You don't know what you're talking about. In fact you make a habit on these forums of talking confidently whilst giving flawed information. If you like playing the knowledgeable person, first educate yourself.
>>"The 'mainstream' currencies like USD, EUR, GBP etc don't have such an asset base either"
This is crap. The USA has massive state assets. The Euro is the national currency of numerous nations and nations denominate their state bonds in euros - again state actors with major state assets. Your statement ranks alongside War is Peace and the Moon is made of cheese for its stupidity.
>>, and neither do any of the banks you store your cash in.
Odd, because I'm pretty sure collateral counts as an asset. Yep, it does. If you actually believe banks have no asset base, I presume you think you don't have to pay your mortgage? You're an idiot. You just say what you think sounds profound and to Hell with reality.
>>"All governments that have their own currency continually print more in part to fund their borrowing"
Actually, the Bank of England and the Federal Reserve are both not controlled by their host governments. Printing more is a fundamental part of the system - it's called interest rates. It's not ultimately about the Government abusing power to pay off its own debts as you make it sound. Especially in those cases where debt is foreign.
>>"as inflation is the most effective way to reduce the debt burden of a country."
You haven't got a clue. You make it sound as if governments are all keen to pump up inflation in order to reduce domestic debt. They hate doing that! Inflation devalues savings, discourages investment (why lend a million to get two million back if by the time you do, the two million is worth less than the one million), and it destroys foreign exchange rates.
>>"All modern currencies work by fiat - they work because they work"
They are fiat currencies but you make it sound as if they're arbitrary and entirely based on faith unlike Bitcoin. The fact that you can pay taxes in them and that their governments are required to use and accept these currencies gives them a foundation that no virtual currency has yet come close to matching. There are numerous interesting ways in which the pros and cons of virtual currencies can be compared to those of the mainstream currencies, but you're not interested in them - you just want to do a flawed hatchet job in favour of bitcoin.