> When critics mention this, they point to merchants pretending to accept Bitcoin but in actual fact enrolling a payment processor to instantly convert it to fi

> When critics mention this, they point to merchants pretending to accept Bitcoin but in actual fact enrolling a payment processor to instantly convert it to fiat. That argument strikes me as something that doesn't take into account the fact that the fiat currency system is essentially a legacy system that some are trying to replace. Of course the safest approach to this would be to try to decouple from the legacy financial system at the interfaces, like the payment gateways. Ship of Theseus style, the entire legacy system could be replaced in place with the participants able to continue trading in the meanwhile.