Some really good thoughts here... pondering several things, as I read this.
I can never attest to the accuracy of my thoughts but, perhaps that is not the point of thinking.
In many ways, I think the longevity of fiat can be attributed to the perception (not reality, perception) that "we don't have choice." A lot of people don't trust banks, or the banking system... "... but we don't really have another option, DO we?"
There is always a choice but the risks are so immense if only a few take the leap. It is going to get interesting because the groundswell has started already, it just is imperceptible to most.
seems that no matter what sort of idealism may create a system for people to use, there are always going to be those trying to find exploits to gain for themselves outside the generally accepted channels
Perhaps this is the driver of innovation and growth as a species, a game of cat and mouse that never ends.
part of what I like about it is that it leaves people as free to cheat as they want but with the caveat that their nefarious activities will be visible to everyone.
It creates a new social fabric that will be loose at first but tighten to create a smooth weave. Given the chance.