Cryptocurrencies

[Poopadoop]

I think the nascent stages of a future currency, if it were to overtake a current one, would require the present currency system to be fundamentally broken. I don't see any evidence we're anywhere near that stage. I can trade my money easily for goods and services. I know the value of my money, and I can be reasonably sure it will retain that value over time.

If anything seems broken, it's a system where there's hundreds of currencies, most of whose values fluctuate all over the place. Why would anybody think we should prefer that to what we have?

Sure, there are certain situations where a stable crytpo like bitcoin nicely supplements the current system. But as far as it replacing it, nah don't see it happening anytime soon.

[boost]

I think the nascent stages of a future currency, if it were to overtake a current one, would require the present currency system to be fundamentally broken. I don't see any evidence we're anywhere near that stage. I can trade my money easily for goods and services. I know the value of my money, and I can be reasonably sure it will retain that value over time.

If anything seems broken, it's a system where there's hundreds of currencies, most of whose values fluctuate all over the place. Why would anybody think we should prefer that to what we have?

Sure, there are certain situations where a stable crytpo like bitcoin nicely supplements the current system. But as far as it replacing it, nah don't see it happening anytime soon.

Let's try this again. Let's imagine a world in which the current, long standing, monetary system is fundamentally broken and running on a combination of steam and momentum, and an alternate system is introduced and in it's (possibly late) nascent stage. How would this world differ from our world with the long standing fiat and newly introduced crypto?

For example, would everyone lose trust in the current system at once, or would it start with a small, but adamant and growing minority? Is there ever a transition of this sort in which the early adopters don't seem silly? Are you familiar with the position of the anti fiat, gold standard advocates from early 1930's? How different is your stance?

[Poopadoop]

Let's try this again. Let's imagine a world in which the current, long standing, monetary system is fundamentally broken and running on a combination of steam and momentum, and an alternate system is introduced and in it's (possibly late) nascent stage. How would this world differ from our world with the long standing fiat and newly introduced crypto?

For example, would everyone lose trust in the current system at once, or would it start with a small, but adamant and growing minority? Is there ever a transition of this sort in which the early adopters don't seem silly? Are you familiar with the position of the anti fiat, gold standard advocates from early 1930's? How different is your stance?

You'll have to explain to me how it's fundamentally broken. The rest of your post only makes sense if that assumption is true. Where is the evidence it is not working? Eg.., are people unable to trade? Are savings being wiped out? How is the current system broken?