I'll take a look at those essays, thank you. Although, regardless of opinion, current economic policy is largely influenced by Keynesian economic ideology. Thes

I'll take a look at those essays, thank you. Although, regardless of opinion, current economic policy is largely influenced by Keynesian economic ideology. These policies have at least correlated with some of the best GDP growth ever before seen. Switching to an economic model that utilizes a currency which fluctuates by up to tens of percent per-day might prove possible to the delight of free-market economists. However, that's an enormous MIGHT, and will probably be shot down by politics before it ever becomes policy. Additionally, your point in D means nothing. Banking and economics is also "decentralized" by your definition. There is no absolute central authority of banking, but rather a small conglomerate of strong authorities with different powers. Fed controls the money outflow - mining pools control the money outflow. Big banks control the market movements - whales control the market movements (with much greater influence). Government controls the money policy - Bitcoin core controls the Bitcoin policy. It's the same system with a different name. I get the feeling that you fall under the camp of Bitcoin holders who believe in it as a settlement layer, or a digital gold. Your points are correct. Although I believe settlements over a smart contract make far more sense than settlements through a cryptocurency with extreme market inefficiency. However, my points are less about addressing the small minority of holders who understand the currency, and more to address the vast, overwhelming majority who hold false beliefs. I've had to explain to too many people that Bitcoin cannot be used to pay for takeout. I've had to explain that it isn't a gold standard for money laundering. I've had to explain that deflationary does not provably mean good. Regardless of what your vision for the currency is, its price (and the price of cryptocurrencies in general) relfect a lot of delusional market thinking, and an extreme case of market inefficiencies.