re: Why bitcoin is worse than a Madoff-style Ponzi scheme

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Does the crypto community envision a day where Bitcoin replaces the dollar?

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some bitcoin "maximalists" do, that community generally believes that the US dollar is ultimately doomed and will be replaced as the world reserve currency - thereby lifting bitcoin to either an equivalent reserve asset recognized by world governments worldwide or simply a parallel economy with those holding the coin having close to every ability to operate without needing the traditional US Dollar rails

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To the above question, is it possible for both currencies to legally coexist for generations? Or is it only one or the other?

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think I hit that one with the above

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Can Bitcoin be hacked?

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technically anything can, however, the decentralization of bitcoin makes it one of the most secure assets ever developed by humankind as we know it. the ledger is public, distributed, and encrypted - which means there is no one central point, program, line of code or otherwise that could be exploited a la what we know as "hacking"

it is hard to understand, but by having thousands of computers all over the world running the network which confirms transactions on a public and distributed blockchain basically makes bitcoin immutable - and that is my basic version as a non-programmer/tech expert