most money is not government issued anymore,
gov only issues money through the treasury
but then citizens go and create credit at the bank
and the banks run on ZERO reserve now
I get the point though
and the story given to us,
but the coin is what 90% issued already
the powers that be can easily scoop up all if they want
so issuance is not so much a thing
then we have scarcity
which is out the window with tokens
but great you did state bitcoin is meant to be a
peer to peer electronic cash system
that is something it can be
but the peer to peer part is still lacking after all these years
Handcash were on the right track initially
then they got funding and pivoted away from NFC and POP
which wallets allow Alice to send a TX to Bob by NFC or bluetooth because Alice does not have internet?
Below is how Bitcoin Peer to Peer transactions should happen
Alice sends a signed TX to Bob
Bob is then responsible for broadcasting it to the chain