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by yucky 1509 days ago
>Bitcoin is a digital currency

Nope.

It's more accurate to understand it as a store of value, like gold or art or baseball cards. All of which only have value because other people will give you fiat currency in exchange for some.

If it makes you feel better, Bitcoin was likely created by the US Government (unless you believe in Satoshi/Santa). There is around $70 billion in bitcoin sitting unused in the original wallet somewhere, something only the US Government could resist burning through. Once you realize the origin myth and its effectiveness as a tool for destabilizing other currencies and extracting wealth out of unfriendly countries by bypassing their currency controls, you realize the US Government backs it, so why shouldn't you?