>[X] ISN'T BACKED BY ANYTHING
You do realize there is nothing that is "backed" by anything, right? Gold isn't backed by anything. Paper isn't backed by anything. Crypto isn't backed by anything. All that matters is whether enough productive citizens decide to use [X].
[X] ISN'T BACKED BY ANYTHING
Aaron Jenkins
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Jordan Thomas
Bitcoin like the US Dollar is backed by itself.
It's too big to fail.
Nicholas Hernandez
USD is backed by BBC
Connor Peterson
it's backed by its economics just like the dollar
Easton Perry
the human body isn't backed by anything
Gavin Morris
And there is no "intrinsic value" to anything
Jaxon Watson
Gold for some reason has had intrinsic value throughout human civilisation, and this isn't anywhere NEAR easilly trounced like fiat is.
Pic related, processed gold found dated to over 4000 years BC.
Ayden Gomez
>gold and paper isn’t backed by anything
Hey you cocksucking shit eating cryptofags. If I go to the store and give someone gold or cash in exchange for goods, which is guaranteed by the government and literally any person with triple digit IQ to have value, that’s inherently differently from some tranny lolbert kid who thinks some sort of gay blockchain ID means anything to anyone other than plebs who suck the cock of MUH DEREGULATED CURRENCY. No one gives a single fuck about your kiddie project that is worthless outside of a bloated economic system with too much money. Digits and your waifu gets fucked by a boomer
Jacob Campbell
>And there is no "intrinsic value" to anything
there is intrinsic value in H20. you have to drink water if you want to live. water has intrinsic value..right ? there are other things that have intrinsic value...
Jonathan Cox
>If I go to the store and give someone gold
youtube.com
Gavin Bennett
Us dollar is backed by nukes and bullets and dumb niggers who take orders. Nigger
Jayden Brown
gold is backed my phys labor, btc by comp labor
dude i would gladly accept payment for anything in gold or btc fiat is just a vehicle to acquire gold and btc
it's backed by petrol but all the smart sandniggers have been taking payment in gold for years
Alexander Torres
Now show what happens when you try to trade a USB full of crypto for literally anything
Samuel Murphy
bitcoin is literally invisible computer code
it has value because people say it does
but people could easily decide it doesn't
Nathaniel Ward
yeah but that is relative. where water is abundant it "seems" worthless. to a dehydrated and dying person it's the most valuable thing. so it doesn't have "innate" value, it's valued by supply and demand
Chase Clark
It's backed by the mathematical certainty that it can't be printed out of thin air.
Brayden Peterson
A glass of water besides a well doesn't have the same value that a similar glass of water in the middle of the desert.
That same glass of water, besides the well, would have no value for you in the present, but could have high value when you are very thirsty.
Intrinsic would imply an invariant, and as all value is derived from subjective preferences, it's invalid.
Carter Mitchell
Fiat currency is backed by full faith and credit of the U.S. government.
Owen Baker
>caring what random nonwhites on the street think
i'm kinds getting why kikes hate everyone except themselves. i too accumulate hard money and hate everyone outside my demographic (white anglo saxon protestant) and especially hate kikes
>invisible computer code
learn to code
Jayden Ramirez
Gold and paper (not talking about cash, which makes paper worth less) are directly traceable to things that improve people's lives, and they're willing to pay with their labor or goods just to get gold and paper.
Gold is a perfect unit of exchange AND an actual good with real world value.
crypto has its uses but for what little they offer they're worth too much. I'm gonna buy XMR when the hype dies down.
Luke Foster
>You do realize there is nothing that is "backed" by anything, right?
That's false because my new currency the "Wobbly Wage" is backed by pirated Nintendo games
Daniel Bell
hehe
Jack Bell
There is nothing backing this thread. OP could rugpull at any second and all our posts would be lost. I'm taking a huge risk just responding.
Joseph Richardson
The point of me showing you that video was that it's not because random street retards aren't seeing value in (for example in that video) gold themselves, that it doesn't have value in the eyes of another arbitrary group of people. Same for crypto. Also, what is exponential adoption.
Nicholas Clark
Jeremiah Bailey
People would give up their left hand if bitcoin was even mentioned unironically. People are miseducated retards brainwashed by current popular thing
Isaac Hernandez
fiat is backed by the government, debts and international institutions like the world bank
crypto is backed by random people in the internet who dump money in it, thinking that one day they will become millionaires
still you can make money, just don't be delusional
Colton Ward
This.
Aaron Cruz
>Bitcoin like the US Dollar is backed by itself.
BTC is backed by the hashrate.
USD is backed by the US military. We just spent Russia's entire annual military budget to escalate our proxy war in Ukraine.