You are viewing a single comment's thread from:

RE: I'm tired of the argument that the US dollar is backed by faith only and that bitcoin is more honest

in #bitcoin7 years ago

You are right. The most fundamental resource backing any currency is not gold or any other commodity, confidence of investors, or real estate holdings. It is the military employed to back the interest or currency. I also wrote an article on my sentiment on the same subject check it out if you like...
https://steemit.com/bitcoin/@cryptkeeper17/bitcoin-value-forecast-a-brief-simple-short-term-analysis