I fully agree with that statement about the paper money...the only thing going when paper money became the fad is that it is backed by the government but without it then it is just a piece of paper. China has been saying that thing all along that Bitcoin is not backed by any government therefore it is risky for anyone to get involved with. But the next question is: Will backing from the government is as worth as gold?
We are now entering into a new age of money and Bitcoin has become the focus of attention because it now embodies the very thing when we talk about going digital, among other things that Bitcoin stands for. In the coming years, people will get used to cryptocurrency as we expect it to enter the mainstream soon.
