I genuinely think about this question twice a week.
Satoshi Nakamoto (Who ever he really is) simply made Bitcoin to give a chance to geniuses like him to be rich
remember that Satoshi was a math genius, he solved equations thought to be impossible it the time being.
he made it so only smart people who live in the west can be millionaires in the future and he did it I mean look at the richest people who made there fortune form Bitcoin and other Crypto currencies, all of them have 130 IQ at the least and all of them sold most of it.
Bitcoin isn't real, the money that those people got is.
change my mind!
Bitcoin is not backed by any fiat currency, you only think like that because dollar's been used as the baseline for how valuable a bitcoin is already, but for all intents and purposes bitcoin is not backed by the dollar, nor is it supported by any other currency on the market, outside and inside. And let me just correct you on one thing, if I'm not mistaken there is no where in the bitcoin whitepaper where it's specifically mentioned that he created bitcoin to make smart people rich, matter of fact, a lot of stupid clowns on the internet became rich off of bitcoin and those that are "smart" didn't get their hands on bitcoin at all, so idk bout that my guy.
Bitcoin is as real as it can be, the money is just an after effect, bitcoin is money and is originally intended to only be used as a currency and nothing else, probably because Satoshi's getting fucked by remittance fees and all that shit, to which he created a cryptocurrency that spans the planet and that does not fuck you over with fees and wait times.
Bitcoin is money first, it only became a store of value accidentally.
you really think that he will include such a detail in his whitepaper?!
buddy explain to me how something has value without being backed up by value it self?
every form of money in the ancinte time backed by gold or silver, hell when the Phoenicians invented the money they did it so they don't have to transport there gold via see and risk losing it.
the only form of money wasn't backed by gold was zahang money (warlord in china)
Bitcoin has a value because people pay money for it and that's that.
because when Bitcoin start it had a value less than 0.0001 dollar and it start to go up the more people want it.