Which Money Is Crazier: The U.S. Dollar or Bitcoin?
We compare the U.S. dollar with Bitcoin on their key attributes to determine which is better for transactions and preserving wealth, which is most absurd and which has serious flaws.
Topics covered include:
How are new U.S. Dollars and Bitcoin created
How much has the supply of each currency grown
How both the dollar and Bitcoin have had rule changes
Why Bitcoin transactions are faster than non-cash U.S. dollar transactions
Why both the dollar and Bitcoin require add-on layers to facilitate transactions
How tax treatment of a currency can encourage or discourage its use for payments
Why divisibility is a critical attribute of any currency
Why Bitcoin has been as volatile as the Russian ruble
Why Bitcoin is energy inefficient while having built-in incentives to use renewable energy
What will determine the long-term viability of Bitcoin and the U.S. dollar
