[H8crilA]

Eh, try to explain to people that money (as in USD) is the same thing as Bitcoin, except in centralised databases (plus a very small portion in portable pieces of paper/metal). There's a database in the FED that tracks who has how many dollars (it's coarse grained, banks subdivide it into accounts themselves). And new dollars are minted all the time when someone is issued credit, ending their life when the credit is paid back.

This is not to defend Bitcoin, but it is mind boggling how few people ask themselves "where does money come from, exactly?".

[9HZZRfNlpR]

I think this is the reason all sort of conspiracies regarding who controls the money become so popular. People just use money, no time or reason to think of those things or even why the world moved to fractual first place.

[AstralStorm]

Fiat money is not the same thing:

- anyone can issue Bitcoin - if anyone accepts Bitcoin they accept it regardless of origin

With fiat money, there are additional rules to limit money laundering and theft. (e.g. paper trail audit rules and special markings on banknotes - money matching these laws is not to be accepted)

Plus you cannot just issue say Zimbabwe dollars anywhere, that's considered a forgery. Likewise you can only issue Bitcoin if you do manage to notify the decentralised ledger that you have mined it. (Which is why verification is slow.)