I believe that the is one more difference that is important. Bitcoin has a structural limit on the number of bitcoins that can be produced (mined). There is no inherent limit on the number of dollars that can be produced by the Federal Reserve.
Yep. Remember tho, “bad money (fiat) drives out good money.” Which is a way of saying people will spend money they feel is going to go down in value over money which they feel will retain value.
How does one "mine" for bitcoin? I keep having this image of a bearded 19th century prospector wading in a stream with a rock hammer, a screened pan and a sluice box.