The self-referntial part is not the biggest problem, in the past money was created to fund an army which then made the money stronger in a virtuous cycle. Its

The self-referntial part is not the biggest problem, in the past money was created to fund an army which then made the money stronger in a virtuous cycle. Its biggest flaw is that it removes the friction from switching sides, and makes it a subject of politics. BTC was created to be the opposite, to take the power back from politics