The enforcement of crypto-currency comes from the backing of pure mathematics and tons of miners. The miners are the enforcement. The only thing that is missing for crypto is acceptance for using it as a medium of exchange. That is using it for payment. Bitcoin was adopted more because it is a store of value and NFTs are being adopted for similar reasons, though they are speculative.
The main reason I like crypto though is that it gets the power out of the hands of government concerning currencies. I dislike the government being the sole issuer of money as they can inflate their currency with no reprochassions except on the tax payer and those who use their currency. De-centralizing things is real healthy. The government is a necessary evil that grows bigger and bigger over time. It is due to become so evil that people can’t take it anymore very soon.
the more adoption the more stable it will become, there are also other crypto's called "stablecoins" which are 1:1 to the US dollar or other government fiat currencies, theoretically a standard value token can be implemented that is a stable coin but derives its value based off of bitcoin, or people could just use bitcoin for transactions, however i dont think people want to deal with that many decimals to buy a sandwhich (yes, you dont need to buy one bitcoin to own bitcoin, you can buy .000003 bitcoin)
Trust and enforcement. Who will enforce the weight of the value once payable? The dollar has the most powerful country to back it up.
The enforcement of crypto-currency comes from the backing of pure mathematics and tons of miners. The miners are the enforcement. The only thing that is missing for crypto is acceptance for using it as a medium of exchange. That is using it for payment. Bitcoin was adopted more because it is a store of value and NFTs are being adopted for similar reasons, though they are speculative.
The main reason I like crypto though is that it gets the power out of the hands of government concerning currencies. I dislike the government being the sole issuer of money as they can inflate their currency with no reprochassions except on the tax payer and those who use their currency. De-centralizing things is real healthy. The government is a necessary evil that grows bigger and bigger over time. It is due to become so evil that people can’t take it anymore very soon.
the more adoption the more stable it will become, there are also other crypto's called "stablecoins" which are 1:1 to the US dollar or other government fiat currencies, theoretically a standard value token can be implemented that is a stable coin but derives its value based off of bitcoin, or people could just use bitcoin for transactions, however i dont think people want to deal with that many decimals to buy a sandwhich (yes, you dont need to buy one bitcoin to own bitcoin, you can buy .000003 bitcoin)
mBTC
Satoshis