Programming note: “Money Stuff” is free tomorrow and Monday, available again on Tuesday.
If we take a step back here, there is something really cool about what Bitcoin has achieved, in some ways much cooler than Satoshi Nakamoto's original vision for it. The original vision of Bitcoin was that it should be “electronic cash,” a way for people to send payments to each other without using a bank or other intermediary. I mean, fifteen years later there was some progress in that direction; Some people sometimes pay for goods and services with Bitcoin. But it hasn't exactly taken over the world of payments. El Salvador has declared Bitcoin legal tender and required all businesses to accept it, and even there it is not that widespread. In major developed economies, despite years of crypto proselytizing, people still clearly prefer fiat currencies and traditional banks.
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