Re: Is Bitcoin infrastructure too Chinese? What should be done technically?
What "bigger missions" are you speaking of that would put decentralization on top of its list?
Replacing fiat definitively. To accomplish this you just can't put all the eggs in a Chinese basket and give it to XI Jinping to keep it secure and act rational.[...]
Slightly off tangent, but I think for this we'd need to start from scratch either way.
Regardless of what growth potential I still expect from Bitcoin and some of the other cryptos I'm not convinced that a deflationary currency can work without an inflationary currency to relieve market pressure -- ie. without credit I'd expect economic growth to stagnate, and credit within a deflationary ecosystem is financial suicide. Note that I mean credit as in company bonds, not as in maxing out ones credit card.
It is axiomatic, and I afraid you put yourself in shadowy borders of cryptocurrency movement once you begin revisioning its mission. Inflationary monetary disciplines which are meant to help 'relieving' market pressure (like fiat) are aligned with state control and government intervention eventually and it is not an option for us, rebels. Bitcoin is based on a resistance axiom, resistance against sate control, it is deflationary by definition and indisputably.
Also, I think it is too soon, to argue about how economic growth could ever be compatible with a true deflationary monetary system and we could relax and focus on preliminary phase: mass adoption.