i think you dont understand bitcoin or money at all. that is not meant to be dismissive, i think a lot of people dont understand how money creation actually wor

i think you dont understand bitcoin or money at all. that is not meant to be dismissive, i think a lot of people dont understand how money creation actually works, just that it does. for some reason people think bitcoin is so strange that they could not use it but if they stopped to think about how fiat currencies work they would be equally confused. so the first thing you say, about the US government printing money and the existing money becoming worth less, this is known as inflation. Yes mining bitcoin is similar to printing money, however you cannot 'print' bitcoin infinitely as you can with US dollars. This is why bitcoin is known as a deflationary currency and many people think this is a negative aspect to its adoption, but if there was no artificial scarcity i.e you could make as many bitcoins as you wanted when you wanted then there would be no value to them whatsoever. >currency gets destroyed buy (sic) governments Do you mean by inflation or do you mean they are putting it all in a furnace somewhere? They destroy old used notes yes, but that doesnt take it out of circulation. if they burn $100million then they have $100million in fresh notes to go back out into circulation. That money comes from banks, those banks are holding it as deposits for customers. If the government 'destroyed' it then those people would not have any money in their bank accounts. Far from destroying money or removing it from circulation many governments have been printing money like nobodys business over the last half a decade. Google Quantitive Easing to see the offical description of it and what they hope to achieve as a result.