The New Technology, page-21

Firstly, saying that anyone with a negative view on the current bloclchain events is 'missing out' is a great attempt to undermine an argument without any content. Good attempt.

Secondly, not true at all on fiat currencies. There is a huge myth that since going away from the gold standard that fiat currency is created out of thin air but in reality all central banks have a standard modus operandi which includes continual asset monitoring. Assets include a huge range including precious metals, government bonds, stocks and mortgage backed securities. They are not built on faith bit rather printed to replace currency and buy assets.

Finally, the biggest fear you should have from bloclchain is not privacy but rather centralisation, regulation and inflation.

Bitcoin has been effectively controlled by a few parties due to.its small supply and asic mining model. Regulation in China had already proven to be able to disrupt the liquidity of bitcoin, the largest base and inflation due to hard forks is a huge concern. Block chain is a great technology and it will eventually thrive.. but the current experiment is going to crash at some point due to over inflation of valuations.