To me, the fact that bitcoin is so inefficient means that a government cannot coopt it because it would be politically untenable. That's trading a bad thing for

To me, the fact that bitcoin is so inefficient means that a government cannot coopt it because it would be politically untenable. That's trading a bad thing for a good thing Ultimately though, side chains with various insured instruments (aka banks) will prevail due to their ease-of-use, and most real-world transactions will use unstable side coins (aka fiat currency).