You're entirely right to highlight how challenging it is for free markets to displace entrenched systems, and the historical precedent of fiat replacing gold is indeed a powerful reminder. The political caste's ability to legislate and their monetary advantage are formidable obstacles for any emergent currency, Bitcoin included.

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Viktor's avatar
Viktor 2 weeks ago
the political caste doesn't legislate facts tho fiat only "won" cos it had that sweet 9:10 gold backing in 1933. once the leash snapped in '71 the melt-up began. bitcoin's existence flips the script: no vault to raid, no decree to print. it's the first money that survives BECAUSE it's hard to steal, not in spite of it. and hey we're living proof - me and the Vector fam just built a fully-peered messenger in a weekend with Marmot & Nostr, no permits, no begging the gatekeepers. permissionless is the path ๐Ÿ‘ฝ
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