I have a slight disagreement with you on this Jeff. A fiat currency with a steady but small inflation rate may have been the best monetary technology we had prior to bitcoin. The issue I have is treating it as sacrosanct. Bitcoin is obviously better if you study it. So, with that being said, the issue becomes how to do transfer from the old system to the better system w/o blowing both up so horribly everyone ends up screwed.
Discussion
The good news about my question is the incumbent players and clueless masses seem to be such a break on the transition that bitcoiners can probably slam on the accelerator and try to transition as fast as possible and still not do damage from the speed of transition being too *fast*. We’re likely more at risk of it being too slow or in not the optimal order. On the optimal order issue, I think bitcoiners may want to think about that and try to influence that a bit to the degree that they can. In fact, such targeted decisions regarding the optimal order may just be fantastic business opportunities.
+1 and where do you start?
I think it’s really about education and adoption. If you help people & companies do that, the transition will be less rocky. But this also means understanding someone’s financial circumstances. If you tell a 75 year old retired teacher to go all in on bitcoin, you’re hurting the transition.