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If 'backed by goods' == 'can be tracked to something that this money unit has been exchanged for' - OK, I understand that. Now, why is this definition not appli

If 'backed by goods' == 'can be tracked to something that this money unit has been exchanged for' - OK, I understand that. Now, why is this definition not applicable to bitcoin? BTC also can be exchanged for goods and can be traced back to some good or service (with great precision thanks to the public block chain). By the way, normally it is not government, but banks (private corporations) who 'push FUTURE money' into the system in a form of credit. Same can happen in BTC economy. I still fail to see how BTC is fundamentally different from any other currency.

rokhayakebe 13y ago
Shitgoose, You create something. I create something. We create money to exchange these things. You don't create money. Give it a value. Trade it. Raise its value. Then after 3 years, ask people to BUY that and use it to trade other things. Bitcoin is nothing like money. Bitcoin is a card trading game and the card have a value now. Saying a bitcoin is like money or currency is like saying a car is like money/currency.