Bitcoin won't end the dollar's reign, government policy will. It is not that Bitcoin is good, it is our system, where economics is being centrally planned, is bad, inefficient, and flawed. History made it evident that central planning simply doesn't work, no single party can know what to produce, in what time, in what quantities. Any government intervention distorts the real picture, market prices, it confuses both producer and consumer.
The same applies to money. Money is a measurement system, it is language, with the help of which the market is communicating. When central planners try to control and manage this language, what they do is change the meaning of words, add new letters to the alphabet, confuse everything. The market cannot communicate properly because language is broken. Bitcoin is a new language, they cannot control it, they cannot make changes in it, its alphabet is set in stone. It is up to the market to decide which language to speak. Hope we will come to the right decision.
Very nice comment! Especially the second paragraph! I will definitely use it to explain Bitcoin to some people around me, very simple to understand! And I completely agree with the last sentence, I would just add one thing, the market will decide and that means people, we are all part of the market!
If we follow that logic, Bitcoin won't end dollar's reign, people will do that! It's the end line! If the majority of people decide to use better language, that can help in setting up better communication, more trustworthy, that will be the end of the old languages! Traditionalist will try to hold their values, but they will not last long, new generations are coming, and new generations are digital as they can be...even before they make first steps!
I am not a Bitcoin maximalist! I give chances to some other amazing crypto projects that can really help in creating a better world! The world is big enough for Bitcoin and alts!
