Well worth the read. I learned .....

Even though this article is dated July 4 2014 - it is more relevant today, than back then. I would have filed it in the too hard basket. Bookmarked Satoshi Nakamoto Institute for further study.

1. The slow fiat bleed

2. Possible attacks on currencies, based on coordinating lump sum BTC buying, using local currencies leveraged against Real World Assets and the impact on both BTC and the currency .

3. The effects of trading based on sentiment and FOMO where the buyers actions drive the BTC price higher and drives the currency to inflation.

4. The banks defense would be

i) Increase interest rates

ii) Impose monetary control

iii) Raid their Reserves

All these actions would drive people to adopt BTC, because they are experiencing the failure of fiat first hand.

Please tell me if/where I missed the boat.