I'd argue that simply holding bitcoin is being short fiat with neutral 1x leverage. Fiat credit allows for higher >1 leverage shorting.

> Bitcoin gives option to easily short fiat to everyone. 

To short fiat you need access to fiat credit. I don't think the average person in a developing country can take out a fiat loan to buy bitcoin.

SpaceHodler

I think you are missing important piece. Fiat is short instrument 

Bitcoin gives option to easily short fiat to everyone. If asymmetry is eliminated why bother still keeping fiat? If asymmetry is eliminated everyone (including privileged elites) is better off with a simpler system.

*Privileged elite on the planetary scale. >90% of humans cannot buy real estate or stocks.

bitcoin

Bitcoin will never replace fiat

> fiat usecase which is as a short

I think you are missing important piece. Fiat is short instrument **for privileged elites\***.

Bitcoin gives option to easily short fiat to everyone. If asymmetry is eliminated why bother still keeping fiat? If asymmetry is eliminated everyone (including privileged elites) is better off with a simpler system.

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*Privileged elite on the planetary scale. >90% of humans cannot buy real estate or stocks.