Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Very simple, because our government decided to do this. We are not on our own and we are subject to our authority(i have never wanted to be on our own). We have to follow the rules that they create, if not, humanity cannot live much. And the method of payment was accepted paper money. If you transfer this to people, everyone creates a distinctive type of money.
You are very right. There has to be one thing generally accepted as money. Issued by an authority which we are all subject to its laws and regulations. Otherwise, we shall have many individuals or almost everyone creating his own money.