[folksinger]

Trust? This word depends on context. Do you trust your spouse? Do your trust your waiter? Do you trust the news? Do you trust that the sun will come up?

I will grant that both Bitcoin and dollars depend on trust. But both are grounded as well. Bitcoin to physical computing devices and dollars to real estate.

That is, Bitcoin is as real as all of the SHA-256 calculations per second across the network and dollars are as real as the mortgages per square mile across the nation.

[hidenotslide]

What does real estate have to do with the dollar? 1 dollar does not entitle you to any US land. Inflation is not driven by land or land development.

The value of the dollar is stable because people trust it to be stable and because there is a financial system that lets people use it for things they want to do. It fluctuates based on (money) supply and demand.

With Bitcoin you are trusting (or speculating) that someone will want to buy it from you in the future. You don't need to trust that no one will suddenly print more though.