Quote Originally Posted by =sw=warlord View Post
The thing is, you don't have to trade crypto currency with typical currency to give it value, the USDs value is based on what people believe its value is which is the same as these crypto currencies.
You could if a seller was willing, make purchases with crypto currency bypassing the entire typical currency system all together.
If it were up to me, I would trade bitcoins for Copper bullion rather than normal currency because Copper is being consumed at a fast rate due to its various uses and its price is rising at a strong consistent pace.
Except you do because there are few sellers accepting Bitcoin directly. Sure, the USD or GBP or Euro or whatever are just as arbitrary these days, but they are established. Bitcoin is not. Bitcoin is new. And because Bitcoin is not centralised to a government, said governments have incentive to outlaw its use in transactions until they figure out how to tax it and the banks behind those governments get the lion's share and give the okay for the rest of us plebs to use it. Even then they might just let it stay outlawed because it offers no benefit to them and having your wealth reside in a realm that can only be currently described as a war-zone is not exactly wise.