In practice, however, the possibility of a global return to sound money and liberal government is extremely unlikely as these concepts are largely alien to the vast majority of politicians and voters worldwide, who have been reared for generations to understand government control of money and morality as necessary for the functioning of any society. Further, even if such a political and monetary transformation were possible, bitcoin's diminishing supply growth rate is likely to continue to make it an attractive speculative bet for many, which would in itself cause it to grow further and
...more
