you should check out the cult of fiat banksterism ... it works really well for the high priest wannabees like yourself i heard
Fiat structure is supported by modern economics that have been developed by academics throughout hundreds of years.
This "banksterism" that you see, is another animal altogether. This has been caused by the growing corruption of the public sector. This has been the cause why the banking sector is over-privileged, and that is why all the anger towards banks from the working class.
Public sector should control banks and see to it, that they fall under basic capitalism rules like fair competition. But when societies leaders are a pack of unethical and weak spirited
"felines", then banking leaders don't have to practice responsibility.
People with little knowledge about finance tend to blame modern economics when thinking of the latest financial problems. But it's not the economics, but it's the rape of economics by certain people who have a lot of power and very little responsibility.
And who is the best supporter of this "banksterism" ?
Probably you.. or your neighbor, or members of your family. By always taking the public sector for granted and voting for someone "because I see him a lot on TV". People don't actually learn in depth the skills, experience, plans and visions of the electee that he/she votes for.
And that is how incompetent and weak spirited politicians come to be the leaders of the public sector, and that is why banking hasn't been balanced.
Apathy is a defect that has affected a large part of the population. I don't know if it's the speed of our environmental changes or hormonal problems, but people seem to be affected by it with increasing rate. For instance, in this forum, I only found couple of people who were willing to act and do something to root out the corruption in the bitcoin market system. Most even got angry at me for trying to do something. Most seemed to hope that if everyone does nothing, then things will get fixed by itself.
This part is not much different between "banksterism" and "bitcoiners". Both want to be rich and powerful without having any responsibility, or if possible, without doing anything other then enjoying luxury.
So, don't blame the modern economics and don't try to act like bitcoin economics would actually be better. The proof-of-work fixed coin creation system is a joke compared to modern finance. We are living in a globalized world and it would be absurd that this world could run trade with this simplistic system.
But there can be a system that is as complex or more as modern finance, and that would be mainly automated and transparent. That system will be the "coin" that I'm really interested in!
I like bitcoin because it brought forward a big step in moving towards this idea. I have always dis-liked religious fanatics though and I tend to fall into conflict with them.
Ok. There may be another coin in the future. Probably so. But bitcoin isn't going anywhere. You have to realize that you have not given an original criticism of bitcoin to date. Everything you talk about we have heard literally hundreds of times. Hundreds. And your core criticisms are the same that others before you said at $1, $5, $10, $50, $100, and now $1000. People said these things before there was an eco-system. Before hundreds of millions of private equity investments went into that eco-system. Before we had multiple exchanges. Before we had US government regulators interested in fostering guidelines for bitcoin development. Before we had institutional investment vehicles. And on and on and on. That is why when you say you got involved because of China, we laugh at you. If you wanted to get involved because you understood the promise of this protocol, then you would have looked at international remittance. You would have looked at 3rd world banking. You would have looked at legal contracts, etc. Instead you just chirp about currency, deflation, mining costs, volatility - the same shit we've heard from countless others in the past, and surely countless others in the future. You know what? -- all that shit was obvious before you got involved and started momentarily "to believe." Nothing has changed. Yet, you think you have it all figured out and we don't have a clue.
Carry on.