Well yes and no... To be fair It's only worth as much as we think it is.
So I have a $1 dollar bill that's worth something today right? And tomorrow let's say tomorrow we all just learned that Bitcoin is taking over the money market. So my $1 dollar bill just might be worth as much as toilet paper?
Yes... I watched Outer Limits once on TV where these three guys robbed a big-time bank and stole all their GOLD. And so they wouldn't get caught they hide the GOLD in some safe location and froze themselves to awake years later/ in the future.
But in the future tense GOLD had little to no value. It is only worth what you think it is.
to be fair, USD isnt real money either
Well yes and no... To be fair It's only worth as much as we think it is.
So I have a $1 dollar bill that's worth something today right? And tomorrow let's say tomorrow we all just learned that Bitcoin is taking over the money market. So my $1 dollar bill just might be worth as much as toilet paper?
my point is both that 1 dollar bill and 1 bitcoin only hold the value they do because... of nothing
our dollars arent backed by gold anymore, its all fiat
Yes... I watched Outer Limits once on TV where these three guys robbed a big-time bank and stole all their GOLD. And so they wouldn't get caught they hide the GOLD in some safe location and froze themselves to awake years later/ in the future.
But in the future tense GOLD had little to no value. It is only worth what you think it is.