> Getting involved with cryptocurrency is by no means a prerequisite for learning those things. A fairly basic understanding of world financial markets will get

> Getting involved with cryptocurrency is by no means a prerequisite for learning those things. A fairly basic understanding of world financial markets will get you that. You can't believe how many people I came across that still thought money was backed by gold (including myself I must admit). This topic is under the discussion thanks to Bitcoin. > I think you underestimate the stability of the world financial system, and vastly overestimate cryptocurrency's chances at supplanting fiat currency. I agree that the financial system is stable, and that cryptocurrency has only a tiny chance of succeeding in that. But when it does, this would mean a huge overhaul of our current system. The federal reserve would be pretty powerless in such an event (even now with the low interest rates, it has a problem keeping control). Which means things would go really fast. That in combination with fraction reserve banking, doesn't look pretty. So I agree with you that the chance of that is really tiny. But when it occurs, the impact is enormous and fast.