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Originally Posted by bossbunny
But isn't all money theoretical money? It has value because we say it does. In Africa they don't value their money, instead they value cell phone minutes so they trade with those instead of money. Value in subjective.
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You're missing the point. If I asked you for a dollar you could hand me a dollar bill, 4 quarters, 10 dimes, 20 nickels, 100 pennies, or any combination of the above. If I asked you for a dollar equivalent of Bitcoin what would you give me? There's zero that you can physically give me. Additionally, if people requested the US government to pay their debts and they ran out of money, highly unlikely I know but theoretically possible, they could trade gold, property, buildings, or other assets to satisfy their debt. Crypto, if you lose your password or your hard drive crashes you're out all of your money. There's nothing to back it up or counter it. There's nothing that can physically be there to pay off a debt. Crypto is virtual money with ZERO root other than "look at me, my computer says I have money".