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> Now he can push for more inflation, bitcoin will be the only hedge against it, boom, trillionaire.

That's assuming that Bitcoin gains value disconnected from the US dollar/economy. That's not a given.

If it doesn't, the trillionaire class can eliminate the fed and require all taxes to be paid in bitcoin.

At 7 transactions/second? Good luck.

You just need liquidity to hide the transaction time. As in, all transactions are instantaneous because they are all instant loans, where the reconciliation of the actual transaction happens slower in a back channel.

With Crypto volatility? That's a reconciliation nightmare.

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