The difference between magic internet money and USD is the word internet.
All money is based on faith. At least Bitcoin has a cap. Dealing with inflation, even moderate amounts is annoying and risky. I'm sure you'd rather have Bitcoin if you lived in Germany, Zimbabwe, or Venezuela (to make a few hyperinflation events).
I'm anti shitcoins, but at least Bitcoin has trust and scarcity.
All money is based on faith. At least Bitcoin has a cap. Dealing with inflation, even moderate amounts is annoying and risky. I'm sure you'd rather have Bitcoin if you lived in Germany, Zimbabwe, or Venezuela (to make a few hyperinflation events).
I'm anti shitcoins, but at least Bitcoin has trust and scarcity.