> With fiat currency, that mechanism is that I can easily and quickly exchange it for practically any service offered by pretty much anybody in the whole world,

> With fiat currency, that mechanism is that I can easily and quickly exchange it for practically any service offered by pretty much anybody in the whole world, and that is backed by governments and large stable infrastructure. That is precisely what makes Bitcoin so attractive. Governments and central banks are losing trust by increasing the monetary base significantly over the last years. The real bubble is in commercial bank and central bank money, combined with zero interest rates (artificial price manipulation of savings). Bitcoin can quickly and easily be exchanged for practically any service in the world. Within the next months, we will see a change of unit of account to Bits (1 million bits = 1 Bitcoin). This will make using Bitcoin in every day transactions much easier. The large stable infrastructure is built as we speak. Compare it to how the Internet was slow and clumsy in 1995: nobody could imagine streaming movies at that time. Now it's reality. > As an asset, bitcoin has no tie to anything of tangible value. That's precisely what makes Bitcoin so attractive as money and Google shares so unattractive as money. If somebody would pay for your services in Google shares, you would first have to do an in-depth research of the underlying value of the share before accepting it as payment.