We can buy anything with it because it has some huge value right now and more and more people are accepting it every day from the big companies to the small stores that have some big trust in the success of bitcoins. I used to but in-game items on the MMORPG I used to play with it before the NFT era. you just need to open your mind and ponder what's going on here because by using paper money, we cannot free ourselves from the bank's manipulations and we will remain slaves to their huge taxes and transparency of our transaction history.

fiat is not based on pure trust.
its based on laws. such as:
people are paid a minimum wage of X fiat.
people have to pay tax at a % of fiat
the country utilises only certain format of fiat

thats what gives fiat value. the laws

That would be still $10 in the end of the year because value isnt something that you can just mandate and if done personal then it would just only be good on that scope and i dont see about picturing out Bitcoin

on acting to be the same because value isnt something that do came from an individual but been made out by the community. It isnt just been used on online transactions but you can really buy something from it.

Adoption is on the move and we've seen big progress until this very moment which i dont really see for this comparison or trying to make some example about bitcoin and a rock named Akorn. 

This is both right and wrong. Paper bills in the past are made as a placeholder for when you don't have the gold coins to purchase goods, with paper bills practically meaning that "I owed you this much gold coins with this purchase, you have to trust me that sooner or later I will pay you with its counterpart in gold". Until some time later we find out that we can endow these bills with value themselves and not just use them as placeholders, hence why we call these "banknotes". Now going back, it is quite true that the ones who protect a fiat currency's value is its own government, but what endows it with value is the economy it is backed upon.
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pre bank notes there were no money laws.
there was no minimum wage. there was no income tax

the first american income tax came in in 1861 and it was valued in DOLLARS not gold dust
yep bank notes have been around for quite a while.

before that. in the gold era. it was more like service charges not income %

at first it was its legal tender and tax payment laws enforcing fiat be circulated and taxed upon that keeps fiat relevant and important to all commerce


then. the value became based on the sweat labour value of minimum wage as the stabalising factor once dropping the gold standard. which translates to how many [loaves of bread] an hours labour is worth and the value balance there of. of everything compared to fair value of what an hours minimum labour deserves.



to put it short
if retailers in america would usually accept say.. euros.
and be allowed to freely pay employees in euros and their pensions plans in euros and the taxes in euros.. america would not have a powerful dollar.
its due to the laws keeping the dollar relevant for all transactions that keep its value

No, it's not. Bitcoin is not just some random stuff from the internet. It has peculiar features which make it coveted.


Yes, you can hardly buy anything with it. You know why? Primarily because people would rather keep it than spend it. However, despite Bitcoin not an acceptable currency in most parts of the world, you can actually buy a cup of coffee with it, and a slice of pizza, a burger, a house, and a Lambo.

As to its value, just like anything which has value, even a rock, there must be certain features which give it value. The varying values attached to different kinds of rocks are based on how common they are, their physical qualities, chemical composition, difficulty obtaining, and so on. There is a reason why gold is much more expensive than your garden rock.


Why not start with this experiment? Let's see how this will turn out.

Well, it’s not just about picking up a rock. In the olden days there were times that rocks were used and stored by people as an asset. But the difference between that and what you have said here is that they didn’t just make use of any rock, instead they used precious rocks or stones or you can as well call them gemstones, however you want to say it.

And these precious stones were not the every day type of rock you see, they are usually scarce. Diamond is one of those precious stones that they used. Others were emeralds, sapphires, and rubies. Next are precious metals like gold. The way bitcoin is built, it is similar to these precious stones and metals. I think you should take time and study bitcoin to understand it.

I think people shape their opinions by what they see, hear or read in their environment or online - so I believe the OP can really state that it can't buy almost anything for BTC, because it may be from a country where there really isn't anyone selling something for crypto. On the other hand, it still takes a bit of intelligence to find something online - because some still don't know how to use search engines.

Not only are there people who have proven that one can only live with crypto for a while, but some also live like that for years, and perhaps the best example is “The Bitcoin Family”.

It is absolutely not worth commenting on the theory of stone compared to Bitcoin, because if someone wants to understand why Bitcoin has value, he should learn some basics - this knowledge is completely free.

Not really, you can't use rocks for transaction, while in fact, bitcoin can be used as a method of payment, to transact. Have you tried it yet? Other than that, bitcoin is not that useless. Bitcoin has such a great technology called blockchain, and it has so many advantages. If not, people won't be dumb enough to buy it, and keep pumping it until it reaches $45k now. The fact that bitcoin is intangible might be the reason why people think it's worthless, since it doesn't have a shape, so why do people want to own it? they don't even have the real thing. However, it is what a digital currency is.

Uhh, OP learned how barter and fiat money works? That's cute, at least people now knows about the basics of how we put value on something base on trust. My point is that OP, you are saying that bitcoin was valued on how we deem it's value is but you forgot the fact that that's how almost anything precious has been traded a long time ago.