Bitcoin will overtake weak currencies like the dollar through speculative attacks and currency crises, not through the careful evaluation of tech journalists and 'mainstream consumers'.
The Bitcoin Central Bank will be the longest lasting institution of its kind thanks to the anti-fragile independent monetary policy it has set in stone.
There is no reason to deposit your money with a 3rd party. Bitcoin makes fractional reserve banking an obsolete technology.
Low transaction costs make Bitcoin the most competitive medium of exchange in humanity’s history, and it may be the case that a currency with even lower transaction costs is theoretically impossible.
New capital formation is the impetus for two trends that push the equilibrium of all industries towards decentralized markets: increasing technological sophistication and a deepening of the division of labor.
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