Bitcoin is a currency without a government. But, one may ask, didn't we have
gold, silver, and other metals, another class of currencies without a government?
Not quite. When you trade gold, you trade “loco” Hong Kong and end up
receiving a claim on a stock there, which you might need to move to New
Jersey. Banks control the custodian game and governments control banks (or,
rather, bankers and government officials are, to be polite, tight together). So
Bitcoin has a huge advantage over gold in transactions: clearance does not
require a specific custodian. No government can control what code you have in
your head.
Finally, Bitcoin will go through hiccups. It may fail; but then it will be easily
reinvented as we now know how it works. In its present state, it may not be
convenient for transactions, not good enough to buy your decaffeinated espresso
macchiato at your local virtue-signaling coffee chain. It may be too volatile to be
a currency for now. But it is the first organic currency.
But its mere existence is an insurance policy that will remind governments that
the last object the establishment could control, namely, the currency, is no longer
their monopoly. This gives us, the crowd, an insurance policy against an
Orwellian future.
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If you have aby doubts please let me know