if states fail badly enough, bitcoin will blow up in value; in that scenario, i'd expect people to just give away bitcoin to local governments in exchange for political status within them.
it's definitely scary, to be sure - but imagine being in the world in the 1930's and trying to forecast the incredible international order that would follow. All of history has likely seemed terrifying to its inhabitants.
As a hack, yes, I imagine they will.
That also sounds like Somalia.
if states fail badly enough, bitcoin will blow up in value; in that scenario, i'd expect people to just give away bitcoin to local governments in exchange for political status within them.
it's definitely scary, to be sure - but imagine being in the world in the 1930's and trying to forecast the incredible international order that would follow. All of history has likely seemed terrifying to its inhabitants.