That's why we must not fight them, rather bring them into the fold by attraction and bringing them to realize that they only can benefit financially by adopting these technologies.
Most of the people in our societies have been paying some kind of imagined debt whether perpetual (slaves or serfs) or temporary (wage slavery), our societies are debt driven not opportunity driven. Crypto makes access to capital that much easier, because it lowers transaction costs of finding high performers.
Anyway this is all I have to say on this subject. For now.
First they ignore it then they laugh at it. Then they understand it and will try to replicate it. Only after that will they all pile in and get as many as their pudgy fingers can grab. Still, that is ok. At least debt based fiat will be more or less fading into history. We are at replication stage I think.
nah way too early only maybe 0.1% adoption at this point. but we are moving to 1% adoption in the next year 1 or 2 I believe.
by the end of the decade this will hit full on critical mass which is hitting about 15 or 20% where the network effect takes over.
and when that happens i think some very interesting things for the history books will start to happen.
for example if the dominant currency is not government controlled, things start getting real interesting. if certain cutting edge distributed applications do no accept fiat, ummm how does govt even do the things it is supposed to do?
but the more real interesting answer to that question is that you can start using distributed systems to pay for and care for things that bureaucracies are responsible for (like what roads get build, how much forest is cut, etc). They were invented back around the time of the Roman Empire or maybe dating back to the Babylonians and Egyptians... well if you can coinify bureaucratic decisions from transaction and proof of stake data, you can then lower your cost of government which is a necessarily high expense for analog civilizations.
sounds a bit far out but i think it is possible to have much more efficient societal level decision making that isn't such Byzantine labyrinth of regulations that even lawyers I talk to barely have a sufficient knowledge of to make sound decisions.
