Bitcoin

[BigV]

@slang

Not bein a jerk, I promise.

What is money? What is a dollar? What is a Bitcoin? They're tokens backed by trust.

Bitcoin is differentiated in that the trust is distributed across the network that maintains the blockchain. This is unlike money which is a token backed by a government (or some other entity). What is gold? It's a medium that can be traded for other things. Things like money/bitcoins/other cryptocurrencies/goods/services/other currencies/etc.

It's a fungible medium of transactions, and which you like more or less will be influenced by how much trust you have in the backer of the medium/token. US Dollars--trustworthy. Venezuelan Bolívares--not so much. The trust *matters*.