Quote:
Originally Posted by suzzer99
US Dollars are accepted as US tax revenue, and backed by tanks and fighter jets. Both of those things are tangible.
Blockchain is an interesting technology that may revolutionize currency. Or not. But that still doesn't make BTC, or ETH or any other crypto token worth any particular intrinsic value. That's why there's nothing to stop them when they fall.
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What would happen If the US government was forced to show its supply of gold and it couldn’t,
Even though it’s a confidence based financial system, all the tanks and jets wouldn’t save the dollar from losing a great deal of its value.
Encrypted currencies are still in their infant stages of development.
To say the technology doesn’t have value is a bit silly.