I know nothing of bitcoin. So someone please educate. Why would the federal government allow a new currency to develop and take over the federal government's current currency? Without knowing anything about bitcoin, I would think if currency becomes digital it'll be the federal government that makes it so.
And what is stopping anyone from creating their own currency like bitcoin? What makes bitcoin have any value? Isn't it like someone making a new cash currency and calling the $1 dollar bill the $1 wolla bill?
I don't get it.