in the current system, it's unfair that government (through tax law and control of force) mandates that you use a form of money that doesn't function well as a store of value
The governors of the Federal Reserve are appointed by the President and confirmed by Congress, and politicians, for all their numerous faults, understand that if the economy goes in the crapper it hurts their chances of getting re-elected. So there is democratic accountability, albeit democracy on a long fuse, that discourages the Fed from doing something stupid with the dollar.
Bitcoin’s early adopters, by contrast, are only special because they got on the bandwagon first. They don’t have any special talents that they are being rewarded for, and they aren’t accountable to anyone.
The Fed does not have accountability to anyone as seen in their resistance to being audited. After they are confirmed they can do what they want, as a board, without any direct accountability.
The governors of the Federal Reserve are appointed by the President and confirmed by Congress, and politicians, for all their numerous faults, understand that if the economy goes in the crapper it hurts their chances of getting re-elected. So there is democratic accountability, albeit democracy on a long fuse, that discourages the Fed from doing something stupid with the dollar.
Bitcoin’s early adopters, by contrast, are only special because they got on the bandwagon first. They don’t have any special talents that they are being rewarded for, and they aren’t accountable to anyone.