D
Well, all of the problems you mentioned can be solved with reliable backup records which is what they do now with bank accounts. The real difference with digital currency is that it isn't backed up by a country's gold stores. Each country's money is dependent on its gold stores, demand for imports and exports, and inflation.... There's probably other things too that I don't know of... Those things give each country's currency its value on the world currency exchange...
Bitcoin (Digital currency) is just now getting assigned an official value because it is now an item on the stock market. The problem that is revealing itself now is that its value is fluctuating like crazy and nobody knows if the value is being manipulated by key investors or not. In other words there might be someone out there who holds like 20% of all bitcoins and he/she alone can drive the value up or down in the market by buying or selling his coins like one buys and sells stocks. With businesses, that does not happen because of insider trading rules.. If you own a large amount of a company's stock, you can't just trade it at will without notifying the public of what you're doing. Also, there are time limits so you can't just trade whenever you want. With bitcoin, there are no insider trading rules.
Bitcoin (Digital currency) is just now getting assigned an official value because it is now an item on the stock market. The problem that is revealing itself now is that its value is fluctuating like crazy and nobody knows if the value is being manipulated by key investors or not. In other words there might be someone out there who holds like 20% of all bitcoins and he/she alone can drive the value up or down in the market by buying or selling his coins like one buys and sells stocks. With businesses, that does not happen because of insider trading rules.. If you own a large amount of a company's stock, you can't just trade it at will without notifying the public of what you're doing. Also, there are time limits so you can't just trade whenever you want. With bitcoin, there are no insider trading rules.
Oh, BTW, I could have traded all the stock I owned in a company at one point in time. My company, so my stock. (I kept the stock much longer than I kept the company. lol)