Comment Re:Yes please (Score 0) 100
Bitcoin's value is in the kostenlos nature of the services and transaction network; it has far lower transaction cost, carry cost, etc... than does the USD.
As for the USD, it is backed by debt, death, and utility. You can say it's value is from taxation, but that isn't accurate. The dollar has value to those who pay no taxes.
Banks offer no true safety. By engaging in fractional reserve lending, they rob from everyone with every loan they make. The value of every dollar is eroded by each loan. This is similar to the government spending money that it doesn't make in tax revenue. More dollars chasing the same number of goods/services will result in monetary inflation and eventually in price inflation. Right now, we are seeing this trend in various investment and asset class products/services, but it's making its way into everything slowly but surely. Those banks damn near collapsed in 2008 as the market dictated that they ought, but the government stopped that from happening because their cronies cannot be allowed to fail.
Getting rid of money is the wrong idea. Do you really think having no money would be better? People what, barter? Club each other to death and take each other's shit? Or are you a zeitgeister/venusprojecter/digitalcommie? Human wants and needs are infinite and resources are finite. This means that there will forever be inequity. As that is the case, we must have a way to figure out what things are worth relative to something else, and distribute goods efficiently. The market has been proven to be the best at this task. Every command economy has introduced deprivation, and market economies have produced bounty. Since the introduction of fiat currency, price floors, and 3 letter agencies dictating to industry, the US economy has had its worst boom/bust cycles ever... furthering that with more government control isn't going to magically make things better.