Very interesting @calaber24p I see your points and I don't believe governments should give up their fiat money to run on bitcoin. I think cryptocurrency is useful for reducing transaction costs between international currencies. I see a problem since the 2008 crisis as being dealt with in a way that does not help the working person. In the past inflation would allow people to work themselves out of the debt and currency would effectively be devalued. But Quantitative Easing seems to have bailed out the banks but at the same time kept (reported) inflation low. Globalisation and offshoring are also helping to keep working persons in developed countries in this bind. What would you see as a way out? Bitcoin is not their solution.
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But the peoples solution is the blockchain. You spend "Alts" but save in Bitcoin.
Good point @automaton. So the suggestion might be a blockchain Bitcoin, with a local Britcoin, for example.
Yes, local currency or competing currencies. Some currencies may have a fixed supply. Others may have a flexible supply. No central bank needed.