Borrowing against a Ferrari 458 doesn't turn Italian supercars into ersatz currencies, in any meaningful sense. Money isn't just something you exchange for goo

Borrowing against a Ferrari 458 doesn't turn Italian supercars into ersatz currencies, in any meaningful sense. Money isn't just something you exchange for goods and services. It's directly linked to the sovereignty and economic soundness of its issuing authority. Imagine if a country started accepting tax payments denominated in something they have no influence over. Holding Bitcoin reserves necessarily means ceding economic power, and therefore autonomy, to a third party. For failed states without any economic autonomy to begin with, this bargain might be fine. But for everyone else on the international stage, this is a total nonstarter. Wars have been fought over monetary authority! We've had this discussion as a species already. What we have now isn't some pathological problem that needs to be disrupted. It's actually the outcome of a rational evolutionary process over thousands of years. Does it have problems that can be improved, yes. Should it be thrown away in favor of a new system built from first principles, absolutely not. That would be a new dark age, a dystopia.