That was a horrible article. The culmination of the author's intellectual laziness is the paragraph "Of course, the global monetary system has suffered from a

That was a horrible article. The culmination of the author's intellectual laziness is the paragraph "Of course, the global monetary system has suffered from appalling management in recent years. The authorities, especially in the United States, first allowed banks to act almost as if they were in a right-money world, lending and speculating wildly. That led to a typical right-money disaster — a sudden loss of trust and the failure of leading institutions." The Federal Reserve has the ability to set interest rates in the way it deems best for the economy. There is nothing "right wing" about the way they set very low interest rates before the financial crisis. There is no way that private money could ever replicate the kind of economic stimulus that the Federal Reserve was able to engage in. Anyway I don't believe that bitcoin will become much larger (or smaller) than it is now. Not for any deep reason, but because it is inconvenient, and commercial banks are already very good at what they do. Hopefully it will provide enough of a shock to the system to cause a reform in the current system of merchant fees for credit cards, which are an aberration that should have never existed in the first place.