[and0]

Most people don't think about the value of the dollar or the conveniences of modern banking because it's become such a transparent part of our daily lives. That would very obviously change if it went away.

I also lament the "rapid centralization of wealth" but fail to see how Bitcoin or your worldview in general (as the opposite of a "Statist", I'm assuming) would do anything except accelerate this process.

Most people don't hate modern banking. Most people also don't pay fees to access their own money, except ATM fees (which are often reimbursed). This is a problem with banks anyway, aka the free market, not fiat. If banks are "too abstract for [most people] to think about" I don't see how they could figure out managing bitcoin, and would likely defer to private banking institutions for Bitcoin as well. Hell, they people already do store Bitcoin wallets in centralized systems, with often hilariously poor results.

Pro tip: when your arguments are to literally start questioning reality, you've lost. However it is refreshing to see a libertarian actually admit the sort of mental gymnastics their worldview requires.

Also, judging by the wild fluctuations in transactions day-to-day, I'm assuming this is all trading volume. I remember when a few legitimate businesses started accepting Bitcoin (Newegg, and uh.. that one taco place?) and I'm not seeing any real correlation where it should matter.

[MarkPNeyer]

> Pro tip: when your arguments are to literally start questioning reality

Saying "reality isn't stable" is a description of the dynamics of reality, not a claim that realty doesn't exist.

> However it is refreshing to see a libertarian actually admit the sort of mental gymnastics their worldview requires.

I've yet to see any evidence you think would change your view.

The evidence that would change my view on this is simple: bitcoin fails completely, with a price going to zero.

Is there evidence that would change your view?

[and0]

If someone found a valid use-case or actual market for Bitcoin outside of speculation that provided real value to everyday people. Or if the myriad of issues I've brought up had a solution and wouldn't just get worse with at scale. Until then, it's Beanie Babies with some cool math.

But I can also think in terms of hypotheticals and don't require Bitcoin fail entirely (or the USD to behave perfectly) to judge it, or tell that it's current value is tied to ideological and/or speculative wishfulness.