> If five years from now everyone in the world has become a bitcoin user, that could only be because something very very bad has happened to the regular monetar

> If five years from now everyone in the world has become a bitcoin user, that could only be because something very very bad has happened to the regular monetary system. Perhaps hostile aliens have enslaved us and are using the payments system to control what we can buy, sort of like Margaret Atwood's Compucounts in her dystopic Handmaid's Tale. And so bitcoin has gone mainstream, but only because we have all been forced to become under-the-table bitcoin users in order to buy stuff we need. I'm not sure the author is paying attention to what really is happening to money around the world. - Local currencies are being weaponized in various ways from countries to individuals, including surveillance, sanctions, and civil asset forfeiture. - Physical currency is being withdrawn incrementally around the world, forcing citizens into electronic payment networks with greater weaponization potential. - The dollar's position as global reserve currency and asset have placed unprecedented stresses on the US financial/political system. there are only two options: default on the national debt(s) or devaluation. It's not going to be default. So, for as long as the global dollar short squeeze[1] rages, the Fed's balance sheet will expand, fuel devastating bubbles, and cause rational people to look for alternatives in the strangest places. - Gold is increasingly becoming problematic if held abroad. Venezuela recently discovered that gold stored in UK vaults can be stolen by men in 3-piece suits. This makes the picture around gold as a settlement asset increasingly murky. Bitcoin may or may not offer solutions here. But to brush off obvious problems with the world's financial system at this moment in time seems rather short-sighted. [1] https://www.lynalden.com/global-dollar-short-squeeze/ https://www.lynalden.com/global-dollar-short-squeeze/