It looks like there are no others
I mean significant and important others. It is the major world powers like the ones already mentioned that directly determine the world policies, either directly or indirectly via institutions like the IMF (in the latter case regarding financial matters). Also, I wouldn't overestimate that "mandate" that people gave to these governments.
Again, I am trying to avoid prescription, here. In other words, I am trying to talk descriptive rather than prescriptive, and in that regard, I believe that bitcoin brings a dynamics that will contribute towards various kinds of accountability and momentum
that is truly bottom upThat sounds pretty ambiguous
Of course, we are hardly likely to ever get rid of top down dynamics and top down attempts at manipulation and control
Obviously, they consist of people, and it is this small group of people who took control over the governments (let's cut the crap about democracy here).
I am referring to dynamics that apply across all societies, of course, some are more top down than others and some can really deviate from public mandates in the way they behave and treat people
This is an obvious catch-22 problem
The top down is top down specifically because it succeeded at manipulation and mind control at some point in the past. And this will always be so. Well, at least as long as humans remain social beings and thus vulnerable as well as prone to manipulation. And no Bitcoin will be able to change that
And if they keep their financial and monetary policies sane overall (read, they don't hyperinflate fiat), there is little to no threat to them from crypto
I am not talking about "crypto" I am talking about bitcoin. Fuck all the various pump and dump bullshit
I referred to crypto here more as a technology rather than a specific coin (but let it be Bitcoin, I don't mind)
Anyhow, assuming that you were referring to bitcoin, and you just substituted the word "crypto," then I am still going to make the point that bitcoin is going to force accountability of governments, and of course, we likely do not disagree that more responsible monetary policies are going to compete better and perhaps even stave off some of what seems to be inevitable in the longer term, which is the gravitation of value into bitcoin. Of course, this could take 100 years to really play out and maybe even 10-30 years to witness powerful changes in the gravitation of value towards bitcoin
Actually, I want to believe in that thing myself
That Bitcoin, or rather the decentralized technology on which it is based, could force accountability on governments but I seem to be more pessimistic about its prospects in this domain. Really, Bitcoin has been around for 10 years already and so what? It was mostly a speculative asset 5 years ago and things didn't change much since then. Somehow, you wouldn't really expect miracles on making governments more responsible from something which people only use to profiteer. Give these people something else more rewarding or enticing to play with and they will happily abandon Bitcoin in the blink of an eye
Even if many of us active in these forum threads could be dead or on our final legs before something like BTC world currency status becomes obvious, we are still likely to witness various kinds of little by little of signs moving in that direction... just as we already should notice today that there is little by little advancements in the adoption and the power of bitcoin, even if much less than 1% of the total world population has taken any kind of meaningful stake into bitcoin
I think you are overestimating the potential benefits of Bitcoin and its advantages before fiat
Indeed, fiat can be a pretty dangerous thing if misused and abused. But there is nothing with Bitcoin which can't be done with fiat as well, but the opposite is not true. Economically, Bitcoin (and other cryptocurrencies, for the record) are inferior to fiat. At max, Bitcoin is an advanced version of gold but without some of its drawbacks but not all of its drawbacks. And these other drawbacks (the largest being its rigid supply which doesn't follow the demands of an economy) are what make Bitcoin ultimately inferior (though it is definitely good as a vehicle for speculation)
Bitcoin is a paradigm shifting asset, and less than 1% of the world seems to have a bit of an understanding of that
From an economic perspective, Bitcoin is totally subpar to fiat done right