Well, in my country my taxes are deducted from my salary before I receive it, so the psychology of that is a bit different. But I think we agree, what I'm sayin

Well, in my country my taxes are deducted from my salary before I receive it, so the psychology of that is a bit different. But I think we agree, what I'm saying is fiat money is valuable because of the stability of the institutions that order our society/ies, and because there is an unspoken agreement that most of us want things to stay roughly as they are and believe that they will. If too many cracks appear there, people start acting very different. As for Bitcoin, the original Bitcoin paper talks about replacing trust with code, and I just don't buy it. Sure, you can trust that Bitcoin aren't spent more than once and all that, the maths take care of that. But it fails to consider all the institutions that integrate the Bitcoin world with the rest of social/economical reality, and all that arises there like price volatility, transactions taking forever, exchanges getting hacked, and that Bitcoin-as-a-casino, excuse me, object of speculation, has a far bigger impact on its day-to-day than for e.g. the Euro. The paper doesn't consider that reality at all, but those things mean that 1000EUR worth of Bitcoin is a lot less useful than a stack of fifties.