You are totally wrong dude. Now I will explain you why.
>Most currencies were started because most people trusted them
You can now ask randomly 100 people if they trust Bitcoin and the most people would say that they don’t trust it, unlike the national currencies.
>Then it was gold, then it was the promise of gold, then it was a promise that the government would back you up.
You didn’t understand this. Nobody wants to remove gold and nobody shouldn’t do it. The point of this sentence is that governments first used to back up national currencies with gold. That’s not anymore the case, from 1972 they don’t have any backups. National currencies are now non-stop created without limitations, more and more. Money is now nothing else than debt. And you just explained why the national currencies are bad. They removed gold, the promise of gold and the promise of whatsoever. You need to learn more my friend.
>All of the sudden we have a currency that is not tied a government and not tied to a geographic territory.
It’ normal that China has the most miners. Anyway the still don’t control Bitcoin. I mean you can’t expect that a country like Germany with 80 million people has more miners than China with 2 billion. Just turn on the brain.
>We can operate across border much easily, we can move money across border much easily, much more easily
Easily, much more easily, do you read anything or just act as a gov troll bot. This means you can send how much bitcoins you want, when you want across the borders without getting seized. So you control your money, not your bank or gov. I will tell you later something about speed.
>So I think you have this new opportunity for a currency that is frictionless.
Saying frictionless he meant that we will cut out the banks and all the institutions in the middle of a transactions we have. They are just taking high taxes for nothing and don’t let us doing business and live free.
I will just repeat what was your opinion: “Not a good thing. Money needs to be fungible.” I don’t need to explain anything, you showed us that nothing should be transparent and free for trading and owning, so I guess you just don’t like freedom and justice.
>And it’s a great store of value.
Haha very funny, I am dying, also people who own bitcoin since the early days Bitcoin appeared.
>But it’s also going to be faster than the visa network.
Look at this <GOING TO BE FASTER>. You probably haven’t heard of Lightning Network and making new layers on top of bitcoin. This will make Bitcoin much faster. Anyway speed isn’t important like trust, that’s why the transactions go slower. I mean you can trade horseshit and have billion TPS, but what is the point of that.
>It is better faster cheaper than anything else out there.
It’s better because you are your own bank. It’s faster with Lightning Network at least 1 million TPS (Visa handles just 2000 TPS). It’s for sure cheaper, Lightning Network is helping there too and without Lightning Network you don’t need to pay the miner tax if you don’t want. I had few times 0sat miner fees. You are free too choose your fee. The bitcoins arrived in that case after 3 hours, but I didn’t care because I wasn’t in hurry. Anyway if you want it to happen immediately then you use Lightning Network.
Hope you have learned something.