You should read the Bitcoin Standard or Layered Money to get a sense of what money is and how your notions are quite far from the truth, although delivered with feverish confidence.
BTC is infinitely divisible, and so can be used as currency. Can you give an example where its capped supply would cause an issue?
Bitcoin is backed by proof of work. Money backed by entities are liabilities, which is a bug and not a feature of fiat money. I really suggest thinking about this for a lot longer.
BTC is infinitely divisible, and so can be used as currency. Can you give an example where its capped supply would cause an issue?
Bitcoin is backed by proof of work. Money backed by entities are liabilities, which is a bug and not a feature of fiat money. I really suggest thinking about this for a lot longer.