Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Indeed, for many fiat money is a "bubble"
But which long-term complex economic system isn't?
Its about how long they last until they are replaced with something more intricate and complex.
So far the Bretton Woods / oil-backed USD / debt-fuelled model has held. Cracks were forming before cryptocurrencies showed up. More are showing faster than they can be fixed.
Cash is being digitally "printed" like crazy, while paper bills are being slowly discontinued. An opaque game of numbers.
With all its flaws, cryptocurrency is the path forward for greater accountability, freedom and transparency.