OK then.
Of course the U.S is an actual place.
Where exactly is BitCoindia?
And what is the dollar backed by?
We are $20 trillion in debt. Our Fed manipulates the money flow and artificially keeps interest rates low, and lending low.
How anyone can have financial faith in that organization ie beyond me.
Bitcoin is based on two parties agreeing on a value. That agreement is written in a public ledger and the goods/services are exchanged. It is safe. It is transparent. It cannot be counterfeited.
Now tell me how the Federal Reserve system is better than that. What exactly is this full faith you have in your dollar. Does the Federal reserve back their digital dollars with anything physical? The last time the US exchanged a dollar for any physical was in 1971.
YOU have been dealing with a currency that is not backed by an asset. YOU have been dealing with a currency that can be counterfeited. YOU have been dealing with a currency that has been inflated to the point where its purchasing power is 99% less than it was 100 years ago. YOU have been dealing in a system where almost 95% of transactions are based on electronic transfers that are MORE susceptible to outages and network issues as crypto currencies.
I am not sure why anyone would put faith in THAT system, when there is another system that is better, cheaper, deflationary, and no controlled by a Central Bank who does not have YOUR interests forefront in their minds.
Can you explain that to me?