>The idea being money without a central authority, something that has never really existed before (digitally, at least).
But you still have distributed authorities, the owners of Bitcoin. The idea that one should be controlled by the interests of financial capital is anthitetical to free speech, freedom and self determination.
>Also, Bitcoin threatens the status quo in a massive way. Not only private businesses like banks but also powerful entities like governments and intergovernmental organizations.
It doesn't, it entrenches the status quo. That is quite literally what deflation is, a reward for people who dominated the economy in the past.
> But you still have distributed authorities, the owners of Bitcoin.
What does that mean? That's not how Bitcoin works. There are no distributed authorities. Even miners don't have authority over Bitcoin, other than deciding the order in which transactions get confirmed.
> It doesn't, it entrenches the status quo. That is quite literally what deflation is, a reward for people who dominated the economy in the past.
Even if this was true in a world where Bitcoin is the dominant currency[0], it is not true in the world we live in today. In the world, we live today, governments, corporations, and wealthy individuals are all heavily invested in fiat[1]. I wasn't making the argument that Bitcoin is morally desirable because it disrupts the status quo. I was making the argument that because Bitcoin disrupts the status quo, it will get significant push-back from the powerful entities which have an interest in preserving the status quo.
[0] Apple alone has 200$ billion in fiat, just to give an example.
[1] It's not as if fiat monetary inflation goes directly into the hands of the poor. There's a lot of evidence that the opposite happens and that it actually increases wealth inequality: https://wtfhappenedin1971.com/
But you still have distributed authorities, the owners of Bitcoin. The idea that one should be controlled by the interests of financial capital is anthitetical to free speech, freedom and self determination.
>Also, Bitcoin threatens the status quo in a massive way. Not only private businesses like banks but also powerful entities like governments and intergovernmental organizations.
It doesn't, it entrenches the status quo. That is quite literally what deflation is, a reward for people who dominated the economy in the past.