Thoughts on ''Relationship between Crypto and Fiat is that of co-existence and not competition''
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Why people can't see we need both for it to even exist & make sense?
BTC and other Open, Public, Decentralized, Free-to-innovate, Permission-less & Censorship-Resistant are simply going to be what the users want them to be. Even in terms of when people say ''when people will stop using BTC and other cryptos as investments or trading or stocks blablabla'' This mentality is not understanding the Network Protocol at all. People are missing the point completely.
Neither the goal/point/vision of the internet was what it is today & gonna be tomorrow when it started (even 10-20 years after 1969)
The consensus/decentralization point is : if the platform is really Open & Decentralized, the protocol/system/platform is going to be what everyone inside wants it to be.
That is the promise of this Bitcoineth and yeah sometimes other shitcoins that might probably all need to go through the ruff path of forking/hacking/ICO-ing/scamming/uninterest followed by boom/constant badnews about terrorists & pornographers using it, before those cryptos obtain more robustness, resilience, privacy-inclusion & predictability maybe more from those events themselves than anything.
Some Networks protocols will maybe have only 2 users, or 1 user or all AI users, but yes this system will still matter and will exist in this space (even if only 2 users are using it and selling 100000000's of those coins for 2 pizzas)
We can all agree ''Replacing Fiat for Bitcoin'' would be terrible for most people (well maybe for some less terrible in some places than their actual national currency) and that it's the at all the goal of 1 or more Crypto? Don't tell me people won't accept crypto because you can't do this or that with it, it's programmable money. You can multi-sig, LN transact, and do millions of other things we still have no idea about that will happen with further dev. I see adoption as an underlyin technology like the fact Linux is in our cars, thermostat, lawnmoer, vaccum, almost all servers everyone/corporation/government use all across the globe.
McDonald did what chefs in restaurant does, but faster and for 1$ a burger and they sold billions. Does that mean chefs across the globe have no jobs anywhere, or that McDonald replaced all chefs? Maybe at a small %, but what really changed that was more automation when it arrived in industrial farms & packaging. Competition is needed in every aspect of our society, but like we know nowadays is protected by massive laws/regulations and governments.
Nowadays, tons of users only use ''free'' online services that they pay most of the time with constant micro-violation of their privacy. The point of internet & the funding of AI should not be into pushing more consumerism, it is everything AND that.
I don't think a lot of people figured that the internet would create the world we see today. I also not think people saw and opportunity to make everything more efficient in every aspect possible, and that would lead to liberating mankind with AI and by helping people having opportunities.
We all know corps & individual use Open Source linux because it is EMPOWERING, not only because it is free.
We need to focus on education, the best ''get rich slow scheme'' and work on how we can introduce decentralization of our daily life. I'm seeing interesting things in the Public Health. like it would have been the best thing to do about the internet/phone/automobile & all disruptive tech. lets top thinking about how price/state of cryptos will go to ''this'' or BTC will do ''that'' if Fiat money does this or that.
Maybe you or I see crypto as empowering and better than the current system, but this is only because we understand and see what the current system is. This is why it is disruptive, because we can see the infrastructure inversion of security and better/quicker/more programabble money, even for financial industries themselves. That's why we should aducate about why most people in the crypto-space since before 2017 worry about non-decentralized cryptocurrencies.
(PS: RIP Timothy C. May, go read about the cypherpunk legend and author of the “Crypto Anarchist Manifesto,” has passed away at the age 67. https://www.coindesk.com/cypherpunk-legend-timothy-may-has-passed-away)
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