Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!
Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.
In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.
Yeah I read that book. I didn't recognize the title at first. The author claimed that the currency of the future would be based on clean energy (CO2) certificates, if I correctly recall. So much about his forecasting ability. But I admit, that the main part of the book, i.e. history related, was amazing and enlightening a great deal!
we can't compare bitcoin with money because of the decentralization system.bitcoin is decentralized while money is centralized.we can see Money is more stable than Bitcoin.we can also seen that bitcoin use only online by Internet but money use everywhere. so there are so many cause we can't compare bitcoin with money.
Since when the definition of
money includes that a central bank or other central authority is behind it? Maybe this would be a part of a definition of fiat, but fiat is quite a new invention, you know. For all the human history people used money that either was gold or silver or was privately minted as a convenient way to normalize the gold or silver content of each coin.