I just wonder how bitcoin really works on local exchange around the world because if you will going to need a real money and you have bitcoin definitely you can sell your bitcoin and exchange it with real money in your local to be used. Well if all people around the world would exchange their bitcoin holdings is it possible because bitcoin is being back up by real money?
"Real money" lol. What is real money ?
I mean you think the money in your bank account seems more real than the bitcoin you have ?
You can cash out your money in your bank account into cash and you can cash out your bitcoins into cash from a bitcoin ATM as well. How real is the money in your bank account ? Whats different than bitcoin ?
You can have a debit card and go spend that bank money anywhere? Well you can join somewhere like xapo or coinsbank and get a debit card and spend your debit card anywhere you want as well. Bitcoin IS REAL MONEY.