You are seriously comparing the Fed to Zimbabwe while harping how Bitcoin is so far superior to the US dollar? The only little problem with your theory is that reality has bitcoin fluctuating in value over 30% a day whereas the US dollar is still (despite 60 years of doom and gloom prophecies) the world's go to reserve currency. If I had a good I wanted to sell in Bitcoin I have NO FUCKING CLUE how to price my good, since I don't know how much bitcoin will be worth tomorrow. Call me when you can buy a car or a house in Bitcoin.
It's ok to live in a theoretical world if your models fit reality somewhat snugly to reality. However when your theoretical world has no connection to reality it's called FANTASY.
Bitcoin is backed by mathematics.
So is Euler's equation, but it's not particularly useful to anyone to put food on the table.
All money is made-up bullshit.
Yes, but the US dollar is backed with the US banking system, the US government, and the US military. Bitcoin is backed by the fact that the exchange you use maybe doesn't want to rip you off today.
There must be more to life than having everything. -- Maurice Sendak