Of course the market is going to do what it's going to do. I'm trying to predict the future here please humor me. Some Bitcoiners see a future where Bitcoin is the only currency. Nocoiners do not see a future with Bitcoin in it at all. The reality is probably somewhere in between.

What I'm trying to do is envision what that reality may look like. Could the interaction between Bitcoin and fiat create a more equitable credit system by providing a bridge between the static rigidity of Bitcoin and the infinite malleability of fiat? I think that interaction could tell us a lot about the true price of risk and it will be how interest rates are determined, at least partially. Interest rates are an expression of risk after all.

If I can describe this potential interaction and figure out how it could work, I think it could further my understanding of the current state of things.

Anyway I just barely thought of this today and I'm still working out some details. I will post something more fleshed out soon.