That’s a valid point. I tend to be optimistic though. Humanity has created psychotic and seemingly insane technologies before and we’ve made it through. This is obviously a bit unique, but so was every other example in their time. I tend to think humanity is more resilient than we give credit. That doesn’t mean that there isn’t the real possibility of a serious catastrophe or “great filter” event.
Discussion
Yeah, one of those technologies is fiat money... We have a solution now, that could solve that problem, but despite owning what I currently consider a moderate but decent amount of said solution since around the first halving (more back then, of course, I was mining and buying stuff with it), and having listened to probably 100-200 hours of podcasts, read one-and-a-half of Saif's books, etc. etc., I'm still not anywhere near convinced that hyperbitcoinization will inevitably come, or that the value won't go to near 0. (Don't worry, I'm hodling an amount I've determined, just in case.) I guess I'm a pessimist - I'll attribute that to, particularly me being very privacy focused, learning in fiat world that change generally is in the negative direction...