I didn't say the state doesn't have other forms of power, only that they don't (and shouldn't) have a monopoly on it. Anyways, Bitcoin doesn't seem like much o

I didn't say the state doesn't have other forms of power, only that they don't (and shouldn't) have a monopoly on it. Anyways, Bitcoin doesn't seem like much of a threat to the kind of power developed countries have over their currencies. The USD isn't going anywhere and nobody is using cryptos for day to day purchases or servicing debt so the fed will remain firmly in control of the money supply and interest rates. It is much more of a threat as a method of capital flight to undeveloped countries (eg. China) who like robbing their citizens through inflation, currency manipulation, and capital controls. I think that's a great thing.