So many claims in one sentence!
Here are a few questions for you, so I can understand your thesis better:
1. How do cryptocurrencies specifically improve upon fiat currencies’ inflation when they are prone to systemic volatility? Bitcoin experienced a 40% swing in price in one day, and frequently moves out of boundaries the CME has stated would cause them to shut down trading on their futures.
2. How do you propose to get a cryptocurrency to a place of price stability without a centralized authority? I’m not saying I don’t think it’s possible, I want to hear your prediction.
3. Implicit in your thesis is the idea that money should not have been mass printed - do you think the government was ignorant of the economic ramifications or made a calculated bet that didn’t work out? How do you expect a given decentralized blockchain to do better based only on the valuation consensus of the market?
4. As it stands, most cryptocurrencies are actually traded in centralized exchanges, where the person doesn’t technically have control or autonomy over their money. How is this meaningfully better than a bank? What do you propose to improve this other than, “people shouldn’t do that?”
> whole argument against bitcoin is like the people were saying cars are so much worse than horses, because there are no paved roads, you need gas, maintenance, are noisy, can't scale, etc.
5. It’s easy in hindsight to say that cars are better than horses for mass transportation. This is because the “revolutions” that don’t work out are forgotten. For every example of horses and cars, people actually did know what they want, and it wasn’t the newfangled new thing, which turned out to be a solution looking for a problem. In other words, citing this example without further justification for your point is meaningless.
6. As a matter of fact, no, Bitcoin can’t scale. There are people reporting it can. There are people investigating it seriously. Look into the research - there are cryptocurrencies and blockchains that can scale, but they mostly do not use proof of work consensus systems, and they make trade-offs in Bitcoin’s original goals of decentralization and fault tolerance.