Bitcoin is a record keeping system, which is what money is as I explained in the video. So yes it provides as extremely valuable and critically necessary service for the economy that uses it. The individual cannot get bitcoin without providing a service or value in exchange for it. That’s the whole point. Rather than entire industries surviving on counterfeit, people have to actually exchange something and provide value to others in order to earn some bitcoin.

Well, the dollar system has been working pretty well for several decades. Debt has always been rising in every country, money is debt. What matters is distribution not volume.