Here is the secind piece

December 1, 2025 • 2 min read

I think it’s a direct threat to the current central banking system as it provides alternative borderless currency to people and central banks won’t have control over monetary policy anymore. They cannot dilute it (print as much as they want) anymore.

It takes a great deal of power away from central banks(governments) and gives it to the common people.

The scarcity of bitcoin and its proven security is what gives it value and makes it trustworthy for stores of value.

What makes bitcoin additionally attractive especially blockchain is that traditional currencies have some fixed institutional costs attached for their working which makes it inefficient and slow and unreliable sometimes because if there is any issue in the central entity, everyone gets affected.

But in bitcoin, there is no single point of attack, it is borderless, frictionless, cost-efficient, fast, reliable, and transparent. And it's improving every day.

As bitcoin is competing directly with sovereign fiat currencies, it’s very natural that central banks(governments) will try to suppress it/ ban it completely.

Now what remains to be seen is to what degree they try it and what alternatives they provide to bitcoin-like cryptocurrencies. And what degree of decentralization we settle on.

But what’s inevitable is going to happen.

Cryptocurrencies are here to stay and no democratic government will be able to stop them for very long.

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