Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?
The only reason bitcoin was able to get to the level it is now is because it has no interference from any
organization or central bank. I think the reason why most countries have useless currencies(sorry to say) is because of the rules put in by the central banks.