> is bootstrapped on a highly-developed industrial product that requires extensive infrastructure You can deploy a TCP/IP network on a moon base powered by sol

> is bootstrapped on a highly-developed industrial product that requires extensive infrastructure You can deploy a TCP/IP network on a moon base powered by solar cells. Infrastructure wise cryptos are way easier to deploy and maintain than having to print paper, create banks, ATMs, safes etc etc. > what have you really gained except that now everyone else is maintaining a copy No what you have gained is that instead of needing an entire army so people can trust your currency, you have an algorithm. Cryptos are the google of money: people trust the algorithmn because they can't trust each other. > How about manual reversion? Of course ideal cryptocurrencies are immutable. It should be impossible to reverse anything. But, markets usually build insurance services on top of it, which cover for all the things that the blockchain does not - at a cost of course. Still better than fiat. > Localization isn't a bug. It's a feature. And yet most of europe has either moved into the Euro, or pegged to it. And global central banks are more in sync than ever before. Localization is impossible and incompatible with globalized market. Look at the Euro crisis, it was really caused by the lack of "local" central banking, where none of the countries had the option to devalue their currency. There was a lot of talk and pressure about getting out of it , yet it did not happen and people still overwhelmingly support the euro , despite the austerity. I think this shows the resilience of a deflationary currency (the euro is close to it). IMHO, the euro proved to be a slightly better option than devalued currencies , the devaluation of which would cause much more severe problems in today's globalized, self-insufficient economies than it would in the past.