I think the major appeal is in what can't be done. Did you know, for instance, that in the past ~8 years we nearly quadrupled the US monetary base? [1] What ar

I think the major appeal is in what can't be done. Did you know, for instance, that in the past ~8 years we nearly quadrupled the US monetary base? [1] What are your opinion on the economic decisions that led to this? The Fed themselves seem to believe it has failed to achieve what they set out to do which was to increase inflation, and to indirectly increase the real GDP. Here are a couple of interesting articles. [2][3] What of increasingly speculative ideas like negative interest rates? How do you feel about the government's decision to more or less ignore the mounting debt of the US? If the US dollar lost strength, perhaps as we move beyond the petro dollar, do you think it will maintain it's value as world reserve currency? Do you believe that banks, the Fed, and the government have your best interest in mind when making their decisions? [4] These questions are rhetorical because your response doesn't matter. Nobody's does. Except 7 people in a room (currently 4). They make their decisions, you live with the consequences. Decentralized currencies change this enabling people to place their 'value' into something that nobody can manipulate, beyond normal market forces. The current absurd rise of Bitcoin is indeed somewhat scary and looks like it should be due for a major price correction at the minimum. If there was a central body in charge of Bitcoin then now might be the next time they decide that the next few hundred blocks will yield 10,000 bitcoins instead of 12.5 - just to try to lower the price and 'stabilize' the currency a bit. But this will not happen. The currency will continue unabated, controlled by market forces alone. This could be a good thing, it could be a bad thing. But you can make a decision without having to worry about the implications of what 4 people in a room decide. Interestingly this [inflation of supply] could be done theoretically in a fork, but then again it would be up to the market to decide the value and merit of such things instead of our 4 people. In my opinion taking trust and centralization out of anything is a good idea. And this is something that decentralized currencies offer. Currencies whose value tends to increase over time have a sordid past. On the other hand I think that rather begs the question of whether we've 'solved' economics, or are just building up for an even lovelier epitaph before we even hit the centennial of 1929. [1] - https://fred.stlouisfed.org/series/BASE/ https://fred.stlouisfed.org/series/BASE/ [2] - https://www.stlouisfed.org/Publications/Regional-Economist/July-2009/The-Curious-Case-of-the-US-Monetary-Base https://www.stlouisfed.org/Publications/Regional-Economist/J... [3] - https://www.stlouisfed.org/publications/regional-economist/third-quarter-2017/quantitative-easing-how-well-does-this-tool-work https://www.stlouisfed.org/publications/regional-economist/t... [4] - https://today.yougov.com/news/2017/05/11/trust-banks-not-universal/ https://today.yougov.com/news/2017/05/11/trust-banks-not-uni...