I am South African, so I am forced to use the South African rand, while not the worst currency in Africa, in global terms it's pretty much confetti, the fact that I can acquire a currency and store my labour in a value that is globally recognised and has liquidity all over the world is far superior for me. 85% of the world is in the same boat as me, so i can't see why they wouldn't make the switch.

The price of bitcoin doesn't matter, that's for traders and speculators to decide, what matters is I can acquire a unit of measurement that I know I cannot be diluted from, if I have 1 bitcoin its always 1 of 21 million.

Fiat currencies are forced upon us, we don't get to choose and with those mandates you immediately get liquidity, bitcoin doesn't have that, its an opt in network and because of that you will always see a repricing as new users come in and out with different sizes of monetary energy

It's great that bitcoin doesn't have a floor, like anything when something drops in the relative value we can find out where value or effort is needed. if acquiring bitcoin is more profitable than capital goes into storage, when it's not capital can flow out into sectors that need it

You can say gold is a global network but never have we had an opt in digital financial network with its own native asset. We can overlay fiat models, we can overlay the internet adoption models, we can overlay commodity models, but no one knows when we get to a point where the medium of exchange competes with fiat.

It could be 10 trillion could be 100 trillion, at this point pontificating on medium of exchange to me is premature. We have money for medium of exchange in fiat, I will spend my fiat as long as I have it.

We have a better money in bitcoin where I can save and when I need to tap into it I will. I don't disagree on your points in the time frame of today, and sure my assumptions may be biased as I consider the fact that apolitical money is something the world needs. An economy where we all know the rules and we all are forced to abide by them will always have value, maybe it doesn't become world reserve currency, personally I don't much care if it does,

What I care about is being able to opt-out, and this is what it does for me.