Bitcoin is a record keeping system, which is what money is as I explained in the video. So yes it provides as extremely valuable and critically necessary service for the economy that uses it. The individual cannot get bitcoin without providing a service or value in exchange for it. That’s the whole point. Rather than entire industries surviving on counterfeit, people have to actually exchange something and provide value to others in order to earn some bitcoin.
Discussion
Well, the dollar system has been working pretty well for several decades. Debt has always been rising in every country, money is debt. What matters is distribution not volume.
It has not been working well. It has created a bloated, corrupt financial system, it has created the largest debt imbalance in human history. It has systematically stolen from the middle and lower classes at the benefit of the political and counterfeit class. It has funded a century of literal total, never ending war.
The power of a select, privileged group to unilaterally counterfeit money that everyone else is forced to use is the most absurd, corrupting power that society could possibly create. The idea that this is good for anything is beyond ridiculous. It is a horrendous cancer upon society.
That when people lost it. Money is a value, not a system to maintain or to control, but just a value (rare and not).
People are in bitcoin just to get a part of that system (part of the bitcoin tax). Bitcoin is not use to exchange value, but to ear that part of a system. Even when govs come to tell them to wear a donkey hat they will gladly put it on, and ear that part of a system.
If i get to sum up all of this : bitcoin is not money but a system of something that can be called money.