You're discounting the costs of maintaining system which allows fiat to keep it's value: 20% of the value of human productivity is spent maintaining the financi

You're discounting the costs of maintaining system which allows fiat to keep it's value: 20% of the value of human productivity is spent maintaining the financial system. Saying that you can transact fiat cheaply is a silly comparison: bitcoin can be transacted for free as well. It is flawed to compare the fractional expense of maintaining the entire system for Bitcoin against any value but the fractional cost of maintaining the entire financial sector: comparing against the cost to consumer without accounting for the system maintenance costs is fallacious.