[theandrewbailey]

> A dollar is not backed by the government, gold, army, or anything else. It is simply backed by public trust.

Trust in what, exactly? That people will accept it? What if they don't? Like someone that has a stick up their ass such that they want money from you, but won't accept your dollars? Ever read the part of bills that says "This note is legal tender for all debts, public and private."? That's because money is ultimately backed by government force. You can take your debtor to court and they will force him to accept your dollars. Bitcoin doesn't have that luxury.