I don't mean to lecture, I just was adding some speculation as it's an area I think about a lot. I don't own any bitcoin but i'm an austrian schooled economist and I understand the arguments for decentralized money - and I argue for a gold standard. The problem with bitcoin has no underlying value as it's not a commidity, plus there are no rational actors when the miners run out of hashes. The blockchain is an immutable receipt that specify that you own this thing, which doesn't require a bank as the middle man, so you are the bank.

Also this currency that the Fed and other central banks are looking to create is not bitcoin, but a slave digital currency. There is no way they can implement a new centralized currency using bitcoin. it just doesn't work for Central Banks that need to rev up the quantities whenever they want.

I don't mean to lecture, I just was adding some speculation as it's an area I think about a lot. I don't own any bitcoin but i'm an austrian economist and I understand the arguments for decentralized money - and I argue for a gold standard. The problem with bitcoin has no underlying value as it's not a commidity, plus there are no rational actors when the miners run out of hashes. The blockchain is an immutable receipt that specify that you own this thing, which doesn't require a bank as the middle man, so you are the bank.

Also this currency that the Fed and other central banks are looking to create is not bitcoin, but a slave digital currency. There is no way they can implement a new centralized currency using bitcoin. it just doesn't work for Central Banks that need to rev up the quantities whenever they want.