What is he in to? Based on this response alone id ask him if he knows how money works now, does he know how dollars are only created through debt? If dollars are created through debt, there is always an interest rate, meaning the system has huge deflationary pressures that have to be held back with increasongly more debt/inflation. You end up with a system very dependent on new lending all the time, and when there is a shock to the market, even low interest rates cant keep it up, so bailouts, quantative easing, etc. The monetary system becomes a bloated monster that is intentionally opaque to obscure how the average person gets fucked, look at the time-price of goods, look at wages compared to inflation pre and post 1971, wtfhappenedin1971.com is useful for some of these charts. Bitcoin is simple, there are miners are competing internationally for cheap energy that is globally distributed, they want a share of the truly scarce amount of bitcoin; there are users who enjoy the highest level of monetary assurances of any monetary system, who have the most secure property rights in the world, they can use it for trade with no trusted intermediary anywhere in the world.