> Actually Bitcoin was built to address the print on demand fiat currency driven by debt and unaccountable fractional reserve driven economy we have today. Givi

> Actually Bitcoin was built to address the print on demand fiat currency driven by debt and unaccountable fractional reserve driven economy we have today. Giving people the ability to actually own their money for real and not just IOUs. Bitcoin only has value because it can be turned into those fiat currencies, and is thus only valuable as an extension of them. So either Bitcoin is worthless, or it's essentially a super-encumbered fiat currency. Unlike basically everything else, it's neither a service nor a commodity. So sure, insofar as you can own ones and zeros you can own Bitcoin. But it doesn't matter _at all_ if you can't turn it into Dollars. > As opposed to the planet-destroying energy consumption of the fiat institution today? Or the tobacco industry? Or the military? Or any number of stupid usages of energy (which dwarfs the Bitcoin usage) we have today? This is all whataboutism. > It may be inefficient but it's self regulating and it cannot increase endlessly. By "self regulating" do you mean "requires more and more energy use to add new blocks"? That's not very comforting. Plus "it cannot increase endlessly" isn't an argument that inspires faith. "Sure the flu might claim a lot of lives. But it can't claim _all_ of them." See? > Please see Monero or the shielded transactions of ZCash for how real anonymous payments look. Please see Visa gift cards for how everyone on earth pays anonymously for things online. We didn't need any of that stuff. As a cool bonus, it's extremely unlikely that the $100 you spend on the card won't turn into $50 because a foreign government shut down a Bitcoin exchange. > it's amazingly stable compared to the inflation of 4000% in Venezuela. It will also become more stable as it becomes adopted more. I think it would be a bad idea to denominate your wealth in the currency of an unstable government. I also think it would be a bad idea to denominate your wealth in a currency with no regulation and no backing whatsoever. The only good idea here is to denominate your wealth in a currency backed and regulated by a stable, liberal government.