drop a bitcoin wallet address.
i will send you 10 bucks in bitcoin. Money where my mouth is. note. it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.
Once you have that 10 bucks. go buy a coffee with it and then tell me its not money.
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drop a bitcoin wallet address.
i will send you 10 bucks in bitcoin. Money where my mouth is. note. it tends to move around since markets havnt yet come in to large scale agreement of what bitcoin is worth.
Once you have that 10 bucks. go buy a coffee with it and then tell me its not money.
=>
If a coffee shop give me coffee because I told them via Bitcoin software that quantity is money that doesn't make my statement true. Money is not quantity, but a thing measured with quantity. I could just as well go to a coffee shop, order a coffee and pay it by writing number 1 on a peace of paper. This won't make number "1" money, but coffee owner stupid. Number is an abstraction, it holds no value and it is impossible to compare it to the value of the coffee to find out whether the "exchange" is beneficial or not. So exchanging coffee or anything for numbers is stupid. You exchange them for things, existing things - other goods, debt (fiat money), services or labor. And you use numbers only to express the quantity of these existent things.
Your argument is so funny ...
So it is more valid if a government prints a number on a piece of paper and tells you what the value of that piece of paper is, because they determine that by printing more or less of that toilet paper money?
What happens if a software developer creates a software program or a application for your mobile phone? (Example : Apple Pay / debit/credit cards / Internet Banking / NFC payments / IMPS, NEFT, RTGS, IMPS) .....all of these use digital "numbers" reflected of a centralized database to transfer value.)
You are such a Fiat sheep....

....The world of payment systems and currencies are changing and people like you are clinging to the past.

You are holding onto a "Titanic" that are sinking... and you are still singing and dancing and ignoring the tragedy that are happening with government controlled currencies.

The government prints numbers on a peace of paper to measure debt. So I am not exchanging things for numbers but for debt ownership. I explained in the OP how this debt gets paid by the borrowers. In the past there was ownership of gold measured with numbers. Today it is the ownership of debt. Gold and debt exist. Debt is protected via collateral. That's why you need to whole banking system - the middleman, who will ensure the debt that you own gets paid. Bitcoin on the other hand doesn't exist and all you have is numbers. Numbers that express the ownership of nothing. That's why you don't need a middleman. You just transfer numbers and pretend they quantity imaginary thing that you call "bitcoin".