How would a world, realisticly speaking, look like if we ever reach a dystopian level where we all stop using the currencies of our own countries?
Srsly, if i stop trusting in the Euro, i can't imagine how our whole economy has to look like. I think we might have a lot of bigger issues at this point in time as bitcoin and probably not enough resources anymore to run bitcoin.
You could pick up a history book, and you would learn that gold was almost never used as currency because it was simply too rare, and too valuable for the amounts traded in normal commerce.
Rather, silver was the currency of choice in Europe and most of Asia, with lower-value denominations eventually showing up as coins made of less valuable metals.
If ECDSA or SHA256 were shown to be weaker than believed, they can be substituted in the bitcoin codebase (given approval of all participants, which are incentivized to ensure the computational security of the protocol).
The energy is the barrier to prevent malicious parties from rewinding history. Fundamental, understood quantities in the universe is far better than the political whims of the party in charge.
What does hyperbitcoinization look like? This infographic video provides some introduction to what this could be: https://www.youtube.com/watch?v=2pDlaOGA2ac (Bitcoin: Everything there is, divided by 21 million)
The endgame of HODL is a digital Fort Knox. Under the gold standard people didn’t actually exchange pieces of eight. They used paper money.
You’ll just get a new state which holds Bitcoin and issues debt based on Bitcoin in the form of promissory notes.
It’s pretty simple - just require taxes be paid in Bitcoin and use violence against those who don’t pay. Just like with other revolutionary wars, you pay generals with land and soldiers with the new currency (I.e. Bitcoin). Some of those generals will end up as a dictator or president depending on whether you are able to establish a democracy.
The state will be the ultimate HODLer just as it was with gold.