At one time, the printed paper currency of the Confederate States of America was considered legal tender in *some* states. GOLD and SILVER United States of America coinage was considered legal tender all across the continent, and in Europe as well...Bitcoin is a lot like Confederate paper money...it has zero value to back it up because its creator is indefinable, irresponsible, and well, a NON-entity cloaked in anonymity...the idea that "computer processing power" is worth anything is patently ridiculous....Bitcoin is nothing more than bytes of information....it has no tangible value whatsoever.
Bitcoin has ZERO intrinsic value, meaning it is intrinsically WORTHLESS, which is the exact opposite of say a Krugerand, which is made from solid, real GOLD, which has tremendous intrinsic value. Hell, even a pre-1982 Lincoln penny from the USA is worth more in copper (intrinsic value) than its face value. Bitcoin is a wonderful theoretical concept EXCEPT that it has absolutely ZERO grounding in the way money and mediums of exchange have been valued over the centuries. The fact that it is "independent" and lacks the backing of a centralized entity is what is deluded followers praise--and that is *******exactly the problem****** with it; without intrinsic value (gold,silver,copper) and also without the backing and reputation of a large government entity (US Treasury and the United States of America, or Great Britain), then any fiat currency is, basically, worthless...that is the way money works. If you'd like to sell me your Canon and Nikon lenses for some Derrel Dollars, I will gladly oblige, and will buy all you've got to sell me at TWICE the US Dollar going
B&H Photo prices, but of course, all payed in Derrel Dollars (which I will create tonight on my EPSON printer.)
Over 80 percent of United States $100 bills LEAVE the United States, and are held as a form of VALUED and VALUABLE currency/investment/medium of exchange. In Bangkok, THailand, a US $100 is worth $100. In Mexico City it is worth $100. In Berlin, it's worth $100. US paper money is no longer redeemable for gold or silver, as it once was, but is instead a fiat currency, backed only by the reputation and resources of the issuing treasury. The idea that a bunch of computer geeks can turn on computers and create "money" is just an illusion that does not have any basis in reality. That just ain't the way "money" functions. My assertion is that the OP was just a Bitcoin promoter, here under false pretenses.