[del griffith]

Will it become a vehicle to transfer value without involving banks? Yes. That is already happening. It is faster, cheaper, and it cannot be stopped by sanctions.

And that’s why I believe it will replace the dollar and other currencies. The ability to mask, hide and avoid govt involvement will drive this.

It’s possible those legacy currencies may still be used, such as th EU does, but the official currency will become digital.

[Vermont Lt]

Also consider that hundreds of millions of people in the world cannot do simple banking. Yet they have access to a smart phone. The Bitcoin environment allows those people to transact, transfer, and save small amounts of money that normal banks would simply dismiss.

I have to chuckle at the people who want to tax remittances out of the US by immigrants. I would suggest that MOST immigrants have moved to crypto because it’s cheaper, easier, faster, and it’s not going to be blocked or taxed by any government.

Remember how the Canadian truckers were penalized by debanking? That stuff cannot happen in a bitcoin environment. Governments use banking and taxes as weapons to get what they want—and to direct the herds. Bitcoin destroys that ability.