I understand why you think that.
I get paid in paper. The only thing that makes the paper in my wallet worth more than the paper in my trash can is that you and I agree that it is “worth” something.
I understand how these concepts are scary. I understand why some people will never accept the. That’s cool.
But consider this: When you are in the line at the grocery store, does everyone roll their eyes when someone pulls out a checkbook? Why? Because 90% of the transactions at retail stores is almost all digital money.
Its kind of funny—its like the old punch line, “We agree on the use of digital money; now we must negotiate what it will ‘look’ like.
My digital checkbook is Chase one of the big 12 and my Chase checkbook isinsured up to $250,000 if Chase crashes.
Who is backing your Bitcoin checkbook should it crash?