> All "money" is propped up by belief (in its value for exchange).
Nope, it's propped up by a government who is forcing it on you, whether you believe in its value or not. It's not like you have a choice not to use the <national currency where you live> in most countries. You can't ask your employer to pay you in anything else but the government-approved currency either.
Many employers pay people in Bitcoin on request, tech companies like Square and LN Strike are making this easier to do. I can think of at least a dozen NBA and NFL athletes using these services to get paid in Bitcoin.
> I can think of at least a dozen NBA and NFL athletes using these services to get paid in Bitcoin.
A dozen! That is surely a threat to the US economy at large. You can rest assured that if this were to become commonplace for let's say, something in the range of a million workers, the government would outlaw it in no time.
>You can't ask your employer to pay you in anything else but the government-approved currency either.
>A dozen!
Don't move the goalposts when easily proven wrong. It's bad form...
They can't outlaw it without tremendous backlash at this point. Adoption is happening at the local/state level and starting to accelerate at the institutional level. Banks and public companies control legislators and many now have long Bitcoin positions...
Sure they will unless Bitcoin is accepted as legal tender but even then, remember Gresham's law. People would rather hold on to 'good money' (Bitcoin) and get rid of 'bad money' (USD) if given a choice. So the majority will happily pay taxes in USD.
Nope, it's propped up by a government who is forcing it on you, whether you believe in its value or not. It's not like you have a choice not to use the <national currency where you live> in most countries. You can't ask your employer to pay you in anything else but the government-approved currency either.