If you find the draw of Bitcoin hard to understand and are of the engineer bent, try this on: Bitcoin refactors money to be a service shared among all countries. Your money is no longer coupled to your nationality.
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I mean they "work" in the same sense that taxis "work" in SF. Technically, yes. In practice, no. I once tried to buy Euros and hold them in a bank outside the US, the best I could ever get done was to buy shares in an ETF.
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Maybe I'm dumb, but I think that in practice holding and using foreign currency is hard enough for most people to be not practical.
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