> Most monetary transactions are already cheap and efficient Say that to peple sending wires with Western Union at 40% commission, and waiting one week for the

> Most monetary transactions are already cheap and efficient Say that to peple sending wires with Western Union at 40% commission, and waiting one week for them. > BTC is not 'money' - it can kind of be used as that, but is not, and is used less and less as such Revolutions take some time (this one is going pretty fast). Would I work for bitcoin now? No. Do I consider working for bitcoin in the short future? Yes. Is it important for me to have government approval to work for bitcoin? Haven't decided yet. > People have been working on electric cars basically forever and it's been ongoing As said, my comment was not specifically about electric cars, that was just an example. Any other example would do. It would be naive to think that powerful interests have never succeeded in halting progress. > Having a 'Central Bank' is not a drawback in the opinion of most people - this 'decentralization' stuff is technology/libertarian ideology, nothing more. Most people do not know or care about this. Whether that is good or bad for them is debatable. > A well managed Central Bank is preferable to a fairly strict currency with arbitrary control mechanisms. An economy that loses the ability to have monetary policy ... well ... loses a lot. Sure, amongst other things: - the ability to debase savings of people and force them into brainless consumption, ensuring everybody is playing the rat race. - the ability to privatise profits and socialize losses (see financial crisis) And other niceties. > The 'problems' that BTC is trying to solve are not real problems. You are just not seeing the problems, as nobody could see clearcase's problems pre-git. And, more importantly, you are not seeing the possibilities.