[ric2b]

> perhaps the bank could issue paper receipts that are backed by said bitcoin, and those pieces of paper could circulate instead of using the blockchain.

Feel free to use them, I won't. There's no point when Bitcoin is so simple to move.

> What I don't understand is if fiat currencies are so bad, why do people express the value of bitcoin in a fiat currency (like USD)?

Because it's one of the most practical things to measure against, because almost everything is also measured against it?

I don't get this argument, if I say a car is worth $20k that means the car is actually worthless because I'm measuring it's value in USD?

Or someone in the US saying that meters are actually a stupid and useless unit because before everyone gets used to using it you have to constantly convert it to imperial.