03-30-2016, 09:38 PM
Ideally, it has a few plus sides:
-the supply expands at predetermined rates, with a predetermined upper ceiling.*
-international transactions can be made quickly, and with only a small fee*
- it can't be counterfeited, or seized, and transactions can't be reversed*
It is a tool with assigned value. Fiat is to government as bitcoin is to the public. Both are abstractions.