt alone is getting close in size to the military budget, and that this is not sustainable, yet they continue to spend like a drunken sailor. We see the corruption, grift, and waste everywhere brought about by easy money. We think fiat currency is a scam (I actually think fiat currency can work in theory with responsible leaders, but in practice this seems unachievable). We understand how Bitcoin "fixes" all of this.

But for people outside of the echo chamber, even if the logic is sound, it is all much too abstract. Conditions have not deteriorated enough for them to take action yet.

Their points of contact are at the periphery:

So for most, life goes on. This applies even more to your average "yuppie elite" (I keep pimping this article: https://www.onceinaspecies.com/p/why-the-yuppie-elite-dismiss-bitcoin).

One of the things I'm least certain about is the timing. All fiat currencies have gone to zero, but how much longer does the dollar have? Are we going to see hyperinflation of the dollar in our lifetime? A decade ago, I could already see signs of bloat and dysfunction at my current company. Yet their revenues and stock price have gone steadily upwards. Or take a look at IBM – if companies like IBM can persist indefinitely despite massive waste and inefficiencies, what about the US government?

Finally, I have one last related thought: covid showed that we have a lot of sheep and very few leaders. Taking the orange pill requires too much effort for a sheep. They won't do it unless they're brainwashed ;)