I still am on the side against speculative cryptocurrency (I’m not saying the dollar isn’t worse) as a rule, but this is the best article I’ve read yet arguing for its future usefulness.

When insurance companies start accepting physical tokens (possibly some RFID embedded) that is somewhat worth the same as the electronic token from one day to the next, then it will be vetted. Until something like that, I might as well buy ammo or tools that can be traded for food and services.

I don’t want to hand over what I think is $100 one day and find out that I just sent $1000 in the mail. That’s basically why Bitcoin is growing at this point: everyone is trying to get some, and holding it is the logical option until it works reliably. The value of the dollar is not the intrinsic value, but the usefulness, which is receding as the promise (to work slaves and resources in the future for repayment of debts) becomes impossible without 4 more planets.

Bitcoin is being supported on the promises of those debt dollars in the here and now with only more promises of magic “technology" based on scarcity supply-side economics.

As you pointed out, currency domination changes are usually based on violence. How will the electronic token hold up when everyone targets everyone else’s power plants?

We don’t need different money: we need different people.