Interesting article Keegan, its something I've been thinking about in the last month or so, and is a topic that deserves more attention. While this is not an article on Bitcoin as a currency, your arguments would be strengthened if you did more research before comparing Bitcoin to fiat currencies. Most notably, your comment "Every country has their own currency, except for the United States." is patently False. The United States government has full control over the US Dollar and sets its own monetary policy. Additionally, you overlooked the Euro zone, in which member nations give up their own currency and much of their freedom to set independent monetary policy for the right to use the Euro. Giving up this freedom is not always good for member nations, as we saw in Greece during their sovereign debt crisis.
Interesting article Keegan, its something I've been thinking about in the last month or so, and is a topic that deserves more attention. While this is not an article on Bitcoin as a currency, your arguments would be strengthened if you did more research before comparing Bitcoin to fiat currencies. Most notably, your comment "Every country has their own currency, except for the United States." is patently False. The United States government has full control over the US Dollar and sets its own monetary policy. Additionally, you overlooked the Euro zone, in which member nations give up their own currency and much of their freedom to set independent monetary policy for the right to use the Euro. Giving up this freedom is not always good for member nations, as we saw in Greece during their sovereign debt crisis.