Never in the history of mankind has a fiduciary medium ever been established as a currency without first being pegged to a hard money standard for a long time. They will try to wing this feature, but they will fail because confidence is the only property that is needed for this and that is just what they lack. nostr:note1gpcf8eeey44r5h2h834tdm3gt3zupsxuf42e68l0ll3qu689yp9qy08xwe
Discussion
Well, never in the history we had so many things... I don't think that's a sound argument.
I can see how perverse it is, but that does not mean it is bound to fail.
It is bound to fail because there is a hard money alternative that doesn't require confidence.
Bitcoin replaces the State at the speed of the internet.
The State as it exists today, “liberal democracy”, operates little above the speed when it was established 300 years ago.
Humans have prehistoric emotions, mid evil institutions, and god-like technology. - unknown