What is backing BTC, other than a hope and a dream. That's issue I have with the digital currency. Unlike the dollar, which has the backing of the nation. Yeah, I know it's devalued like 85%, but at the end of the day, it is backed. If the backing question could be resolved, I would have more faith in it to a certain extent. But, I also value anonymity and from what I understand thru criminal actions from the justice department, BTC can and has been traced, unlike a suitcase full of dollars. Understand BTC has more "portability" to a certain extent. Lot of questions still out there for me on this. I also understand from a 100% newbie perspective some of the value proposition of BTC and a ledger, and supposedly how we can keep a handle on unlimited printing. Full and 100% anonymity is key in my eyes. That's why I like greenbacks.
What is backing BTC, other than a hope and a dream. That's issue I have with the digital currency. Unlike the dollar, which has the backing of the nation. Yeah, I know it's devalued like 85%, but at the end of the day, it is backed. If the backing question could be resolved, I would have more faith in it to a certain extent. But, I also value anonymity and from what I understand thru criminal actions from the justice department, BTC can and has been traced, unlike a suitcase full of dollars. Understand BTC has more "portability" to a certain extent. Lot of questions still out there for me on this. I also understand from a 100% newbie perspective some of the value proposition of BTC and a ledger, and supposedly how we can keep a handle on unlimited printing. Full and 100% anonymity is key in my eyes. That's why I like greenbacks.