It's really not much different than Bitcoin other than the lack of auditing and privacy protection. The value in the US Dollar comes from the ease of use and infrastructure behind it. Just as Bitcoins are "created out of thin air" from mining and processing transactions.
are you saying that bitcoin is not that much different from USD other than the lack of auditing and privacy protection? how do paper notes lack privacy protection? and only a finite number of BTC can be created, at least in theory.. the USD can, and it is debased by the day.. it has no store of value. that's a monumental difference.
