[thoughtpolice]

Hacker News: where some people legitimately believe that the entire world will abandon the current credit/monetary system, because reasons (or alternatively, "just because" - you know, to see 'how it works', because an entirely new monetary system is like testing on some FiveFinger shoes to be spontaneous).

Also, Bitcoin is totally an invention by the Fed to ween people off fiat, despite the fact the Bitcoin network and its total overall volume are a joke compared to global currency trade, and basically worse, or completely irrelevant, for consumers in pretty much all cases.

If there was any ever proof techno libertarian supernerds are insanely disconnected from reality, stuff like this is it. You have a better chance of actually being The Highlander. But seriously, I could write a comedy novel about this stuff at this point - so do continue to go on.

[AC__]

I'm disconnected from reality? So how do you view the global monetary system working 10 years from now? Will the world be using U.S. petro-dollars? Can the fed print off another hundred TRILLION and avoid hyper-inflation. Like it is all well and good to say I have my head up my ass but can you give me some of these answers?

[task_queue]

Why would the world shift from a currency that is economically and politically entrenched via trade and treaty?

What would Bitcoin solve that the USD doesn't?

Why would the world accept a technological "solution" whose implementation already contains dire technical problems?

What makes you think hyperinflation is a realistic outcome?

If I grant you a world that decides fiat model is Bad, why would they choose a system that is inherently centralized? One whose early adopters and hoarders have been manipulating the crypto-currency market for their advantage for years? One whose transaction history is public to _everyone_? One that only has a handful of gatekeepers, that have been proven to work with governments and have been caught delaying transactions to profit from the change in the price in Bitcoin?