Quote from: BitHodler on August 14, 2018, 09:17:57 PM

Quote from: jseverson on August 14, 2018, 02:55:34 PM

But yeah, if we want to break worldwide barriers without ceding a sovereign country's ability to control their monetary supply and giving an international centralized body inordinate amounts of geopolitical capital, we can simply use Bitcoin alongside fiat. Bitcoin is the new world currency.

Yup. I don't see why people keep focusing on Bitcoin to replace everything while banks, governments, fiat and Bitcoin can perfectly function alongside each other. We can use the best of all options offered. That's freedom.

Not everyone is interested in Bitcoin to dominate everything. If Bitcoin was to replace everything as some speculative noobs want it to do, all others would practically be forced to go with something they don't like.

Bitcoin can't handle the weight of the whole world, and for that reason we should be happy to have other options helping Bitcoin to evenly distribute the weight of the world population. Bitcoin even with LN isn't going to do it alone.

Totally agree. There is too much weight and expectation put on bitcoin,
we see it here on the boards regularly. "When will bitcoin be accepted as
the world currency" etc. etc.

Not everyone wants to use bitcoin and bitcoin cannot solve all economic
Requirements.

A one world currency is possible for sure, the EURO is a good example
but bitcoin wont be it, in the context of replacing FIAT.