Actually - I haven’t used cash at all in the past year and all my transactions have been through a credit card (either with a swipe or via internet transaction). That makes fed “currency” just as much “vapor”.
Now it’s true that Bitcoin doesn’t have the backing of a government behind it - but that’s a nature of currency used for trade and that ADDS value to the “coin” of the realm.
Without a government backing it and especially with governments attacking it - Bitcoin could go poof tomorrow whereas you’ll always have some value in the US Dollar… maybe… try trading for some Bolivars in Venezuela now.
FIRST!
I’m not attempting to troll or prove how dumb I am.
I ENJOY THIS TOPIC and like to hear other views, like RJ’s succinct definition above.
—”That makes fed “currency” just as much “vapor”
I see that has a false dichotomy.
The problem is that the correct response would be long and complicated. Also WAY beyond my ken.
Yes, everyone jokes about the “full faith and credit” phrase, but there is something to it.
The history of a mostly stable dollar.
Past performance is not indicative of future results!
But it can be a helpful indicator.