Bitcoin doesn't have those problems. It does have rules in place, like the recent halving, but there are no surprise rate hikes or cuts, no sudden unlimited QE that has to happen in order to prop up markets. When foreign nations decide to use something as a reserve currency, they need more than just someone's word that it will hold value, because they know the human beings who are controlling it probably aren't completely honest, and they don't really know these people are competent either.
It doesn't have them right now, but the first rules were set up by people, the next batch of rules can also be set by people you liking it or not.
If you didn't like segwit you were free to switch to shitcash, but is this real freedom with nobody imposing rules?
What if tomorrow the whole team behind the actual bitcoin with all the miners decide that the reward will be tripled and the supply raised to 210 million? What will you be able to do against? The harsh reality is that nothing!!!
Why is bitcoincash priced at 250 and bsv in 200$? Because of the code behind it? Nope! Because of the people behind it? Nope again!
It isn't the dollar that people don't trust; it is the Fed.
So...it has value because people trust it no matter who prints it?
That contradicts a bit the first part of your post, how can you dislike and distrust the FED but still have trust in their tool?
The explanation is pretty simple, people don't care who is behind any of those! Dollars, euros, gold, coins! People care that somebody will accept this thing in exchange for a different thing of value and when this trust is gone so is the value, that's why bitcoin price decreased that's why it jumped back again, nothing fundamental changed about it, right? The single fact that changed between 2016 and 2020 is the perception of the masses and that will give value to anything, from potatoes to beanie babies!
If the US goes through what the Weimar Republic went through, what would the world trade in? If you think "it can't happen here", remember that it couldn't happen there either, until it did.
You mean the US defeated after a 4 years war happening at its borders, a pandemic ravaging the country, lost territories to its neighbors, war reparation to Mexico equaling 10% of its GDP and occupation of Michigan and New York by Canada?
Nope, trust me, this won't happen!
