I don’t get it...you can’t hold it in your hand it ain’t real. Yeah, fiat dollars aren’t worth anything either, but at least there are nice printed pictures and numbers on the paper—so we at least have that...
“Yeah, fiat dollars aren’t worth anything either”
except that you can pay your taxes with it, pay all of your utility bills with it, buy medical care and medicines with it, buy a house with it, buy a car with it, buy groceries with it, and buy pretty much everything else with it for that matter ... but yeah, other than that, dollars are completely worthless ...
The fact you don’t have to hold it in your hand is why you can ‘carry’ it across borders, and why the government can’t seize it from your person.
Yeah, fiat dollars aren’t worth anything either, but at least there are nice printed pictures and numbers on the paper—so we at least have that...
Here’s the critical distinction. The bitcoin pool is limited. Only 21 million ‘serial numbers’ to be created. Once you understand the government will run deficits forever, thereby expanding the dollar pool forever, you’ll see why bitcoin will appreciate in relative terms as a store of purchasing power.
The government can print more dollars to buy whatever it wants. It can’t create more bitcoin. It can’t counterfeit bitcoin and thereby steal its purchasing power.
Think of how much wealth will be lost if bitcoin fades away. Unreal.