bitcoin will not just replace other mechanism/means of paying without a state interfering.
And why?
Because our current finance market is regulated and we don't need bitcoin to free it.
Its not technology which is putting all those restrictions and systems onto the finance market therefore a technology like btc doesn't solve anything.
Companies for example are not allowed to do trade with North Korea by law. So if everyone starts to use btc to do exactly that, guess who will step in and regulate it?
I'm always lost on why people think btc will fix any issues we currently have. There is a reason why people invest in Euros and Dollars ('hard' currencies) and gold.
And why?
Because our current finance market is regulated and we don't need bitcoin to free it.
Its not technology which is putting all those restrictions and systems onto the finance market therefore a technology like btc doesn't solve anything.
Companies for example are not allowed to do trade with North Korea by law. So if everyone starts to use btc to do exactly that, guess who will step in and regulate it?
I'm always lost on why people think btc will fix any issues we currently have. There is a reason why people invest in Euros and Dollars ('hard' currencies) and gold.