Jesus f***** Christ.

Here it seems everyone is doing his own definitions. I have MA in macroeconomics btw. No, money is NOT commodity. Money is what people accept as money, period.

What you are talking about is monetary base and you have some false assumptions about it as well. If everything what you write was true, fiat money would never existed, yet they exist based on thin air.

So far BTC monetary base = BTC protocurrency [that is not yet currency]. In future, as Bitcoin will be more and more accepted it will look and behave more like fiat money, with some exceptions:

1. Monetary base would not be falsified, because it is impossible

2. The money that will be indeed created by debt again, will not be affected by central banks, but they will be issued by private Bitcoin banks and supply and demand of those "debt" money will determine the price of BTC. Of course there will be much more BTC than the 21 M in future, because it will be those debt money.

Guys, even when you hate recent currency system, you should really read something about it, before you comment about it.