Dogecoin is just made up money with infinite supply...
(media.greatawakening.win)
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You're assessment of Elon is wrong IMO. Elon wants to colonize Mars and travel throughout space, paper/metal fiat is too heavy of a payload to bring along. That's where crypto comes in. They've been portraying a digital currency in movies for years of not decades now, especially in space travel movies. Guardians of the Galaxy for instance.
Just my take, and a crazy one I know.
All currencies are digital now. Weight is not the issue with USD.
True. But still backed by something physical on Earth.
Sorry, what is it backed by? You could say it's a medium for exchanging labor but it's printed and given to people that do not perform any labor.
Paper notes and the fed. Decentralized crypto has neither. Our acceptance of the currency is the only thing that gives it value.
Not an expert, just shower thoughts.
What would that be? We are not on the gold standard anymore. Our coins are not made of precious metals anymore either.
Paper notes and the fed.