Gold 1.0 was taken off as backing to the dollar to get us into this mess. Gold would have kept us out of this mess if it had been left as the backing for the dollar. That was an intentional act. Bitcoin is backed by the same nothing as the Federal Reserve Note is today.
So I can go to the issuing miner and ask for the X kilo/mega/gigajoules of energy used to mine the block back and be able to use that energy as I please? Whereas before FDR used unconstitutional methods to ban gold ownership, I could do that with USD to get gold.
I am fairly sure a real US Dollar backed by gold will kill the Fed, and that is going to happen.
I believe it will also kill crypto.
Gold 2.0 (also known as Bitcoin) will kill the Fed. Gold 1.0 got us into this mess in the first place.
Gold 1.0 was taken off as backing to the dollar to get us into this mess. Gold would have kept us out of this mess if it had been left as the backing for the dollar. That was an intentional act. Bitcoin is backed by the same nothing as the Federal Reserve Note is today.
BTC is backed by energy, along with its nature of being decentralized and trustless.
All value of subjective, but to compare BTC to federal reserve notes is asinine.
So I can go to the issuing miner and ask for the X kilo/mega/gigajoules of energy used to mine the block back and be able to use that energy as I please? Whereas before FDR used unconstitutional methods to ban gold ownership, I could do that with USD to get gold.
BTC is secured by energy, not backed by energy.