Mmmmm, the nocoiner comments are soooo gooooood...

> False equivalence fallacy.
> 
> Telephones replaced the dots and dashes of telegraphs.
> 
> Bitcoin is actually worse than government backed, FDIC insured currency that is accepted everywhere.
> 
> Bitcoin is Ultra Fiat.  No government backing.  No insurance on deposits.  Accepted at far less than 1% of businesses.
> 
> **Bitcoin is like going from telephones back to telegraphs.**