"when bitcoin is heard by 80% of earth population. Only 1% of that have already jumped in, the majority who miss the bus being early adaopter start getting upset, they want bitcoin death by agreeing to fork a new coin so that everyone has a fair chance. Bitcoin dies, miserably. How's that."

This is a good comment.

People are flocking to bitcoin because of the inherent bonuses in using a decentrilised system such as bitcoin. The same way that people moved to the fiat system away from gold/silver, because of its use in comparison (transportability = profit/less costs). Atm (as far as I know), there is nothing (similar) that compares to bitcoins infrastructure and market (and trust, which is hellova important).

IF as you say (which is possibility), late comers get peeved at the success of bitcoin, they then invent a better version, then excellent, if there's a better version I'm sure people would then understand the need for change and improvement better and will move onto it. And the geniuses that invented this improved money system would benefit.

As long as it's great for the world, then we should all support something new, as Satoshi would from what I understand.

Bitcoin would not have died miserably, it would have given birth to something even better and would graciously move into it.

The fiat system dies because it is corrupt, inflatable beyond reason. Gold was as the horse, fiat was as the automobile, bitcoin is like the plane.

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Concerning tax -

how will you state it? as bitcoins? you're changing enough to cover bills, and keeping the rest in bitcoins. Taxman phones you and asks where your money is, DON'T lie, be honest, you say "urm, I have spent all my (converted) cash, you can see my bank accounts, but I have bitcoins." They'll be like "eh, what?", they'll report it back, but there's nothing they can do unless they bring bitcoin into their system of tax (which would be amazingly awesome for bitcoin taking over the fiat, it would kind of be a tipping point, in the far future probably).

At this point they can request your employer provide an initial bitcoin deposit address, then tax that amount (probably on the point of receiving). After that initial wallet it'll be lost to them as you spread it around a little and spend it.

So, bitcoin itself is taxable (introduce a 'forced' tax address that employers have to pay you through) IF they introduce it into their systems, at this point it pretty much at tipping point for taking over. Which still massively in the benefits for all if such a system became dominant.

And the major point is that those NOT paying tax until that time would have more spending power, atm, your taxes/spending power is going to wars and mass imprisonment. If you choose NOT to pay tax (as many would today) knowing that you'll be starving your corrupt government of its 'bankers bonuses' and war money, and at the same time putting your own money into new and old business, that YOU want to put your money into.

There's plenty of huge corporations in bed with governments that DONT pay tax atm, I'm sure you've heard of a few. Yet the people are trapped in the tax system. Bitcoin frees us, but it does allow us to CHOOSE where we put our tax free money, which in turn is an investment back into the economy.

But as you say, taxes cover public services - governments will (should) be forced into more national spending, instead of wars and corruption/bankers, if they don't, with the lack of money, it's much more likely they'll be voted out of office, and people who give a damn about their people, the people, will get voted in.

And - if governments continue to use their tax money for bankers and wars (as is more likely tbh, because thats what they have been doing), public sector jobs will decline, the economy will continue to crumble, taxes will be continued to be misused and this whole continued mess will push more people to bitcoin (as it did me).

Also, many public services have gone private, or are going private and more will appear. You don't need to pay tax to cover your costs. If governments don't catch up, then there's a possibility that they will disappear in the future... If their funding is cut off, and all the privatised companies in a persons area takes/taxes bitcoin. Then your area has excellent self funding, yet your government has suddenly been starved from your area.

End of the Government era?

Rise of the Libertarian States?