All money come in existence by issuing a credit. Notes are debt obligation with no interest issued by the central bank. Other forms of money are coming into exi

All money come in existence by issuing a credit. Notes are debt obligation with no interest issued by the central bank. Other forms of money are coming into existence by commercial banks when issuing credit. Refer to autonomous money creation. Bitcoin is no money unless banks (central or commercial) can create it at will. Money creation is an essential prerequisite for capitalism. With no money creation through credit there is no capitalism any more. Bitcoin does not solve any problem, but it creates new ones. Your currency is not supported by "men with guns". Your currency is supported because you have to pay you taxes in that currency. The state want to have currency, not Bitcoins. You Bitcoins are only of value as far as the can be converted to fiat currency at the time your taxes are due. You are completely depended on someone else to give you something of value (currency) against something without value (Bitcoin).