Post
Topic
Board Beginners & Help
Re: How do you guys explain Bitcoins to a Non-Bitcoin User?
by
Kazimir
on 22/04/2013, 12:32:54 UTC
Paper money is a bit like virtual money, as its virtually worthless, except for the trust that you can trade it in at your central bank for gold.
I surely hope nobody actually trusts that, as by no means can everyone's dollars ever be traded for gold.

Oh, and what makes gold worth anything in the first place? Right: the same kind of properties that Bitcoin also has by nature (and fiat money doesn't).