On Bitcoin, Cryptocurrencies, and the Decentralization of Wealth

Like all revolutionary ideas, cryptocurrencies are a young person's game, and those that claim it to be a "bubble", and seize on every downturn in the price of bitcoin as evidence that the bubble is about to burst, are primarily old men, too steeped it what they were taught in their youth to think outside these strictures. There are rare exceptions, but the mind, like the body, loses flexibility as it ages (this is why many great mathematical discoveries are made by people in their twenties), so it's not really their fault. They are simply past the age where the grasping of radically new concepts is possible. Of course the bitcoin bubble never bursts, it only only gets fatter, embarrassing anyone who attempts to set a date on when the value of the coin will go to zero. "A new scientific truth, said the founder of Quantum Mechanics Max Planck, "does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it." Eventually crypto's opponents will die out, by which time the superiority of crypto over fiat will be manifest, and -I predict- we will have a global cryptocurrency... Here the mathematical basis of this viewpoint is summarized.