Introduction

The transition from Fiat Standards to the Bitcoin Standard, though highly desirable, is not inevitable or necessarily imminent. The timing and occurrence of these changes hinge on the adoption choices made by individuals, organizations, and public entities. These decisions are influenced not only by rational considerations but also by emotional and irrational factors (greed and fear above all). The collective will, formed by the intentions of a critical mass with sufficient capital and agency, plays a crucial role in displacing central banks and the entrenched power structures in favor of a new system centered around Bitcoin. Despite Bitcoin’s evident technical, economic, and…

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