Not quite. You don't have to borrow a dollar for any old thing. Yes you need to eat and the shop sells food in dollars, but we need to extrapolate more. The sho

Not quite. You don't have to borrow a dollar for any old thing. Yes you need to eat and the shop sells food in dollars, but we need to extrapolate more. The shop wants dollars because they too have to pay their taxes. You could find a shop that takes bitcoin. You buy all your food there. Life is good, you are sat with your girlfriend eating croissants from this store. There's someone at the door. It's the government. Taxes time. Your point about the state having a monopoly on violence is critical. They want their taxes, they will send you a letter. Then another letter. Eventually they send a guy with a gun. I don't necessarily have a problem with the state having that monopoly. I'm not some raving libertarian. But the failure of bitcoin advocates to understand this distinction is wearing.