Well, I think bitcoin can possibly become high-enough adoption and high-enough market-cap to serve as a check on fiat money; ie, if/when govs get too reckless with their currencies, wealth will flow to bitcoin and disincent the reckless behavior.
That happens by more and more people using and holding bitcoin. Bitcoin being legal to use/hold in most parts of the world is probably necessary for significant adoption, at least on <50yr timescales.
That happens by more and more people using and holding bitcoin. Bitcoin being legal to use/hold in most parts of the world is probably necessary for significant adoption, at least on <50yr timescales.
Gold was made legal tender (against silver) in the 1870s. It took - in addition to all the history of mankind - I think 15 years of active accumulation of gold and selling silver by the bankers, before they could be sure they had the gold in their control.
And then the golden era of 1870-1913 started with so much new gold production, they could not be sure any more. And then the gold confiscation and outlawing of 1933, and the IMF, World Bank, BIS, etc with most of the gold of the nations taken to the U.S., and then the theft of all that gold, and the derivatives scheme to control the mining etc. etc. In all probability, 80% of the gold is in banksters' control now.
There is no lack of tricks (start with applying all the above to BTC with modifications necessary) they can use to coerce 80% of all the BTC to their control as well. Their timeframe is longer than ours. It is true that they like BTC more than gold.
ADD: I am speaking truth. A troll was recently summoned to harass me, that is a further confirmation
