Replying to Avatar Quotable Satoshi

The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.
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mango 1y ago

In my opinion, a certain degree of trust is completely fine as long as it's voluntary and you have alternatives. Fiat is not voluntary, and that's the problem.

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the axiom 1y ago

if it isn't voluntary why isn't everybody using bitcoin at this point?

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mango 1y ago

Because the mass adoption of voluntary, better money still takes a very long time. Moreover, fiat currency is legally mandated and not voluntary.