> On the other hand, fiat money is constantly being secretly manipulated. Let's assume for a moment that this is both true and relevant. Why should reinventin

> On the other hand, fiat money is constantly being secretly manipulated. Let's assume for a moment that this is both true and relevant. Why should reinventing the wheel be the correct response? I feel like this is simply yet another example of the rather common bias of tech folks (not excluding myself here) where we too easily believe that a social problem can be fixed with technology. You see this kind of logic all the time when it comes to surveillance and censorship overreach as well. We know technology, and believe we can control it, and so think that all these social issues can somehow be fixed with clever anti-censorship or surveillance-proof technology. More often than not, these attempts fail entirely or become last-resort fallbacks at best. This has played out fairly well with Bitcoin as well. Over time, people realized that almost all the complex stuff that the fiat money system does is actually useful, and is damned hard or impossible to reproduce in a crypto currency pretty much by design. Meanwhile, the existing fiat money system could also be made transparent etc., if a political movement was formed to push for that. So now we're back where we started, with a social problem.