Chrystia Not-so-Freeland

Why Canada is cultivating an M-pesa moment for bitcoin ...

> Crypto is a terrible system. And I would seriously rather not operate via its channels. But with great centralisation comes great authority, and having a pesky challenger in the mix is probably a good thing. It keeps the core system honest. It’s the reason we have a shadow government in politics too. A challenger system keeps things in balance, and prevents the forces of corruption taking root in the core system. The best scenario is one where bitcoin is there as an option but very rarely used. > The fiat world should compete with bitcoin etc and win because it is more honourable and more efficient, not because it is mandated.

Via The Blindspot page