I'm a fan of bitcoin in many ways, but this is fanboy fiction with no understanding of money.<p>> Fractional reserve banking entails the creation of new money that is fungible with already preexisting money, i.e. it can be used interchangeably within the currency’s payment systems. This is impossible with Bitcoin.<p>Not true. Currency can easily be issued against bitcoin. When USD was backed by gold, there was plenty of fractional reserve banking and no-one could issue more gold. In fact, there is already debt-based money backed by BTC issued on the Ripple network.<p>EDIT: I should add, that fractional reserve banking does not mean infinite money supply. Depending on the amount of reserves required (by customers, government, etc.), as long is it's greater than 0%, there is a limit on the supply. E.g. if the reserve is 20%, only 80 BTC can be loaned against 100, and only 64 against wherever the 80 is deposited, and on-and-on until it approaches 0. Fractional reserve is not necessarily a bad method to allow for risk assessed expansion and contraction of money supply.<p>> ...blah blah... make it certain that ... Bitcoin will be adopted as the global currency<p>Oh really? It's certain that the globe will adopt a currency because of it's asymptotic money supply and proof of work algorithm? That makes no sense at all.<p>The world will adopt bitcoin because it's an efficient means of exchange and safe as a value store / investment from dilution by central banks.<p>Also, the "security" row in the currency comparison chart is misguided. Bitcoin is far less secure than bank maintained fiat currency networks, because in the latter, fraudulent transactions and electronic theft are generally reversible.