Because it was a flawed protocol since the beginning: you can buy it with fiat = you can print fiat to buy it. So the same gangsters who print money simply have to buy Bitcoin with their printed money. And so, the same gangsters prevail.
There are some interesting developments apart of the technology that could be modelled in a better 'currency' but the bigger problem is people's belief in currency itself; the other main flaw is that Bitcoin is a (((currency))).
So all currency is shit because you can exchange counterfeit currency for it.
Yes.
When they print currency to buy BTC, BTC's price in currency goes up.
so they can keep printing money to buy it on the way up too.
what is a currency they cant print, cant control, cant influence, cant manipulate?
no currency.
therefore, the answer is in not using currency.
that doesn't mean not being innovative. Or not having nice things (within reason). Not living the good life. But does require us to think dramatically different about how we engage in day to day society - which has been molded on the idol of money.
Definitely part of the answer is to hold minimal currency and spend it quickly when you get paid for something, and hold your wealth in assets and other things not denominated in currency.
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