Bitcoin is a commodity, its backed by the mining of real world energy, and its a technology to easily and 100% verifiably convert real world energies into different mediums, for consistent transactional value across space and time like nothing ever before. Get it?
That's exactly why its legal tender in El Salvador to be the public safety net for the coming economic crisis, and all other shitcoin cryptos must register as securities in that country, i.e. treated as scams against the public. They will all go to zero against Bitcoin.
No it isn't. Its not "backed" by the energy used to produce it. That energy is gone...it was consumed in the process and can never be used again...Besides, if that were true, do you really believe it took what $66,000.00 of electricity to mine a single BTC? I don't think so... It's not backed by anything...
IF BTC isn't backed by squat THEN
We're no better off than what happened in 2008
ELSE
Buy actual commodities instead, that by default have intrinsic value
END IF
Bitcoin is a commodity, its backed by the mining of real world energy, and its a technology to easily and 100% verifiably convert real world energies into different mediums, for consistent transactional value across space and time like nothing ever before. Get it?
That's exactly why its legal tender in El Salvador to be the public safety net for the coming economic crisis, and all other shitcoin cryptos must register as securities in that country, i.e. treated as scams against the public. They will all go to zero against Bitcoin.
No it isn't. Its not "backed" by the energy used to produce it. That energy is gone...it was consumed in the process and can never be used again...Besides, if that were true, do you really believe it took what $66,000.00 of electricity to mine a single BTC? I don't think so... It's not backed by anything...