"Bitcoin is very quickly of approaching this phase of being able to create currency out of "thin air"."
You state that it has attained that capability. I suggest that like anything that can be created out of thin air, it has no value whatsoever. The appearance of value is actually a threat.
I didn't think I needed to explain the value of secured loans.
Still don't honestly.
You don't. But it's going to be difficult to convince me that BTC gaining the worst features of fiat means it got better. Not that you should bother. Looks like you're doing great while I'm avoiding victory.